Are you in need of working capital in order to grow your business?
Do you have to struggle through periodic cash-flow crunches?
Is your bank less than helpful in assisting with your businesses financial needs?
If you answered yes to any of the above questions: A financial solution, short term or longer term, may be closer and easier than you think.
First Star Capital is now offering small to medium sized businesses a working capital funding option known as a cash advance. These advances are not considered to be loans or debt obligations. The funds are advanced against future Visa® and MasterCard® sales. There is no fixed payment amount or repayment term and no Personal Guaranty required from the business owner. Instead, a small percentage of the daily Visa and MasterCard receivables are collected until the advance is repaid. A cash advance from First Star provides merchants with needed working capital allowing them to keep existing credit lines open and available or to avoid the cumbersome restrictions of traditional bank financing all together.
With a working capital cash advance from First Star you get immediate cash deposited into your business bank account in exchange for a fixed dollar amount of your future credit card sales. This lump sum of cash can be used for any business need including advertising, inventory, payroll, taxes, software or unexpected expenses such as maintenance or the replacement / upgrade of equipment.
First Star has had tremendous success providing working capital cash advances to businesses across the country in the following types of industries:
- Restaurants
- Retailers
- Convenience stores
- Automotive repair / service
- Service based businesses
- Hospitality businesses such as hotels & motels
As long as your business has been established for greater than one year and processes at least $4,000.00 per month in credit card sales (Mastercard & Visa) you will be a candidate for a working capital cash advance from First Star Capital.
Application requirements:
- Completed First Star Capital working capital credit application (signed & dated)
- Most recent 3 months of business bank statements
- Most recent 3 months of credit card processing statements
Some applicants may also be required to submit:
- A copy of their current merchant processing equipment lease
- A tax return or financial statement
Companies all across the country put their faith in First Star Capital to quickly and efficiently process their working capital cash advance requests because First Star is a financially sound firm positioned to weather the current economic challenges. In fact while many of our competitors have curtailed lending activity First Star continues to experience heightened demand.
Apply Now! - Working Capital Cash Advance Credit Application - .pdf editable form |
