E.A.Enterprises
Premier Merchant Cash Advance
. .Program
..Merchant Cash Advances provide businesses with immediate
working capital in exchange for selling their future credit card
receivables.
..Merchants can meet their cash needs today
..Equipment Upgrades & Inventory Management
..Advertising and Promotional Spending
..Expansion and Remodeling
..Debt Payments
..Product = Its an Advance, not a loan!
..Purchase of future credit card receivables
..Targeted to Prospective AND Existing Customers
..Merchants MUST process with Dice 7, Inc before funded
We provide immediate cash to a merchant in exchange for a percentage of their future V/MC sales.
Problems:
1.Insufficient Credit or
Collateral, or Years in
Business
2.Need For Flexible
Payment Terms
3.Urgent Need
for Cash
4.Do not meet the minimal requirements needed:
**Merchant pays
when Merchant
gets paid
**Funds available in
5 ? 9 days
We serve a broad range of merchant segments.
Target List
1. Auto repair shops
2. Restaurants
3. Convenience stores (except
those attached to gas stations)
4. Delicatessens
5. Hair and nail salons & spas
6. Liquor stores
7. Bars and Night Clubs
8. Florist
9. Most Brick and Mortar retailers
Basic Eligibility Requirements
1.In business > 6 months
2. More than $2,500/month of
processing volume
3. Greater than 15 batches per
month
4. Minimum of 9 months
remaining on lease
5. No open bankruptcy
6. Not on MATCH list
Merchants from over 140 MCCs have participated in our program.
Merchants receive immediate working capital for their
business within 5-9 business days to support growth.
1. No personal guarantees for repayment (except in cases of fraud)
2. No security interest taken in home, business, equipment, or inventory
(except in cases of fraud)
3. No points or upfront fees
4. No fixed monthly payments
5. No coupons or checks to write
6. No impact on their ability to qualify for other financing
7. No business use restrictions on the funding
8. No hassles -quick application & fast funding
**Over 80% of qualified merchants are approved
Money made simple!
1. 80% Approval Rate
2. Mid 400 FICO Score
Acceptable
3. Fast Cash
4. No Personal Guarantee
5. No Collateral/Liens
SURVIVAL
Profile
6. Convenience Capital
7. Expansion/Unexpected Expense
1. Fast Cash
2. No Business Restrictions
3. No Hassles
4. Up to 250% of Monthly
Processing Volume
HOW IT WORKS
Key Stats & Underwriting Criteria
1. Average Advance = $23,000 or 150% of monthly V/MC volume
2. Average Amount of Card Receivables Purchased = $31,050
3. Discount Paid on Receivables = 26% (for the 6 month program) and 31% (for the 8 month program)
4. Average Payback Timeframe = 6 or 8 months
5. Average Daily Receivables Purchased = 20% -25%
Calculated Scenario: (6 month program)
Merchant Advance = $10,000
Payback Amount = $13,500
($10,000 = 74% of $13,500 thus discount rate is 26%)
Cost of Cash Advance: $3,500 / 180 days = $20.00 per day
* Rules of Thumb:
Maximum Payback < 10% annual gross sales
* Maximum Daily Payback Percentage, 50% batch totals
WHAT IS NEEDED:
1. Application
2. copy=last 4 months of processing
3.Photo Id
4.Voided business check
E.A.Enterprises
ea.enterprises@rock.com
Don Anderson 877-743-2881
619-952-6211 cell
