Business owners who are struggling with day to day expenses and looming overhead costs often times turn to non-bank funding when traditional banks will not lend. Non-bank funding programs are commonly referred to as MCA, short for Merchant Cash Advance. MCA funding does not require a perfect credit score, bad credit is ok. MCA funding is available on a consistent basis as most repayment terms are less than two years and advances can be renewed. It is possible for a business to obtain multiple rounds of funding within a very short period of time.
Bravertek specializes in consulting businesses on the acquisition of non-bank funding. We can help your business obtain from 1,000 to 2,000,000 in short term working capital. Contact us today for a cost free business analysis and consultation.
A merchant cash advance or MCA provides fast working capital to small businesses. The funding is guaranteed by a businesses future receivables. A specified percentage of future credit card sales or a fixed daily payment will be assessed to repay the advance plus the finance fee. The advance provider will determine a reasonable advance and daily re-payment amount.
MCA's have recently gained popularity, this could be due to many factors including a fast application process and easy to understand terms. Many new advance providers are entering the market making much needed capital available to business owners. Additionally, Merchant Cash Advance programs allow business owners with bad credit to still obtain funding.
Bravertek specializes in MCA business funding programs in the United States, Canada and Puerto Rico. Contact us for more information or click below for a quote.
Second position merchant cash advances also referred to as "stacking" are becoming very popular with businesses who are seeking additional working capital. A second position advance allows a business to obtain additional funding on top of an existing working capital advance or loan. Second position advances are easily obtained by businesses who have recently received funding from a traditional cash advance provider.
Bravertek specializes in multi-position merchant advance programs. Referral partners and ISO offices wanted. Contact us for more information.
Booming retail and online sales this holiday season are signs of increased consumer confidence in the economy. The increase in spending is forcing merchants to meet the demand by stocking up on inventory. The problem is that many merchants do not have the working capital or available credit to meet the increased demand. Unfortunately, this will put many businesses quickly out of inventory and out of business if they cannot keep up.
Many merchants have chosen to look into alternative forms of funding when big banks and credit card companies have failed them. Funding programs that are not available through big banks are often overlooked. Many small business owners would be surprised that funding programs are available!
Bravertek specializes in helping small business owners with bad credit get business loans and unsecured funding. Banks have very stringent standards and high documentation requirements, Bravertek does not. Bravertek simply takes a look at how much revenue your business produces on a monthly basis and we determine a reasonable re-payment plan that you can afford. With our network of over one hundred lenders and advance providers we have a 90% application approval rate.
We ask that you provide your most recent business bank statements and a one page application. We can get your business approved for up to two million dollars in less than one day. Our advances are completely unsecured with no collateral requirements, just your signature. Our business funding program has no minimum FICO credit score to qualify. Contact us today to discuss the details and get a free no obligation business funding quote.
As an independent business loan broker you will have the ability to help your business clientele obtain unsecured working capital and earn a commission. We lend to businesses in the USA, Canada and Puerto Rico. Our business loan programs are privately funded, so we don't have to deal with the strict requirements of traditional banks.
90% of applications are approved and funded within three days upon receipt of the initial application paperwork. Commission payouts are always paid immediately via direct deposit. Our business loan broker program has no minimum production quota.
With no minimum FICO score requirement we approve business loan applicants with poor or bad credit. We look at a businesses monthly receivables to determine if the business has the ability to repay. Unlike the big banks, we work with all business owners to help them obtain the financing they need to grow their business. Loan amounts range from 5,000 to 2,000,000!
Contact us today to discuss becoming a business loan broker!
Large Commercial Real Estate Loans are now available in Puerto Rico. Hospitality (Hotels), Multi-Family, Retail, Malls, Industrial, Office and Special-Purpose. Loan requests from $10 million to more than $250 million and a myriad of options for flexible loan structures. Financing executions provided include:
Searching for good cloud hosting and business collaboration software solutions is not easy. Various options exist, all at different price points, all having some pros and some cons. Should you store your data in the cloud? Should you store your data in remote server? How do you keep information secure yet easily accessible to employees and contractors? These are the questions being posed to business owners of all sizes. With data security measures being ramped up at the largest corporations around the world it is a wise choice for small and medium sized business to follow suit.
Google has answered the call from business owners who need a scaled solutions for all aspects of business management. Google Apps For Work is easy to use and cost effective for organizations of all sizes. At only $5 per month per user with no additional setup fees and 24/7 customer support is by far the most cost effective solution in the industry when you add up all the services Google offers.
Click Here for more information on Google Apps For Work.
Medical marijuana dispensary merchant account and credit card processing services are now available! If you are operating a registered marijuana dispensary with an established bank account you may qualify for a merchant account. By offering patients the ability to pay with their credit card you will gain a loyal following and customer base. Not all medical marijuana dispensaries accept credit card payments and they are losing sales every day because of it. Contact us today or complete a merchant account quote request to see if your dispensary qualifies for credit card processing services. Services also available for mobile dispensaries.
China-UnionPay recently launched Shop The World which gives foreign merchants access to the Chinese eCommerce consumer market. UnionPay has partnered with a select few payment processors in the United States to facilitate payments from US based merchants who are looking to sell their products in the Chinese market. The Chinese consumer market is the largest and fastest growing in the entire world. In addition, UnionPay is the most widely issued card type in the world and almost all Chinese citizens have one. UnionPay is owned and operated by the Chinese government and they keep tight restrictions on foreign sellers by making all sales route through http://haigou.unionpay.com/ (Shop The World). Even with the restrictions placed on foreign sellers this new opportunity from UnionPay to access the Chinese online payments market is groundbreaking and many major US businesses have jumped at the opportunity. Bravertek specializes in UnionPay acceptance services. To learn more contact us today.
Small business loans are now available in Puerto Rico. Attractive rate and term for established brick and mortar businesses. To qualify your retail business or restaurant must have a minimum of one year in operation. Loan amounts range from 5,000 to 500,000 (USD). A minimum of 5,000 per month in total sales is required. You must also accept credit card payments at your place of business. Bad credit is OK! Fast funding usually within three business days upon receipt of application documents. Contact us for more information about business loans available in Puerto Rico.
As most people use a smartphone in day to day life mobile payment companies and technologies seem to be springing up faster than ever before. We have counted over five hundred different mobile payment technologies developed last year in just the United States and Canada. And these are not all of the technologies that are available, many more are being developed and released every day. The widely popularized SquareUp seems to have launched a revolution in the mobile payments market through it's innovative technologies and design concept. Although, we are still waiting to see who the winner will be.
Medical professionals often use short term business loans and working capital for acquisition, construction, expansion, improvements and new equipment purchases. Working with lenders can be stressful and time consuming. Finding the lowest rate is difficult with so many companies and programs to choose from.
Bravertek has simplified the process of healthcare business loans and working capital acquisition. As a leader in the business funding industry Bravertek works with a vast network of direct lenders throughout the U.S. and Canada. With our simple one page application you will get several quotes from direct lenders. You will be assigned a personal representative to thoroughly explain and help you through the entire process.
Our healthcare business loan program works great for...
Contact us today or click below for more information on our business funding programs.
AMEX and Airbnb have entered into an agreement and integration process that will enable AMEX card holders in the U.S. to purchase Airbnb stays by using an integrated payments system. This will make the process seamless for AMEX card holders that want to use Airbnb. AMEX card holders will be prompted to create an account within their existing AMEX online account access and easily authorize payments to over 2 million Airbnb listings around the world.
A third party high risk high risk merchant account is comprised of many businesses sharing a master merchant account. Startup businesses with no previous sales and industries that are considered restricted or to high risk for traditional providers may be good candidates for a third party high risk merchant account.
Third party merchant accounts are more expensive with rates varying around 9% and they are less reliable than a direct merchant account. Additionally, payouts may only come weekly and the provider is usually based in a foreign country. Although, a third party merchant account may be the only option for some businesses to obtain payment processing services.
If you have been turned down or labeled high risk by other credit card processors it may be a good time to look into what a third party merchant account service can do for your business.
EMV Chip credit cards are becoming the standard among consumers and now is the time for all businesses to upgrade POS technology in order to accept them or risk major liability and fraud charges. It is now mandatory for all business owners to accept chip cards, this includes mobile business owners who are used to relying on the ease and convenience of audio jack card readers like Square. Unfortunately, many mobile credit card processors have not upgraded equipment in order to meet this demand and many business owners are searching for a cost effective alternative. We recommend PayAnywhere! In addition to being one of the largest mobile credit card processing programs the audio jack card readers are now available in the Apple Store.
Purchasing an EMV chip card enabled credit card machine is something to consider very strongly if you are a business owner. October 1st 2015 is the deadline for most small businesses to have a chip card EMV terminal or they will be help liable for any and all damages due to to fraud if it takes place at their business. Bravertek has made it easy to upgrade your equipment to the latest secure EMV chip card technology. We offer a FREE chip card terminal or tablet POS along with no contract... In addition, our rates and fees are the lowest in the industry! To learn more please contact us today... We are happy to help!
So you have chosen WooCommerce and now you need a merchant account and payment gateway to accept credit card payments. Setting up a merchant account that integrates with your WooCommerce online store is very simple. We are experts in eCommerce merchant account processing and have all the tools you need to successfully open an online store. Simply apply for a merchant account and receive a free Authorize.net setup. Authorize.net is the most widely used gateway that bridges your merchant account processor with your WooCommerce store. If you need to speak with someone to answer any questions please feel free to contact us any time.
When opening a merchant account it is important to understand the fees charged by credit card processors. It is also important to know the difference between a normal fee and a junk fee. Many credit card processing companies bury hidden fees and minimums in merchant agreements. We will teach you how to identify these fees and successfully obtain a low rate merchant account.
First, let's go over some normal acceptable fees...
When you total all fees charged on a standard merchant account you should be able to compute your effective annual credit card processing rate to less than 3%. If you total up all your merchant account fees over a one year period and you effectively are paying more than 3% you should look into other processors.
Now let's go over some popular junk fees...
Many unscrupulous credit card processors will attempt to add these fees buried deep into merchant agreements. Another tactic used by these companies is to have you sign a blank application with fees left blank. It is important to stay wary of all fees that your credit card processor is charging you.
If you need help understanding your merchant account agreement please contact us today and we may be able to help you understand and reduce your current credit card processing fees. We are industry experts with years of experience in the merchant account processing field. We offer award winning customer support and have helped thousands of business owners obtain a low cost merchant account.
Lately we have been hearing many good things about ShopKeep. It appears that ShopKeep is one of the leading tablet POS systems available to restaurants and retail establishments. Merchants interviewed have told us that ShopKeep provides a solid POS interface that breaks down to detailed reporting while also being very easy to use for employees.
Business owners these days need inventory managment solutions that are fit for the modern storefront. ShopKeep is also compatible with many credit card processors. This makes it very easy to keep your existing merchant account relationship while utilizing the ShopKeep POS technology and not have to pay astronomical fixed processing charges.
In conclusion, we recommend ShopKeep to our clients who are interested in a tablet point of sale system but still need the functionality and reporting capabilities compared to a traditional PC based point of sale system.
Finding a payment processor for your business may be trickier than you think. When most credit card processing companies talk about the ease of payment acceptance and helping small business they fail to mention that many industries are not acceptable and considered high risk. Most small businesses either close or simply choose not to accept credit card payments if the major credit card processing providers decline their initial application. If you have found yourself in this position it may be time to start seeking out a high risk credit card processor. High risk credit card processors do not advertise as aggressively as mainstream payment providers do and in most cases the rate is slightly higher. You must seek these providers out on your own or use a trusted consultant to negotiate on your behalf if you are not familiar with the process. Some high risk industries include...
Bravertek specializes in working with high risk industries and we provide credit card processing (retail & eCommerce), Gateway Setup, Mobile & Smartphone processing solutions. If you have been declined or turned down by other payment processors give Bravertek a call!
U.S. Gas stations have until October 2017 to begin accepting EMV chip cards. If they do not upgrade they face a drastic increase in fraud liability. Although, most gas station owners are choosing to implement their own fraud prevention which my be a huge mistake. WEX has taken the role of encouraging gas station owners to upgrade their fuel pump payment terminals although efforts have been futile. The problem being that the major fuel companies have been selling individual stations to private owners, choosing to reduce risk by moving to the franchise business model. These individual owners are not yet sold on why EMV is such an importance to their business. The upgrade cost for making pumps EMV compliant is roughly $10,000 USD per pump. This is an expense most small gas station owners are not willing to take unless they see a real reason to do so. Sadly, some gas station owners will not upgrade and will be hit with fraud liability charges and the lesson will be learned. If you own a gas station and are not planning on making this upgrade to your gas pump terminals you had better think twice! With 30 million Americans paying at the pump each day you must assume that this will be a magnet for fraud once the deadline has passed. Gas pumps have been common targets in the past by fraudsters due to the fact that the terminal is outside and usually left unattended.
Credit card fraud is shifting rapidly to the eCommerce elements of US top credit card processing companies are reporting. This is due to the rapid shift in POS technology to be EMV and chip card compliant. This technology greatly reduces the amount of fraud at the point of sale. In the past criminals were able to easily skim card holder data but this is not the case any longer now that EMV has been introduced to the US market. Therefore, fraud has now taken a major shift to the rapid growing eCommerce segment of US credit card processing services.
Getting a restaurant business loan is simple with Bravertek. We work with various direct lenders to help you find a loan or cash advance provider that is right for your growing restaurant business. Whether you are a start up restaurant or established restaurant we have many loan options available. In most cases we can get your restaurant business loan or cash advance funded within one week of receiving your application!
We work with all types of restaurant businesses to obtain financing for new equipment and unexpected bills. Use the money for any purpose... Got bad credit? No problem! Bravertek will find a lender or cash advance provider for your restaurant.