First Impressions Funding
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Overview: Information on First Impressions Funding
First Impressions Funding is a company that deals with credit card receivable factoring. They advance over $45 million dollars annually to over 3000 businesses that qualify for up to $250,000 in unsecured cash advances using assets that most companies don’t utilize – future credit card sales. In a nutshell your company is selling income that will be received in the future to your company through credit card sales for instant cash.
A reason why First Impressions Funding is so popular is because they have 97% approval rate this is fast and easy. If a company has a poor credit history they still qualify – even no credit is accepted so that companies that are just starting out with no credit history or those that have struggled paying initial loans can still qualify. First Impressions Funding also promises to lower processing fees and has an automated payback with no fixed payments.
First Impressions Funding has sales offices located all through the United States and offer a personalized customized business program that will meet individual company needs. They also advertise that money can be transferred into business accounts in as little as 48 hours after approval which can be very beneficial for companies that are struggling for instant cash in a hurry.
So what kinds of credit cards does First Impressions Funding work with in the United States? All credit card types including Visa, Mastercard, American Express and Discover. They will look at how much monthly credit card sales you process each month and advance you cash accordingly. You won’t have to set up a fixed payment schedule with them because they get paid when you get paid and you are free to use the funds however you choose.
There are some stipulations to be accepted into the program. Your company must have a merchant account processing Visa and Mastercard and have had this account for at least 60 days. Your company must be in good standing with all landlords as they do perform Landlord Verification Calls. Finally, your company cannot have had any open bankruptcies in the last year.
First Impressions Funding seems to be an interesting option for those small businesses that have been looking for financing to develop and grow and have not been able to do this through conventional means such as small business loans or grants. Please research thoroughly any financing options that you choose for your company and ensure there are no hidden costs or clauses that will leave your company in jeopardy. As in any good business decision, preparation, thought and research will go a long way in ensuring you make the proper decision for long term prosperity.
A reason why First Impressions Funding is so popular is because they have 97% approval rate this is fast and easy. If a company has a poor credit history they still qualify – even no credit is accepted so that companies that are just starting out with no credit history or those that have struggled paying initial loans can still qualify. First Impressions Funding also promises to lower processing fees and has an automated payback with no fixed payments.
First Impressions Funding has sales offices located all through the United States and offer a personalized customized business program that will meet individual company needs. They also advertise that money can be transferred into business accounts in as little as 48 hours after approval which can be very beneficial for companies that are struggling for instant cash in a hurry.
So what kinds of credit cards does First Impressions Funding work with in the United States? All credit card types including Visa, Mastercard, American Express and Discover. They will look at how much monthly credit card sales you process each month and advance you cash accordingly. You won’t have to set up a fixed payment schedule with them because they get paid when you get paid and you are free to use the funds however you choose.
There are some stipulations to be accepted into the program. Your company must have a merchant account processing Visa and Mastercard and have had this account for at least 60 days. Your company must be in good standing with all landlords as they do perform Landlord Verification Calls. Finally, your company cannot have had any open bankruptcies in the last year.
First Impressions Funding seems to be an interesting option for those small businesses that have been looking for financing to develop and grow and have not been able to do this through conventional means such as small business loans or grants. Please research thoroughly any financing options that you choose for your company and ensure there are no hidden costs or clauses that will leave your company in jeopardy. As in any good business decision, preparation, thought and research will go a long way in ensuring you make the proper decision for long term prosperity.
First Impressions Funding - To learn more about this author, visit Jessica DeLaney's Website.
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