Newtek Business Services, Inc.
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Cash Advance

How It Works

Here's how it works...
Cash Advance is not a loan, it is the sale of your future credit card sales at a discount.

You sell a fixed dollar amount of your future credit and signature debit card sales at a discount. Through an automated process, a fixed percentage is returned from each sale as it is settled. The percentage we retrieve from each sale is fixed for the life of the funding—the advance is paid back when you get paid. You never have to worry about writing checks, making timely payments, or paying late fees.

And, once you have paid down a portion of your original balance, you can renew your advance to get additional capital. Renewal is easy and fast. In most cases, funds will deposit into your account the next business day.

Process:

  1. Apply for funding: Complete a simple referral form and speak with a Business Services Specialist that will tailor a funding program to meet your needs
  2. Approval Process: Within 24 hrs you will receive your pre-approval, and within 7 business days, your official approval.
  3. Account Setup: If you are not already a Newtek Merchant Services client, our Business Services Specialist will work with you to ensure your credit card processing account is setup
  4. Funding: Once you are processing with Newtek Merchant Services, Cash Advance provider will deposit the funds directly into your bank account and the automated payback begins.

apply for cash advance

Apply now online or call for additional information on how you can GET CAPITAL NOW!

Toll Free 866.324.6934

Apply today for one of our business services.
Case Studies Gain valuable insight from business owners who have utilized Newtek's services to help manage and grow their businesses.