A Merchant Cash Advance provides a business owner access to fast and easy capital, by leveraging their future credit card sales. This type of capital is best used to pay for items that will provide a good return on investment (ROI), like preparing for a large event or adding extra seating.
Why use Bluestar Cash Advance?
Private Capital - Bluestar has access to private money. This means we are not bound by the underwriting rules most of our competitors face which use institutional money.
Flexible Collection Terms - We have the ability to offer terms that range from 30 days to 12 months, depending on your needs and ability to qualify.
Easy Renewals - Once you are on the Bluestar Funding program, we are able to get advanced renewals as quickly as two days.
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- Assume your credit card sales average $10,000 per month.
- You agree to sell $14,000 of your future credit card sales for a discounted price of $10,000.
- We fund you $10,000 on January 1. (The $10,000 is called the purchase price)
- You allow us to collect 20% of all future credit card sales until we have collected $14,000 (specified amount)
- We collect 20% of each day’s batch activity, for the first month
- ($10,000 in sales x 20% = $2000)
- We continue to collect the same amount each month until the full specified amount has been collected – in this case, 7 months.
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