FREQUENTLY ASKED QUESTIONS
Merchant Bank Statement Financing and Merchant Cash Advance products

• How do the business Bank Statement Financing and Merchant Cash Advance products work?
• How can I find out how much my business qualifies for?
• What happens if I pay early?
• How much does it cost to apply?
• How much will a business Bank Statement Financing or Merchant Cash Advance product cost?
• Do I have to pay any fees to get the business Bank Statement Financing or Merchant Cash Advance products?
• Will bad credit affect my business Bank Statement Financing or Merchant Cash Advance request?
• How often do I have to make payments?
• How easy is it to get approved?
• Can you replace my current lending arrangement and offer me more money?
• Do you require a personal guarantee?
• Can the payment percentage be changed after the account has been funded?
• What are the terms?
• What if I already have a business loan?
• What can the business Bank Statement Financing or Merchant Cash Advance products be used for?

Q. How do the business Bank Statement Financing and Merchant Cash Advance products work?
A. Our programs offer a fast and convenient way for you to get the cash you need to run your company. It is not a business loan, which means that there are no checks to write, no fixed monthly payments, and there is none of the restrictions/excessive documentation typically associated with a bank loan. Approval rates are much higher than a bank loan and funds are typically wired to your business account within 10 days. Repayment is based on a small fixed percentage of your future Visa and MasterCard receipts until the pre determined payback amount is satisfied. We get paid as you get paid thus helping you manage the cash flow of your business, especially during slower months.
Q. How can I find out how much my business qualifies for?
A. Our basic qualifications are that you must have a physical location, be in business for at least 4 months, process at least $3,000/month of Visa/MasterCard receivables and have at least 1 year left on your lease. To find out how much you qualify for, simply complete the online application and provide some basic information. You will receive a free, no obligation quote within 24 hours from a Shearson Capital Account Executive who will review your funding options.
Q. What happens if I pay early?
A. This is not a loan; therefore there is no prepayment penalty, no fixed payment schedule, no maturity dates, and no minimum monthly payments. At any time, you can choose to settle the advance by paying the remaining balance in full.
Q. How much does it cost to apply?
A. Shearson Capital 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. How much will a business Bank Statement Financing or Merchant Cash Advance product cost?
A. Each business is unique and therefore receives a customized quote based upon its specific needs and unique situation. Several factors influence the size and cost of the business Bank Statement Financing and Merchant Cash Advance products, including; business size, industry, processing history, volume, ticket size, and various other factors. To find out how much you qualify for and the associated cost, simply apply now for your FREE no obligation quote.
Q. Do I have to pay any fees to get the business Bank Statement Financing or Merchant Cash Advance products?
A. Shearson Capital does not charge Application Fees or Points and you can receive a free, no obligation quote by completing our simple online application.
Q. Will bad credit affect my business Bank Statement Financing or Merchant Cash Advance request?
A. Business Bank Statement Financing and Merchant Cash Advance products are not solely based on your credit score; therefore it is not necessary for you to have good to excellent credit to receive an advance. We place a great deal of emphasis on the health and performance of your small business.
Q. How often do I have to make payments?
A. We get paid as you get paid. You never have to write a check. Our automated process is designed to work with your credit card processor to collect a small percentage of your daily Visa and MasterCard credit card receivables until your business Bank Statement Financing or Merchant Cash Advance product is settled.
Q. How easy is it to get approved?
A. Our proprietary approval process allows you to enjoy high approval rates and funding typically within 10 days.
Qualification is easy:

• Have you been in business for at least 4 months?
• Is your monthly Visa/MasterCard volume at least $3,000?
• 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. Can you replace my current lending 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 pay off your existing advance if it is in your best interest. Call us today to find out how much you are qualified to receive.
Q. Do you require a personal guarantee?
A. No. Our Bank Statement Financing and Merchant Cash Advance products do not require a personal guarantee; however, individuals may be liable in cases of fraud, misrepresentation, and as further detailed in the contract.
Q. Can the payment percentage be changed after the account has been funded?
A. No. We maintain the percentage until the advance is paid in full.
Q. What are the terms?
A. We offer terms of 2 to 24 months based on your needs and the product or investor specifications.
Q. What if I already have a business loan?
A. Our business Bank Statement Financing and Merchant Cash Advance products are not a business loan. As long as you meet our requirements, we can still provide you with immediate cash, without affecting your other obligations.
Q. What can the business Bank Statement Financing or Merchant Cash Advance products be used for?
A. Your Business Bank Statement Financing and Merchant Cash Advance products can be used for any business purpose, including: purchasing inventory, repairing equipment, renovations, expansion, reducing debt, or emergency expenditures. You are free to spend the money on whatever is best for your business.