Business Cash Advance

A Merchant Cash Advance is a flexible alternative to a business loan. It is a funding product allowing small business owners to access working capital now by selling a portion of their business’ future credit card sales. It might also be called credit card receivable funding, credit card factoring or a business cash advance, depending on the provider, person, or forum talking about the product.

While it might be called many things, a Merchant Cash Advance is the most common name for it. A Merchant Cash Advance is not a loan A Merchant Cash Advance is a purchase and sale. A qualified business will sell a portion of its future credit card sales in exchange for immediate access to business capital. The Merchant Cash Advance provider purchases a fixed amount of a business’ future credit card sales.

Royal Pacific Enterprises has teamed up with AdvanceMe, Inc. (a wholly owned subsidiary of Capital Access Network) the leading merchant cash advance company in the USA. We are excited about being selected by AdvanceMe as their sales and marketing vendor to the hospitality industry. We are pleased to be  associated with this pioneering company. They have served almost 40,000 customers in all 50 states and have provided more than 80,000 advances in funding in excess of $2 Billion in working capital. As the pioneer of the Merchant Cash Advance Industry, AdvanceMe prides itself on helping small businesses meet their working capital needs.

Their growth and longevity (they were founded in 1998) are testaments to their ability to supply the funds needed to sustain and expand the businesses of our customers. AdvanceMe’s superior processes incorporate years of data gathering to support responsible funding—something no other provider can claim. Let our accumulated data, systems and technology go to work for you, and find funding that fits your business.

Because we make Merchant Cash Advances safe, easy, and flexible, 3 out of 4 eligible customers return to do business with us again. The company operates with its own equity and a $187.5 million credit facility (the largest in the industry) from prominent financial sources such as Wells Fargo Capital Finance, Brown Brothers Harriman, and Fifth Third Bancorp.