By: Emily Klaus | Marketing Associate
Being a small business owner is never easy. Between managing your inventory, onboarding new employees, and overseeing day-to-day operations, the last thing you want to worry about is your cash flows. Maybe you’re in the construction business and the payment for your jobs won’t be received until long after the job is finished. Or perhaps the space next door is up for sale and you want to purchase it to expand your business. No matter what your cash flow need is, Jet Capital is here to help.
Jet Capital offers merchant cash advances of up to $100,000. Although a relatively new product in the financial services sector, a merchant advance from Jet Capital is designed to provide small business owners with faster and more efficient access to funding to grow their business or meet an unexpected expense. With a merchant advance, the business owner is selling a portion of their future revenues at a discount, to get the funding they need faster - today or tomorrow, as opposed to weeks, if ever, for a bank loan. This fall, we’ve introduced two new merchant cash advance programs that make the process even easier and faster for our customers.
Boost Merchant Cash Advance (Boost MCA)
The Boost Merchant Cash Advance is a variation of Jet Capital’s core MCA product designed to help out newer, less established businesses. This product is aimed toward small businesses who have been operating for at least three months and have average gross monthly revenues of $5,000 or more. Depending on their unique business situation, these small businesses could be eligible to receive funding of $2,500-$5,000 as soon as the same day they submit their application!*
In addition to minimizing the documents required, we’ve streamlined the application and verifications process for this product to speed up the distribution of working capital funds, making it quicker and easier than ever! You can submit an application online in less than 10 minutes (it’s only 3 short pages), or call us toll-free at 866-845-9674 to submit an application over the phone with one of our helpful representatives. To find out more about our online and phone applications processes, click HERE.
Pre-Fund Merchant Cash Advance Program
The Pre-Fund Program is an enhancement to Jet Capital’s core merchant cash advance product for well-established small businesses, designed to accelerate getting you the working capital funds you need even faster. The Pre-Fund Merchant Cash Advance Program from Jet Capital, for well-qualified businesses, allows your business to receive up to 20 percent of your approved working capital funds, up to a maximum of $10,000, the same day your application is submitted!* If your business has been operating for two or more years and has at least $10,000 in average monthly gross sales, you may qualify for the Pre-Fund Program from Jet Capital.
Jet Capital strives to offer funds for many different types of small businesses. If you are in need of working capital, apply today at localhost/JC or give us a call at 866-845-9674.
*For well-qualified applicants, same-day preferred funding is available up to the lesser of 20% of the conditionally approved advance amount (Net Deposit) or $10,000. Same-day funding assumes same-day application, conditional approval and Jet Capital initiation of wire transfer before 5 p.m. Eastern Time, which, subject to your financial institution’s processing policies, could be available the same business banking day. Upon receipt of underwriting documents and final approval, Jet Capital initiates a wire transfer for the Final Approved Amount (Net Deposit) less any amount pre-funded above, which, subject to your financial institution’s processing policies, could be available as early as the following business banking day.
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