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Revo Capital Advance: Immediate Working Capital Loans based on Future Credit Card Sales
Revo Capital Advance allows merchants to tap into their future credit card sales, in order to get a cash advance now. Get money for your business by tapping into your future sales. This is not a typical loan, it is based only on your business credit card sales. That means application is easy and 92% of merchants are approved within 5 days. Merchants can qualify for up 3 months of credit card sales volume as an immediate capital advance. The working capital loan is repaid directly from credit card sales in the future.
Requirements:
- No open bankruptcy
- Not a home business
- Not on TMF (terminated merchant file) list
- Business has a physical location (i.e. not internet or mail order)
- In business for more than 6 months
- At least $2500/month in V/MC volume
Key Benefits
- Pre-approval within 24 hours
- 5-7 day cash funding time
- Up to $250,000 in immediate cash
- No personal guarantees
- No collateral pledge on home or business
- No liens
- No fees
- No points
- No fixed monthly payments
- No coupons or checks to write
- No impact on their ability to qualify for other financing
- No business use restrictions on the funding
- No hassles - quick application & fast funding
Frequently Asked Questions |
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Q. How easy is it to get approved by Revo?
A. Over 80% of our applicants get approved and funded in less than 10 days. Our review standards are streamlined to provide an expedited approval process that requires minimal documentation. Qualification is easy:
- Have you accepted Visa/MasterCard transactions for at least 6 months?
- Is your monthly Visa/MasterCard Volume at least $2,500?
- Are all prior bankruptcies resolved?
- Do you have at least one year remaining on your current retail lease?
- If you answered yes to these questions then you should apply.
Q. I am already with another financing company providing a similar financing, can you replace that arrangement and offer me more money.
A. Contact us to find out specifically how much we can offer you. We often offer larger advances than our competitors and will payoff your existing advance if it is in your best interest. Call us today to find out how much you are qualified to receive.
Q. How much does it cost to apply for an advancement?
A. Revo offers a no cost/no obligation quote. There are no up-front fees and we do not charge for "out of pocket" expenses such as: credit reports, D&B reports, overnight mailing costs, etc.
Q. Do we require a personal guarantee?
A. No. Our Cash Advance does not require a personal guarantee, however, individuals may be liable in cases of fraud, misrepresentation, and as further detailed in contract.
Q. Can the daily payment percentage be changed after the account has been funded?
A. No. We maintain the percentage till the advanced is paid in full.
Q. I need a longer term than 6 months. Do you offer such terms?
A. Yes. We offer programs that range from 6 months to 12 months based on the merchant's needs.
Q. What if I already have a business loan?
A. Our product is an advance, not a loan. As long as you meet our requirements, we can still provide you with immediate cash, without affecting your other obligations.
How can Revo help fund my business needs?
We offer a revolutionary new working capital program designed to help you manage your cash needs by providing you with a more responsive alternative to traditional bank lending.
How does the program work?
Our products offer a revolutionary way to get the money needed for your business operations. The most important thing to remember is that it's not a loan, so there are no loan payment books, no dealing with people who don't understand your business, none of the traditional bank hassles. Revo transactions are based upon your future credit and debit sales. We purchase a portion of these future credit and debit sales at a discount. To settle your obligation, we retrieve a fixed percentage of daily credit sales when they are "batched" - it is as simple as that.
What can I use the money for?
Most of our customers use the money for business-building needs like adding more seats to their restaurants, advertising or stocking up on seasonal merchandise. Others have used it to buy out a partner or for emergency needs like unforeseen maintenance issues that could interrupt your business. You are free to spend the money on whatever is best for your business.
How soon can I get the money?
The average time from receipt of a contract to funding is usually 10-14 working days.
Do I need to change credit-card processors?
You may need to change credit-card processors to one that has a relationship with Revo. It is the unique way we collect the future sales you sold us. Our partner processors guarantee to meet-or-beat the transaction rate on your processing needs.
What kind of discount do I get if I pay early?
Since this is not a loan, there is no monthly payment schedule. We get paid when you get paid, therefore, there is no discount for early payment. You are free to settle your obligation early if you wish.
Why do you have to review my personal credit?
We use a business-friendly scoring model that blends general economic data, business and guarantor information to assess risk. Considering your personal credit is a part of the process.
What qualifies as proof of ownership?
Articles of incorporation, board-meeting minutes, a corporate tax return or a business license showing the guarantor's name as an owner are all great proofs of ownership.
How often are payments to the working capital advancement retrieved?
We collect a small percentage of your daily credit card sales as they are settled or "batched."
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866-REVO-411
