Richton Funding
Cash When You Need It!
Cash Advance vs. Bank Loan
Which is better?
A Business Cash Advance is a
different way to fund your
business.
We don’t think like a bank!
No Application Fee
No Financial Statements
No Tax Returns
No Fixed Payments
We employ a special process called "factoring," which is when one company sells its accounts receivable to another company. Richton Funding focuses on your future credit card transactions as a form of payment.
You only pay off your Business Advance when you make credit card transactions, so there is no fixed payment schedule. This approach has the least impact on your business, since repaying is handled electronically and only when you bill a client - we get paid only when you do.
We give you the Business Cash in just a few days so that you can grow your company as quickly as possible.
How a Cash Advance compares to a Bank Loan:
Unlike conventional bank loans which require a written loan proposal that is tedious and time-consuming, a cash advance with Richton Funding takes just a few moments. Most businesses are approved regardless of personal credit.
A cash advance is based on the strength of the merchant's future credit card transactions. It is not a loan! We will pay you for your future credit card transactions. We, in return, collect a fixed percentage of those transactions and the balance is deposited into your account.
What are the benefits of a cash advance?
With a cash advance from Richton Funding there are no hidden fees, or application fees to worry about. A cash advance is paid back using your credit card sales, so there are no checks to write, payment books or monthly bills to deal with. You get the immediate benefit of the funds you need, and the simplicity and convenience of painless repayment.
How much cash can I get?
Depending on your qualifications and credit card volume, you can apply for operating funds from $2,500 to $250,000.
How do I qualify for a cash advance?
- Certify that you have been in business for 12 months or longer.
- Show that you have been accepting Visa/MasterCard transactions for at least four months
- Demonstrate a minimum Visa/MasterCard volume of $2,000 monthly which is determined from your merchant statements
How quickly will I get the money?
7-10 business days.
Once qualified, we will wire the cash directly into your business checking account, typically within 72 hours after approval.
What can I use the money for?
Many of our customers use their cash advance for business-building needs like adding inventory or purchasing equipment, expanding their facility or remodeling projects, adding more seats to their restaurants, additional warehouse space, and advertising campaigns. Others use the cash for emergency needs like unforeseen maintenance projects. The bottom line is, it's your business and you should use it any way you deem necessary.
The Bank loan process made me NUTS!!!!
The Richton Funding process gave me my sanity again!!
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