An Ideal Business Funders Cash Advance is a convenient alternative used by thousands of small business owners much like yourself to finance their working capital needs. Ideal Business Funders provides working capital to help you run your business, whether you’re expanding , purchasing inventory, advertising, or even in an emergency – in fact you are able to use the money for any one of your business needs. There are no fixed payment schedules, and approval is based on your business history. We give you cash upfront in exchange for an agreed upon percentage of your future income.

Ideal Business Funders will provide your business up to $500,000  in working capital! The minimum advance we offer is typically $5,000.

With our Cash Advance program you can receive an advance of up to 200% of your average monthly major credit card sales and up to 50% of overall bank deposits. For example, a business that processes an average of $20,000 per month can qualify for up to $40,000 in working capital.

That’s the beautiful thing about a Ideal Business Funders Cash Advance, there is no interest rate! It’s an advance, not a loan. We charge a one-time flat fee for the money in exchange for your future credit card receivables or banks deposits. The advance gets paid back as a percentage of your sales each time you batch out until the entire amount is satisfied. This is called Factoring.

One of the main benefits of a Ideal Business Funders Cash Advance is how quickly we can provide working capital to your business. With proper documentation, we can provide an approval on your application within 24-48 hours and we can wire you the funds within 5-7 business days!

The process is simple. We require:

1.) A short, one page application

2.) Four most recent credit card processing statements

3.) Three to twelve months of bank statements

4.) Copy of drivers license

5.) Business license

6.) Voided business check

This is one of the main areas we differ from a bank loan. Since there is no personal guarantee, we don’t require that you have a certain credit score. Bad credit is not a problem. Even tax liens are ok with an explanation or payment plan. All we ask is that you have no open bankruptcies to be eligible.

Clients must either own their location or have at least one year left on their lease.

Payback of the advance is made through an automated deduction of an agreed upon percentage of your net settled credit card sales until the purchased price is satisfied or we use an ACH to pull the funds directly from a business bank account.

The process is automated and seamless so when you “batch” out your credit and debit card sales (typically daily), your processor will automatically forward the agreed upon percentage of those sales to Ideal Business Funders. The best part is there is no fixed payments! Since payments to Ideal Business Funders are based upon a fixed percentage of your sales, if your sales go up you pay back the advance faster and if your sales are down, the advance is paid back a bit slower. We only get paid when you get paid. This helps you to better manage your cash flow. Everything is automatic so you never have to worry about writing checks, making monthly payments, late payments or escalating interest rates like you would with a bank.

We typically withhold between 10-30% when you settle out nightly to pay-back the advance. The percentage can be a little higher or lower depending on your business’ overall cash flow, and also will be based upon how much capital you require.

No. There is no fee to apply for the program.

You will be eligible for a renewal opportunity once you have paid back 50-60% of your current advance. The majority of our clients renew for additional working capital at least once a year.

Restaurants, bars, medical offices, seasonal businesses, clothing stores, liquor stores, spas, hair/nail/tanning salons, dry cleaners, bookstores, music stores, accessories, gift/stationary stores, coffee shops, eyeglass stores, hosiery stores, beauty shops, movie theatres, parking garages, sporting goods stores, florists, and gourmet/ specialty food stores.

Sorry, we don’t fund pornographic shops, escort services, gambling services, or tattoo parlors.