Premier Capital Funding Merchant Cash Advance Review 2023
Loan Amount
Factor Rate
Terms
Min Credit
Time to Fund
Company Profile
Premier Capital Funding is a financial institution that operates with the best interests of their clients at heart. They have established themselves as one of the leading financial institutions nationwide, thanks to their many years of experience in the industry. They work closely with their clients to determine the right type and size of financing based on their individual needs.
The company prides itself on providing competitive programs designed specifically for their merchants. Their variety of funding programs provide enthusiastic business owners with the capital they need to ensure their businesses' success. They are direct funders, which allows them to offer these competitive programs.
Products & Services
Premier Capital Funding offers a variety of funding programs. One of their main offerings is the Merchant Cash Advance (MCA), an immediate advance of funds based on a business's future incoming revenue. This provides businesses with the extra support they might need. The advances range from $7,500 to $150,000 with longer payback times from 4-12 months. They offer daily and weekly payments/CC split funding and a one-day turnaround for funding.
Another service they offer is the MCA Consolidation Program. This program is designed to help clients pay off multiple advances they may have with other funders and make their scheduled payments rather than fall into a bad standing with other lenders, ending up in collections and litigation. The program works for any number of positions, 3, 4, and 5.
Pros and Cons
Pros:
1. Wide range of funding programs to suit different needs.
2. Direct funders, which allows for competitive programs.
3. Offers a consolidation program for clients with multiple advances.
4. Quick turnaround for funding.
5. Nationwide funding.
Cons:
1. Information on the website can be hard to find.
2. No clear information about interest rates.
3. No clear information about collateral or guarantees required.
4. No clear information about state restrictions.
5. The FAQ page is not available.
Ideal Customer
The right type of customer for Premier Capital Funding is a business owner who needs immediate funding based on their future incoming revenue. These are typically merchants who need extra support to ensure the success of their business. The company works closely with their clients to determine the right type and size of financing based on their individual needs.
Required Documentation
The basic requirements for funding include a Fico score of 500+, 9+ months in business, no open bankruptcies and tax liens greater than $150,000, no more than 4 existing positions, and no more than 3 negative days per month. Documents to apply include the last 3 bank statements and an application.
Industries and Restrictions
Premier Capital Funding works with a variety of industries, providing them with the capital they need to ensure their businesses' success. However, the website does not provide specific information about any industry restrictions.
State of Operations
Premier Capital Funding operates nationwide, providing funding to businesses all over the country. However, the website does not provide specific information about any state restrictions.
Basic Qualifications
The basic qualifications to receive funding from Premier Capital Funding include a Fico score of 500+, 9+ months in business, no open bankruptcies and tax liens greater than $150,000, no more than 4 existing positions, and no more than 3 negative days per month.
Collateral or Guarantees
The website does not provide specific information about the type of collateral or guarantees required for the company's products.
Alternatives
Unfortunately, the website does not provide specific information about alternative options to using Premier Capital Funding. It is recommended to research other financial institutions and compare their offerings to find the best fit for your business needs.