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FAQ

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September 17, 2018

Can I renew the advance?

You may renew the advance every 4 months to receive more cash. In fact, 80% of our merchants do. You will never have a cash flow problem again.

September 17, 2018

Are there any costs to switch merchant services?

No, all set-up fees are waived.

September 17, 2018

Will I have to change credit card processors?

No its not mandatory to change processors, but you can swith to one of our processing companies and we will either match or beat your current processing rates. The transfer is very simple and it is done over the phone. It takes less than 5 minutes. ...

September 17, 2018

Will the cash advance show up on my credit report?

No, the merchant cash advance will not show up on your credit report. You can apply for additional financing and it will not impact your debt to income ratios.

September 17, 2018

Are there any setup fees?

No, there are no setup fees or application fees of any kind.

September 17, 2018

Is there any collateral required?

No, the merchant cash advance is completely unsecured. We use your business performance to determine funding.

September 17, 2018

Can I repay the advance early?

Yes, you can always pay off your remaining balance on the advance at any time.

September 17, 2018

How long does it take to get funded?

Once approved, the cash is typically wired into your account within 3-4 business days.

September 17, 2018

What is the interest rate?

This is not an interest-based loan. However, there is a one time flat cost.

September 17, 2018

How much money can I get?

We advance you a sum of money based on your monthly credit card sales volume. You may qualify for up to twice your monthly credit card sales volume.

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Unlike many of our competitors, Fortune Funding Concierge offers several financing alternatives. We are not limited to small business loans or merchant cash advances exclusively. This means our clients enjoy a range of financing options ensuring they are approved for the working capital they need. Our guidelines are lenient resulting in a high approvals rate. We offer competitive rates for merchant cash advances and credit card processing. Read more

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