Products & Services

Business Funding

Summit Funding Group sells money! If you can’t wait for your customers to give it to you, don’t. If you need to add inventory to fuel new growth Summit Funding Group can get you the money you need.

Does your business need cash now?

	Does your business generate $5,000 or more each month in Visa/MasterCard receivables?
	Do you or your business have less than perfect credit?
	Do you have an immediate need for cash?
	Is your bank unable or unwilling to fulfill your financial needs?

Prerequisites for a Small Business Cash Advancement

	Must accept Visa or Master Card for at least 4 months
	Must process at least $5000 in Visa or MasterCard
	Must be in business at least 5 months.
	Credit card statements for last 4 months must be accessible

Raise Additional Working Capital, Regardless of Current Credit Rating

	Most applicants are approved regardless of credit rating.
	Funds are normally wired within 7 business days following receipt of completed contracts.

Use Your Future Visa/MasterCard Receipts to Raise $5,000 to $150,000 in Additional Funds for:

	Bulk inventory purchase
	Repairing current credit
	Improvements to business
	Marketing
	Renovations
	Taxes
	Expansion projects
	Emergency funds
	Any other needs you may have

Simple Payback

Each month, payback is determined by an agreed proportion of your daily Visa/MasterCard receipts. When your balance reaches zero (0), electronic debiting will cease. In addition you are eligible for an additional advance of your Visa/MasterCard receipts.

FAQs

	How does the program work? We lend you money and take a security interest in your future receivables. Summit Funding Group transactions are based upon a previously agreed upon percentage of your future sales. A formula is calculated based on your cash flow projections. We provide the cash based on those calculations. It’s as easy as that.
	How much money can I receive? $5,000 to $150,000 per location
	How soon can I get the money? 7-10 working days is the average time it takes after your application is submitted for approval.
	Is there an application fee? No, there are no administration fees or application fees. We partner with you to determine your optimal payment. The sooner you get your application in, the quicker we advance you the cash.
	What are the qualifications to be eligible for this program? You must have been in business for more than 8 months and have at least $5,000 of VISA and MasterCard credit card sales per month, no open bankruptcies. Other simple requirements may apply.
	What can I use the money for? You make the choice. Our customers often use the money for advertising, increasing inventory, expansion, paying off other debt or buying out a partner, or for an emergency that could end the business. According to the Small Business Administration, lack of capital is the major reason for small business-failure.
	How easy is it to get approved? It is a lot easier and faster than a typical bank loan. There is NO complicated paperwork. Our Funding Specialists help you through the process in a few minutes. We understand your needs; many of our specialists have owned and operated their own small businesses.
	Can I apply again when I have repaid my first revenue advancement? Yes, most renewals are funded in less than 24 hours. If you have experienced no change in financial status you will be approved automatically. As soon as the advance balance is down to approximately 40% of the original balance, you can request again. More than half of our customers opt to do just that.
	What are the costs of the revenue advancement? Your cost is determined by the size of your advance, the time of distribution and the pay back. Full details are available on your term sheet (proposal) once your application is complete.
	Do I need to change credit-card processors? You must switch to our affiliated processors. This is how we collect your repayment. We will meet-or-beat your present transaction rate and maybe save you some more money. It will not cost you to switch.
	Do you require personal credit review? Yes, your personal credit is a part of the approval process. We use a business-friendly scoring model blending economic data, business and guarantor information to assess risk.
	I have bad credit - can I still qualify? Yes, because we collect from a small percentage of your daily credit card sales. A poor credit rating, including delinquencies, does not normally disqualify your revenue advancement.
	Can I receive funding if I already have a cash advance from another company? Yes, first we pay off your obligations with cash from your first advance. After that you receive all remaining proceeds.
	How are my payments made? A small percentage is deducted from each Visa/MC deposit. Unlike a bank loan, we take back the money based upon your revenue, so there are no fixed payments. We get paid when you get paid.
	What is Summit Funding Group main objective? Our financing programs provide small businesses extra cash and working capital. Traditional banks will lend you money when you do not need it. We can get you money when you do. There are no loan payment books, no bank hassles.
	How do I get started? Contact us and a Funding Consultant will answer all your questions and get the process started.

Credit Card Processing

We provide the credit card processing services, Visa and MasterCard, Discover and American Express at the lowest possible cost. We deliver honest information, with no hidden fees. If you want to be a satisfied customer, contact us.

Do you find credit card processing confusing? Do you need help understanding the process? Do you have special needs? We can help you with any question and will deliver step-by-step support to get you up and running fast.

Key Features:

	Free Application & Setup
	Free 24/7 Support
	Super Low Rates!
	Same Day Approval!
	100% Risk Free Guarantee
	All funds are deposited into your business checking account
	Customers can be mail order, phone order, internet or retail face- to-face
	All rates and prices are negotiable and guaranteed