There is no obligation and no cost whatsoever when you apply for funding from Prime.
The amount of funding available to your business will depend on a variety of factors. Our offer will be tailored to your specific situation. Based upon your needs, finances and business revenue, we’ll work together to create a package that works best for your business.
A reasonable expectation is between 6-15% of your gross annual sales. Contact us today to determine exactly how much you’re qualified to receive.
Not only is the application process quick and easy, our approval process normally completes within a few hours. Funds are typically delivered the next business day after approval.
You may qualify for one of our financing options if your business has:
– Been in business for at least 3 mos.
– At least $120,000 in revenue over the last 12 months
– 3 months of business banking statements
– No open bankruptcies
Your credit score is only one of many factors Prime Merchant Funding uses to determine your eligibility for funds. It is NOT the primary decision criteria for loan approval. And, perfect credit is not required.
We do NOT require any of your assets to be assigned as collateral.
We perform a “soft pull” credit check after you apply for funding. This process will not leave a footprint on your credit report.
Time frames are determined on an individual basis. They normally range from 6 to 36 months, but can go up to 60 months.
Unlike a bank loan, you are free to use the funds for any business purpose. At Prime, we believe you know your business needs best.
Repayment consists of a small daily or weekly fixed payment. You’ll never need to worry about coming up with a large monthly payment. Small daily or weekly ACH payments ensure you won’t need to be concerned about sending in checks or missing due dates.
You can repay your outstanding balance at any time without incurring any new charges.
There are no pre-payment penalties.