Merchant Cash Advance

The Challenge

Small businesses face an increasing challenge in obtaining loans to fund their ongoing operations:

  • Lending to small businesses contracted in the last two years by $40b
  • 55% of small business owners attempted to borrow in 2009; only 40% had their credit needs met completely.
  • 50% of small business applications for new credit lines were turned down
  • 83% of small businesses report using a credit card to support their business

The Solution

Many small businesses have been forced to turn to commercial credit cards to finance operations, a very high-cost option.

Ignite Payments’s Merchant Cash Advance provides a cost-effective, convenient alternative to access the working capital needed to sustain your business.

How It Works

Apply for an advance amount of a portion of your average Visa/MasterCard monthly volume total.
The daily retrieval percentage will be up to 20% of your daily credit card deposit.
Repayment is conducted at a predetermined factoring rate.
Estimated length of contract will vary from 5-7 months.


Get started online or give us a call at 1-844-513-0050 to talk with a merchant advisor.

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Merchants meeting the following criteria will be considered for an advance:

  • Minimum one year in business
  • Minimum $5,000 in Visa/MasterCard processing per month
  • Minimum 12 months processing history
  • No bankruptcies
  • No open tax liens or judgments
  • SIC guidelines follow FDMS standards, with some limited additions

Advance assumptions:

  • Estimated payback time typically ranges from 5-7 months
  • Average daily retrieval rate of 20%
  • Advance amount of up to 100% of average monthly processing