What does cash advance mean?
Why would I want to use cash advance?
How do I become qualified?
What documents do I need?
What is it going to cost me?
How much can I get?
What can I use the money for?
Do we need to show how we spend the money?
Do we need to personally guarantee the money?
When will I find out if I am approved and when do I get the money?
Are there industry limitations?
I already have a cash advance, can I switch over?
Do I need to switch my processor?
Can I renew and get more money?
What makes you different from other cash advance companies?
Do you work with brokers?

Q: What does cash advance mean?

A: Cash advance simply means that money is given to a business owner based on their current credit card receipts and will be repaid by giving a portion of future credit card receipts to our company until we collect the money given. Since we give guaranteed money to approved clients today and future credit card receipts are not guaranteed, we give this money at a discount.

Q: Why would I want to use cash advance?

A: Cash advance is the easiest, fast, and least expensive way to get money for small business owners. Since the advance is mostly based on credit card receipts, we do not need collateral, personal guarantees, bank statements, or taxes. The simple process also allows us to avoid charging the closing fees bank charge for processing, appraisals, and underwriting. If you need fast money and want to avoid all the documentation banks want, cash advance is the best program for you.

Q: How do I become qualified?

A: If you own a business for 3 months or more and accept credit cards you are fully qualified. The program is best for those needing to get an advance for 6 months or more and that average $8,000 or more in credit card receipts per month.

Q: What documents do I need?

A: Very little. No tax returns. No personal financial statements. No projections. No appraisals. No equipment or inventory lists. No balance sheets. No profit and loss statements. All you need to get a quote is a completed application, copy of your business license, copy of your driver's license, and a single bank account statement to show you have an active account.

Q: What is it going to cost me?

A: It will cost you nothing. We do not charge any application fees, processing fees, or closing fees. We even provide a no-cost, no-obligation proposal before the advance and offer clients a renewal of their advance at no cost. We wave these fees to show our continued support for the Latino small business community.

Q: How much can I get?

A: Clients have the opportunity to receive from $8,000 to $400,000 per location. We also can offer larger lines if you own multiple businesses.

Q: What can I use the money for?

A: The best part of cash advance is that you can use the money for any business related need. Some use it to consolidate debt, hire staff, advertising, expanding an office, buying inventory, or many other things. We help you get money quickly and then it is up to you to spend it on your business in the best way possible.

Q: Do we need to show how we spend the money?

A: No.

Q: Do you need to personally guarantee the money?

A: No. Unlike a loan, we never require a personal guarantee.

Q: When will I find out if I am approved and when do I get the money?

A: You will be contacted by a representative within 24 hours of submitting the on-line application. If pre-approved, you will need to submit a full application which will then get you a proposal. Once the proposal is approved we fund within 3-5 business days. Generally, the entire process takes from 7-10 business days.

Q: Are there industry limitations?

A: No. As long as you take credit cards we will finance almost any industry.

Q: I already have a cash advance, can I switch over?

A: Absolutely. Our advance rates are one of the lowest in the industry. Apply today and a company representative will discuss your options with you.

Q: Do I need to switch my processor?

A: Since we generally match or beat any processing rates and offer leading terms we do not see a reason why you would not want to switch. However, clients have the option to stay with their current processor.

Q: Can I renew and get more money?

A: Absolutely. Over 72% of our clients renew and over 50% receive larger advances. Once you pay back 50% of your current advance we will review your situation and may even renew you automatically.

Q: What makes you different from other cash advance companies?

A: Our greatest benefit is our experience working with Hispanic business owners. We understand the culture, speak the language, and the unique business concerns of the Hispanic community. Our staff works with each client to make sure no matter what is happening in their business, Espanol Capital is always there to support you. By supporting you we support our entire Hispanic business community and that is why we treat each client like family.

Q: Do you work with brokers?

A: Our company always feels privileged if someone from our community appreciates our services enough to refer us. Please fill out the application as a broker and one of our representatives will contact you within 24 hours to discuss how we work and the compensation structure.