- Payment Processing
Working Capital Loans:
This is specifically designed for cash flowing businesses that cannot obtain traditional or conventional financing. We source very favorable terms that range from 12, 15, 18 and 24 months ? The terms are developed based on your industry and credit criteria. Funding is based on affordability and industry.
Credit Card Cash Advance:
You may qualify for up to 80% of your monthly credit card processing sales volume, and use the funds for virtually any business purpose. Instead of fixed payments required by most traditional banks, repayments are linked to your business?s daily credit card sales. When sales are slow, payments are minimal and automatically applied until your balance is satisfied. A typical charge for a cash advance loan is between $0.22 to $0.40 on every dollar.
Instead of submitting and financing against individual invoices, MonyMedics evaluates your previous months payment receipts and finances against the business? future projected electronic payment activity. Our financing is non-recourse (no personal guarantee on periodic or final repayment for advance products) and unsecured (no asset or cash flow collateral required). Good candidates receive regular payments from a diversified client base, insurance companies and government sources.
If you are a new healthcare provider and are not processing credit cards at this time, we guarantee to match the rates of any competitor out there. More importantly, we understand the right credit card acce