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Apply for a Small Business Loan

Stacks of coins arranged from shortest to tallest

Working Capital Funding your business needs

Stay ahead of your competition

Applying for a Small Business Loan with VMS can get your business the working capital it needs to grow without the hassles of applying for a traditional bank or SBA loan.  Get up to $250,000 in under 72 hours.

What you can do with
additional working capital

Purchase Needed
Equipment/ Remodels & Repairs

Maintain Higher Inventory
Levels to Meet Demand

Refinance
Debt/Cash Flow

Ready to Get Started?

Speak with a business specialist.

Request a Free Quote

Features & Benefits

Your Business is Ready to Grow

Investing in your business keeps you ahead of your competition, but great new ideas cost money. Working Capital Funding from Velocity Merchant Services will give you the resources you need to fund the growth of your business keeping you ahead of your competition.

 

 

Avoid Bank or Loan Hassle

Working capital from Velocity Merchant Services is based on your current business revenue and not just your credit card processing volume. This means there is no collateral, no hidden fees, and no stacks of paperwork to fill out. You are free from all the hassles of a traditional bank or SBA loan. We will work with you to quickly and easily get you the cash you need to grow your business.

Freedom to Expand Your Business

Once you’re approved, the money is yours to do with as you please. When you process with us, the money is paid back in proportion to your sales. This relieves the pressure of having to make monthly payments and gives you the freedom to focus on the parts of your business you love most.

 

 

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Frequently asked questions

What is the interest rate on the money?

Clover Capital with VMS is not a loan, so it doesn’t carry any interest rate. VMS  is simply purchasing future card receivables for a discount today.

What is the term of the money?

There is no fixed payback schedule. We take a percentage of your future credit card sales until we are paid back. If your sales slow down, our payback slows down.

What percentage is usually taken?

The percentage varies based on how much money you want in advance compared to your monthly sales. It’s typically between 8-20%. Our goal is to help you grow your business and not to interrupt or hurt your overall cash flow.

How much will I qualify for?

You typically qualify for whatever you process in credit card sales

What if I have bad credit?

Credit is only one of the numerous factors used to make an approval or decline decision for Working Capital.

What if I pay it off early?

There is no prepayment penalty.

How long does it take to receive funds?

If we have all the documents required you can receive funding as quickly as 72 hours.

Do you pull my personal or business credit?

If we don’t have recent credit information already on file from the underwriting process for merchant processing we do need to pull credit. We only perform soft credit pulls.

Can I take a Working Capital advance if I already have an existing creditor obligation?

In most cases you will need to pay down existing obligations with the fund received through Working Capital. In a limited number of cases they may consider taking a second position.

Can I take more than one Working Capital advance?

Yes, you can request another advance once you have made 60% of the payments on your current advance (for advance amounts >$5,000). However, you cannot have multiple open Working Capital advances at once under the same merchant ID.

Why is Working Capital more expensive than traditional business loans or LOC’s?

Working Capital isn’t collateralized by assets and doesn’t require a personal guarantee, making it more risky than traditional business lending products. As such, the discount rate set on future receivables need to compensate for this risk.

Are there any hidden fees?

No, not at the present time. In fact, a merchant with an outstanding Working Capital advance must keep their processing with VMS in order not to be in breach of their Working Capital agreement.

Will you come after personal assets if I don’t pay my advance back?

No, Working Capital isn’t a business loan and doesn’t require a personal guarantee, so legally we cannot seize assets. However, they reserve the right to make UCC filings to alert other creditors of its position and partake in available proceeds in the event of a business liquidation.

What can Velocity Merchant Funding do for my business?

A customized funding program is designed to give you access to the capital that you need today. You will receive as little as $3,000 up to $250,000 based on your current business revenue and not just credit card sales receipts. You are then funded within a few days.

How can I get funding?

You need to have documented business revenue for at least six months and it does not have to just be credit card processing. Velocity Merchant Funding will give you the working capital that you need based on the strength of your business. The more you have in revenue, the more funding you will be approved for. The entire process is simple and easy for you.

How long will I have to wait to find out if I have been approved?

Your pre-approval is usually obtained within 24 hours. Your funding can take as little as 72 hours depending on the amount of the transaction and the time it takes to receive any necessary documents.

Is Velocity Merchant Funding a loan?

No, this is not a loan. It is a purchase of future credit card receivables/receipts. Velocity Merchant Services shops amongst various funding companies to get you the best deal. It is more flexible and much easier to get approval for than a bank loan or SBA loan.

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Speak with a business specialist.

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Velocity Merchant Services

3051 Oak Grove Rd. 2nd Floor
Downers Grove, IL 60515
Phone: 888-902-6227
Fax: 888-902-6229
info@getvms.com

Velocity Merchant Services (VMS) is a registered ISO of Deutsche Bank Trust Company Americas. The Clover® trademark and logo are owned by Clover® Network, Inc., a First Data company. EMV® is a registered trademark in the U.S. and in other countries, owned by EMVCo, LLC. Apple Pay®, Apple, the Apple logo, and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. All other trademarks, service marks and trade names referenced in this material are the property of their respective owners.

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This all-in-one POS solution includes everything you need to streamline your business. 

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