faq

Find out how a merchant cash advance
can provide the working capital you
need to grow your business.

 

Is a merchant cash advance a loan?

No. TransMark Funding purchases a portion of your future card sales.  We provide the merchant with an immediate cash advance, and we receive a percentage of your future card sales in return.

After you receive your advance, TransMark Funding will deduct a percentage from your daily card sales. The payment happens automatically, so there are no monthly billing statements, no invoices, no payment coupons and no checks for you to write. We will report to you monthly, by email, on your progress.  It’s very transparent and predictable.

How much funding can my small business receive?

Funding amounts vary from business to business, but generally TransMark Funding’s merchant cash advances range from $5,000 to $250,000. Find out the funding amount for which your company may qualify with our merchant cash advance calculator.

How can I determine if a cash advance is right for my business?

Business of all types and sizes can analyze the return to the business based on the total cost of investment.  You can easily determine if a cash advance is right for your business and determine your return on investment (ROI).

Here’s an example: Business A takes a $20,000 cash advance which has a total cost of $26,000 and uses the money to add 20 new seats. Those new seats translate to $2,000 more profit a week or $104,000 more profit per year. Using the formula, the net profit is $78,000 ($104,000-26,000). So $78,000/$26,000 = 3.00 x 100 =300%. Business A has a 300% ROI after one year. You can learn more about ROI at investopedia.com. Obviously, result will vary based upon how wisely you plan and invest your advance.

How much of my daily card sales does TransMark Funding deduct?

Deductions are made based on a fixed percentage of your daily Visa, MasterCard, Discover (sometimes American Express) sales.  The percent is fixed, but the amount of the payment is not. The amount paid to TransMark Funding will rise and fall with your daily card sales, giving your business more flexibility than a traditional loan. Bad day? Smaller payment. Good day? Full payment. It’s very merchant friendly.

I’ve been turned down for a loan by my bank, will TransMark Funding be able to help me?

TransMark Funding often provides cash advances to small businesses that have been turned down by traditional lenders. We are more flexible than banks in terms of the types of business we will work with, the purpose for which the funds will be used, and in some cases, the credit history of the business and the owners of the business.

There are some problems with my credit, can I still get help from TransMark Funding?

Unlike banks, TransMark Funding has greater flexibility when it comes to reviewing past credit experience. Past credit problems can typically be overcome by a demonstration of current business strength accompanied by a strong likelihood of continued good business trends. However, we do not enter into transactions with merchants who are currently (or about to become) involved in bankruptcy proceedings.

Are my business plans too unusual for TransMark?

TransMark Funding wants your business to succeed. We work hard to understand our client’s underlying business plan and the unique business features. If your plans make good business sense, it’s entirely possible that we will be able to fund them.

Can my business keep its current credit card processor?

Sure. You may find it more advantageous for your business to switch to one of our processor partners. That will be up to you.

What happens if my sales slow down or speed up after funding occurs?

A merchant cash advance is structured to accommodate varying sales. TransMark Funding’s payment is a fixed percentage of your daily sales, and payment amounts rise and fall with your sales. When sales slow, the dollar amount of the deduction is reduced, while when sales increase, the dollar amount of the deduction is increased.

Why should I go with TransMark Funding instead of another company?

In an industry where many companies use high-pressure sales tactics and cloud the total costs, TransMark Funding offers a refreshingly honest and transparent sales approach.  We will tell you if the product is right for you, and we will work with you to help you maximize return on your advance, so you can crease sales and profits.

Is this a one-time only program?

Around 60% of merchant cash advance customers renew.  Growing your business is our business, and we are happy to provide repeat transactions where the circumstances are again favorable to both of us.

How do I find out more?

You can give us a call or send us an email. Click here to contact us.

 

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