Starter Programs For Merchants That Don’t Process Credit Cards?

Just when we thought that Merchant Cash Advances couldn’t be any more accommodating to the small business world, one company is applying the starter advance concept to practically the entire spectrum of merchants. A starter advance, a higher risk transaction than those traditionally conducted in the industry, is a concept that was made popular by 1st Merchant Funding several years ago. While it was still limited to merchants that accepted credit cards as a form of payment, it offered applicants that had been in business for less than a year, had below 500 FICO, or sporadic sales to start with something small.

Capital Stack is now offering a starter advance to businesses that do not accept credit cards by structuring the repayment via direct debit ACHs. Small businesses only need to have been in operation for three months to be eligible. With options like these, it’s hard to imagine how big banks will ever be able to compete. Can they really expect a small business to wait 2 – 4 years before ever getting their first line of credit? That’s madness! You can learn more about Capital Stack’s program by watching their video clip or by visiting their website.

Sean Murray is the President and Chief Editor of deBanked and the founder of the Broker Fair Conference. Connect with me on LinkedIn or follow me on twitter. You can view all future deBanked events here.