Cash Advance Program

Strengthen and grow your business with Concord’s innovative working capital program.  With funding of as little as $5,000 or as much as $300,000 available for your business, we can help you:

  • Pay down business debt or taxes that may be due.
  • Take advantage of supplier discounts and bulk purchases.
  • Increase advertising and promotions to increase sales.
  • Purchase new equipment.
  • Remodel or expand.
  • Open a new location.
  • Meet payroll.  Pay insurance premiums.
  • Buy out a business partner.
  • Pay an unexpected business expense.
  • And much more.  Use the money for what you think is best for your business!

Many banks have significantly tightened their lending policies - making it difficult, if not impossible, for many small businesses to secure needed financing.

Concord’s merchant cash advance program is an easy, simple and very attractive alternative to the hassles and restrictions of traditional bank financing.  With Concord’s program:

  • Receive your cash in as little as 7 working days.
  • No financial statements needed.
  • No personal guarantees or liens.
  • No interest charged.
  • No complicated paperwork.
  • No application fees.
  • No administrative charges.
  • Flexible repayment.  No loan payment books.

How does the program work?

  • We purchase a percentage of your future credit card processing receipts which are collected by us automatically from each day’s credit and debit card batch.  We get paid after you get paid!  There is no set dollar collection amount – if you have a slow day, we have a slow day.

How do I find out if I qualify?

  • Contact the Concord Merchant Group.  Every business is different, but normally you must have been in business 12 months or more, process at least $5,000 per month in credit/debit cards sales and have at least one year remaining on your location lease.  A few other uncomplicated requirements apply.

Can I get additional funding?

  • Yes.  After the initial funding has been repaid.  Historically, over 70% of eligible business owners will renew for a second or third advance. My personal credit could be better.  Can my business still qualify?
  • Having poor or challenged personal credit does not normally disqualify your business from participation.  Our merchant cash advance will not appear on your personal credit report.

Please contact us for more information and a personal, confidential discussion of how we can help you grow your business.