Merchant Funding

Providing Business Loans,
Lines of Credit, and More
to Clients in Florida; Hartford, CT; Philadelphia, PA; and the Entire Country

At Advance Smart, we offer a variety of merchant funding and business financing options. Some of our business loans include amortized loans, hard money loans, short-term loans, unsecured loans, working capital loans, and lines of credit. If you are interested in learning more about any of these financing options, please continue reading on or get in touch with our loan brokers today.


We take pride in a being a trusted source of business financing for companies throughout the country, including Florida; San Diego, CA; Boston, MA; Hartford, CT; Springfield, MA; Chicago, IL; Houston, TX; Phoenix, AZ; Philadelphia, PA; Dallas, TX; and beyond!

SBA Loans and Hard Money Loans

  • Loan amount is case by case and depends on the request
  • Up to 75% LTV (Loan to value of collateral)
  • Programs range from 1 year to 25 years
  • Cost for an SBA loan is around 6.25% plus prime annually
  • Cost for a hard money loan is between 4.65% and 12% annually
  • Payments made monthly by check
  • No open bankruptcies and no tax liens
  • Minimum $25,000 gross monthly volume is required
  • Minimum 3 years in business required
  • Interest can be written off in business taxes using a 1099-INT form
  • Minimum 640 FICO to apply with 3 years of tax returns personal and business with YTD financials

Term Loans

  • Receive up to 25% of your annual sales
  • Term loans range from 2 to 4 years
  • Term loan / secured loan APR is from 8.99% to 12.49% annually
  • Fixed payment is an ACH bi-weekly and monthly payments
  • Bankruptcies must be discharged one year with paperwork and tax liens in a payment plan
  • Minimum $25,000 gross monthly volume required
  • Merchant must net at least 50% of the loan after the payoff of a current balance
  • Minimum 2 years in business required
  • No negative days in the bank statements, prefer profitability in the tax returns
  • Interest can be written off in business taxes using a 1099-INT form
  • Minimum unsecured loan FICO is 480, secured loan is 620 to apply with 6 months of bank statements

Lines of Credit

  • Asset Based LOC
  • Up to 75% LTV (Loan to value of collateral)
  • Programs range from 1 to 7 years
  • Cost is between 7% and 12% APR
  • Minimum 1 year in business
  • Payments made monthly
  • Minimum 660 FICO to apply with 6 bank statements and debt & real estate schedule


  • Receivables Based LOC
  • Up to 85% of 70% of the A/R (Accounts Receivables)
  • Term is revolving
  • Cost is between 10% and 15% APR
  • Minimum 2 years in business required
  • Payments made monthly
  • No minimum credit to apply with 6 bank statements, A/R and P&L with balance sheet


  • Revenue Based LOC
  • Up to 125% of monthly gross sales
  • Term is 12 months
  • Cost is around 2% per month, simple interest
  • Minimum 6 months in business required
  • Payments made weekly or monthly
  • Minimum 620 FICO to apply with 6 bank statements

Unsecured Loans

  • Receive up to 150% of monthly sales, 35% to 50% for bad credit
  • Programs range from 3 months to 24 months
  • Cost factor is between 1.12 and 1.45
  • Payments made daily, weekly, bi-weekly or monthly
  • No open bankruptcies, tax liens must be in a payment plan
  • Minimum $5,000 gross monthly volume is required
  • Minimum 3 months in business is required
  • Interest can be written off in business taxes using a 1099-INT form
  • Minimum 500 FICO to apply with 6 months of recent bank statements

Merchant Cash Advances

  • Receive up to 200% of monthly credit card processing, 50-100 % for poor credit
  • Programs range from 3 months to 15 months
  • Cost factor is between 1.20 and 1.45 (1.06 for over 150K monthly processing)
  • No more than 12% of monthly gross sales can be debited
  • Repayment can be a split batch, lockbox or ACH
  • Bankruptcies must be discharged one year with paperwork and tax liens in a payment plan
  • M10 batches monthly and minimum $3,000 in monthly processing required
  • Minimum 2 years in business required
  • Interest can not be written off in business taxes using a 1099-INT form
  • Minimum 500 FICO to apply with a signed application and your SBA commitment letter

Invoice Factoring

  • Receive up to 90% of approved invoices up front, remaining 10% funded upon receipt of payment
  • Programs range from 3 months to unlimited
  • Cost is between 1% to 1.6% per 30 days
  • Any current second position UCC loans and advances must be paid off
  • Invoiced customer must agree to pay the factoring lender direct
  • You choose the invoices to factor. Others require all invoices to be factored
  • No credit check for customers or merchants
  • Apply with an accounts receivable summary, inventory aging summary and a list of current debt

Equipment Leasing

  • Loan amount is 100% of the purchase price of the equipment being leased
  • Programs range from 2 to 4 years
  • Cost for equipment leasing is 1.89% per month
  • Payments made monthly by check
  • Bankruptcies and tax liens are handled case by case
  • Minimum $25,000.00 lease is required
  • There is a $1.00 buyout option for every lease
  • Minimum 600 FICO to apply with an application and full equipment specifications and photos

We Also Provide Many Credit Card Processing Options at the Lowest Rates.

  • Pass through rates available
  • No application or setup fees
  • Approvals within 24 hours
  • Split batching for merchant cash advances
  • Free processing fee review and comparison within 1 hour
  • Next day deposits available with a $50.00 or less average ticket and batch by 7:00pm EST.
  • Free credit card terminal to be returned upon termination available
  • We cover $295.00 of the competitor's early termination fee
  • Personalized gift cards available
  • High speed ethernet and wireless terminals available
  • PC gateways, shopping carts and smart phone card readers available
  • Apply with an application, driver's license and voided business check

What if I have questions?
Just call 
860-952-3709 to speak to an Advance Smart customer service representative 24 hours a day/7 days a week. Every business owner is assigned a free personal funding advisor.

How do I get started?
To get started simply 
Apply For Funding and a funding specialist will get in touch with you shortly. You can also choose to call us toll-free at 860-952-3709.

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