1Step one.  Apply Now, it only takes minutes

2Step two.  We evaluate your business loan needs

3Step three.  Choose your term loan and get funded

Merchant Processing Loans
through EmpowerLending

Merchant Processing Loans through EmpowerLending

The traditional way of improving your small business.  EmpowerLending provides business term loans with flexible options that accommodate your business’s unique production needs. Each funding product offers valuable features to help you accomplish your business goals.

  • Term loans from
    $5,000 to $750,000

  • Decision as fast as 24 hours and funds in as few as 3 days

  • Term lengths from 3
    months up to 5 years

APPLY NOW

Get a Merchant Processing Loan made exclusively for your businesses

A Merchant Processing Loan is a lump sum of capital that you pay back with regular repayments at a fixed interest rate—this type of traditional financing is what most people think of when it comes to small business loans.

Get a Merchant Processing Loan through EmpowerLending to:

  • Expand into new territories

  • Purchase inventory

  • Increase production

  • Factor payroll extensions

  • Do large-scale inventory buyouts

  • Purchase new equipment

  • Fund product development

Qualifications for a Merchant Processing Loan – Same Day Approval

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ANNUAL REVENUE

680

CREDIT SCORE

6 Months

TIME IN BUSINESS

*Based on past EmpowerLending Customers

Merchant Processing Loans Frequently Asked Questions

A merchant cash advance (MCA) is a lump-sum loan that a business or merchant repays by automatically drawing on a percentage of future debit and credit card transactions. Typically, cash advance loans have a shorter repayment period compared with other business financing options, as well as smaller and more frequent payments.

When it comes to cash advances for small businesses, your credit score won’t be the only factor that comes into play. In fact, even if you are applying for a merchant cash advance, sometimes loan providers will not consider your credit score at all. What borrowers are mainly looking at is your monthly profits and, more specifically, the amount of credit and debit card transactions your company reports every month.

After your advance is funded, the company will pay back the loan amount incrementally by automatically drawing a certain percentage of the potential credit and debit card transactions. The repayment period for advance financing of merchants depends on the percentage drawn from those card transactions as well as the initial loan amount, but can be as short as 4 months.

There are no restrictions on how you choose to use the cash. Common uses include the purchase of inventory, purchase of equipment, remodeling, expansion, advertising, payoff debt and taxes.

Your business must be processing credit cards for 60 days and process a minimum of $7500 per month.

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