How long does it take to get approval for business financing?

With Sapphire Consultants Funding, getting a quick merchant cash advance truly is quick. Most businesses receive approval within a few business hours. Funding is typically delivered directly the next day.

How do I, if approved, pay back my Sapphire Consultants Funding merchant cash advance?

There is no need to go through the anxious process of submitting monthly checks. Instead, you can simply pay back your fast merchant cash advance in one of two ways:

We can collect our mutually agreed upon payment using a fixed percentage of daily sales made via credit card.

OR

We can agree upon a pre-scheduled Automated Clearing House (bank-to-bank transfer) withdrawal from your business account.

We invite you to choose which option works best for your needs.

How much does it cost to get a merchant cash advance?

At Sapphire Consultants Funding, we want financing to be affordable. That’s why there are no compounding fees or accruing interest.

Based on your unique business, situation and needs, we will work together to determine a specific, fixed cost. This means no add on fees or sneaky interest later. We want to make sure we get your full approval and confirmation on a set price, answering all questions before signing any papers. To learn more or ask such questions now, just give us a call at (929) 409-3580.

Does it cost anything to apply or get approved for financing?

There is absolutely NO cost to applying or getting approved for business funding.

Will I qualify?

We are not as strict as traditional bank lending. You probably qualify for a merchant advance cash if:

You’ve been in business for at least 6 months.

The business brings in at least $10,000 in sales per month.

You have no open bankruptcies.

When would I not qualify?

We are passionate about connecting with businesses and helping them expand through business funding, however, to offer such easy, simple business financing, there are times a business cannot be approved at the moment. For example, a business may not be approved for funding if:

The business has been open less than 6 months.

The business has an open bankruptcy.

There are significant judgments and/or liens without a payment plan.

How Often Can I Get Business Funding?

If you are in good standing and have paid 50% of the original balance you owe on an advance, we typically can provide additional funds as requested.

I need to pay off another debt. Can I use a Sapphire Consultants Funding loan to refinance or pay off another debt?

Yes; Sapphire Consultants Funding financing can be used to pay off other obligations as long as the business owner is still able to net at least 50% of the proceeds themselves. Concerned about this? Your personal funding specialist will be able to help; just give us a call at (929) 409-3580 to discuss further.

Will my credit history be reviewed?

As part of the qualification process, credit history will be reviewed, but don’t panic. Whereas traditional small business loans from banks heavily focus on credit history, it is not the primary decision tool for pricing or financing approval.

Only our Premium Programs put a larger focus on a business owner’s credit history.

Would I, the business owner, have to pledge collateral for the loan?

Most of clients do NOT need pledged assets or pledged collateral. There are some exceptions; you can discuss this with the trained funding specialist who will be assigned to you. Ask this question and any others you may have giving us a call at(929) 409-3580

Are there limits on how I can use my cash advance?

NO. Once you are granted a merchant cash advance, you are free to allocate the money where and how your business needs it most. After all, it’s your business.