Merchant Cash Advance (Credit Card Processing Receivables Advance)
Ocean Drive Funding offers merchant’s who accept credit cards to fund business capital and pay it back in a structure that is easy to predict each month. Based on the merchants transaction volume monthly, Ocean Drive Funding can provide a capital funding for between 75% and 125% of the average of the last 3 to 4 month’s total monthly revenue. If a company is generating $100,000 in monthly credit card sales, they will typically be approved for between $75,000 and $125,000. There are cases every month in this scenario where we have even approved $150,000.
The Ocean Drive Funding repayment structure is simple. In this funding model, the merchant agrees to allow Ocean Drive Funding to keep between 10% and 60% of the merchant’s daily net credit card transaction receivables during the term it takes to repay the full balance of the funding provided plus interest and or funding fee. In most cases, Ocean Drive Funding and our merchant can decide as a team what is the best percentage to payback effectively and also grow the business without too much added cost of debt servicing during the payback term.
While this is not a fixed monthly payment, it is easy to determine based on past history what will likely be the payback each month. If the business capital we provide a merchant enables them to increase revenue during the term of the repayment, that simply means the repayment will take place faster and Ocean Drive Funding can provide a second funding sooner!
Merchants who have been selling retail, wholesale, online, on-land, business to consumer, business to business, all can apply for Merchant Cash Advances with Ocean Drive Funding and get fast approvals and fast funding.
APPLY NOW and get the funding you need to grow today!