Sometimes your business needs a little extra capital to expand, remodel, or just pay for an advertising campaign.
Credit Lines
Working with the Capital for Merchants program at HSBC, Local Biz Solutions is offering businesses up to $250,000 per location. Funding amount is based on your business accounts receivables, merchant account activity, business type, credit and history.
Features
Capital for Merchants program:
- No Closing Costs
- 95% approval rate
- No collateral
- Tax deductible
- No financial/tax returns required
- A-B credit not required
- No application or startup fees
- No hidden fees
- Fast approval
- Not personally liable
- No bills to pay
Merchant Participation Requirements, (minimum)
- The merchant must have a minimum of 1-year experience in their business.
- The merchant must have a minimum of 6 months credit card processing.
- The merchant must have a minimum of $2000 Visa and MasterCard volume monthly.
- The merchant must have a verifiable lease with a minimum of 1, (one), year remaining term
- Merchant must process exclusively with a North American Bancard Inc. for the entire term of the advance.
- 90%+ Card Swiped
- Future Service Liability Less Than 30 Days
- Acceptable Type of Business (Business Types Other Than Those Listed On the Restricted or Prohibited List)
- Merchant must clear a minimum of 2 batches before funding will be made
Information
Download these pdf’s for more information
Complete the one page application then fax it to (503) 821-7702. The blank agreement is for your review. When you application is approved I will send you a completed agreement for your signature.