FAQ's About Restaurant Loans / Business Finance
What is a cash advance?
A cash advance is not a loan, but rather an advance against your business receivables or future sales.
What is the interest rate?
Cash advance products have a rate of return based on the risk that is identified in the deal after looking at a variety of factors. There is no set rate of return as each deal is unique with its individual strengths and weaknesses.
How quickly can I receive my advance?
We can at times have your application approved within 24 hours. Funding typically takes around 7 to 10 business days.
Is this based on credit?
No. The success of your application is not based on credit, but rather the financial strength of yous business.
I have an existing advance, can I get more?
Yes! Please contact us if you have an advance and we will assess your situation and identify areas of opportunity for additional funding
What other services do you offer?
Please visit MoneyNYC.com to learn about our other services |
