a form of payment from their customers. We structure a cash advance to businesses that are in need of working capital, advertising and marketing budgets, equipment purchases, renovations and expansions and many other business situations. We provide flexible terms and small business support to all our Client's with the goal of assisting our Clients in achieving their business goals. Our Clients benefit from a broad range of business experience and industry knowledge, working with our specialized Funding and Small Business Advisors.
BFS caters to the small business owner. BFS concentrates on those businesses that would like to market their products and services to a wider audience. Many times, media sources will not or cannot extend credit to new advertisers. BFS advances the money to the media source on behalf of the advertiser. Therefore, keeping the advertisers cash flow in check while the media is running and even after the campaign is over.
BFS provides receivables financing to restaurants and small retail businesses with strong cash flows from credit card transactions that can't finance their business development and expansion through traditional financing.
A merchant that meets our underwriting requirements receives a cash advance up to $300,000 payable with payments withheld directly from their credit card sales.
The funding process is simple, the advertiser fills out an online application, a funding advisor contacts the merchant and collects the necessary information to underwrite the Business Cash Advance. The merchant is "Advanced" this purchase and BFS collects payments from a percentage of their credit card transactions.