- What can Empire Merchant Advance do for my business?
- What is the benefit of using Empire Merchant Advance, opposed to one of your competitors?
- How can I use the cash?
- Why wouldn’t I get a traditional bank loan instead?
- How does it work?
- Where can I find articles about the merchant financing industry?
- Will I qualify?
- Will Empire Merchant Advance share my business and personal information with any partner companies or marketers?
- How long will it take to find out if I am approved?
- How soon do I have to pay back the cash?
- How much can I qualify for?
- How soon can I have the cash?
- Do I have to change my credit card processor?
- Will I be able to monitor the progress on my account?
- Is there a penalty for paying back the advance early?
- Do I have to pay off the first advance before I can take a second advance?
- Who can answer my questions, or help me start the funding process?
What can Empire Merchant Advance do for my business?
We offer you a way to improve your business for the future by accessing cash now. It’s not a bank loan, so you’re more likely to be approved, and your cash becomes available to you within days.
What is the benefit of using Empire Merchant Advance, opposed to one of your competitors?
One of the biggest benefits of using Empire Merchant Advance for your merchant financing needs is our payback rates. We are willing to match or beat any quote that you receive from a competitor. We guarantee it! In addition, the customer support at Empire Merchant Advance is unparalleled. We work with our clients to provide custom programs that fit their business needs while other business cash advance companies have defined programs with limitations.
How can I use the cash?
Use the cash any way you see fit. Customers typically use the cash to support or upgrade their business in some way. Maybe you need repairs or inventory. Maybe you would like to expand your present location or simply add a new location. Better still, maybe you’d like to seize an opportunity in your marketplace before a competitor does.
Why wouldn’t I get a traditional bank loan instead?
We all know that sometimes banks can be a little tough with their guidelines. Empire Merchant Advance provides cash advances to businesses that do not qualify for traditional bank loans. We also have clients with perfect credit that come to us because of our turnaround time compared to the time it takes for the bank approval process.
How does it work?
The funding process is simple. Empire Merchant Advance purchases your future credit card transactions and advances that money to you today. After you receive your advance, your processor will deduct a small, fixed percentage from your daily credit cards sales until the advance is paid back.
Where can I find articles about the merchant financing industry?
Empire Merchant Advance is constantly updating our Merchant Financing Articles page with articles that give you great insight to the positives and negatives associated with merchant financing. Check it out here!
Will I qualify?
If you take credit cards as a form of payment…you qualify! Credit score is NOT a factor with our underwriting. We know that most business owners put everything they have into their business including financing, which usually results in a low credit score. Our underwriters look at the business and the credit card sales that it is producing every month. They do NOT look at the credit history of the owner.
Will Empire Merchant Advance share my business and personal information with any partner companies or marketers?
NO! The information you submit to us is kept completely confidential and is never shared with any 3rd party companies or business partners of ours. Empire Merchant Advance protects the privacy of our clients and our website is 100% secure and safe.
How long will it take to find out if I am approved?
Pre-approval is obtained within 1 hour. Funding can take as little as 3 business days depending on the amount of the transaction and the time it takes to get the necessary documents required to fund.
How soon do I have to pay back the cash?
At Empire Merchant Advance, we are very flexible about the payback term. The client decides whether they would like to pay us back on a 3-month, 6-month, 8-month, or 12-month term. Don’t worry, you can always ask for an extension if you need more time and you can even pay back at a faster pace than you initially set with no prepayment penalties!
How much can I qualify for?
Your monthly credit card volume will qualify you up to $250,000. The amount of receipts purchased is determined by your average Visa/MasterCard volume over a 90-120 day period.
How soon can I have the cash?
This all depends on the customer. Once one of our account executives receives a completed application and 3 merchant statements, we can wire the funds within 48-72 hours.
Do I have to change my credit card processor?
Empire Merchant Advance gives you the option to either stay with your current credit card processor OR switch to one of our preferred processors where we can SAVE YOU MONEY on your fees every month.
Will I be able to monitor the progress on my account?
You can log on to our website to view your every detail of your account or you can call our customer support on our toll free number 24 hours a day, 7 days a week.
Is there a penalty for paying back the advance early?
No. You can always pay off the balance remaining on the advance at any time. As a matter of fact, Empire Merchant Advance will offer a large discount depending on your pre-pay terms worked out during the initial contract.
Do I have to pay off the first advance before I can take a second advance?
No. 75% of our customers take more than one advance and the majority of them take it within 60 days of receiving their first advance. All you have to do is pay off 50-60% of your first advance and send your Funding Consultant a recent bank statement. The money can be deposited in your account in as little as 24 hours.
Who can answer my questions, or help me start the funding process?
You can reach one of our Funding Specialists at: 877-778-7838 from 9 a.m. – 9 p.m. EST, Monday – Friday
I own a restaurant on the beach, and as winter approaches sales decrease significantly. I applied with Empire Merchant Advance and my rep was able to get me $15,000, despite credit issues, within a week of applying to help cover operating expenses during my slow season.” 
