EXTREME CAPITAL SOLUTIONS GROUP LLC.
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MERCHANT SERVICES
MERCHANT CASH ADVANCE
Also known as an “MCA” it is the agreed upon purchase of future receivables in exchange for an immediate lump sum to the merchant. The lump sum must be used as working capital, and/or any toward expenses related to the business. It is traditionally paid back in the form of a daily or weekly ACH pull from the business bank account.*
*No Collateral Needed
*1st position+ (multiple positions considered)
*4-24 month terms
*Amount- $10,000 to $1,000,000
BUSINESS TERM LOAN
The most straight forward product, a Term Loan is a borrowed lump some. Paid back over a set amount of time, at a fixed interest rate. A great option for the merchant looking for a product with a longer payback term.
*Amount- $100,000 to $5,000,000
*Rates: 8%-21% Fixed.
*Term- 1Year+
*Requirements: Business 2+ years old, Credit Score 650+
BUSINESS LINE OF CREDIT
A Line of Credit, or “LOC” for short, is a set amount extended to the merchant. It can be used as needed, up to the granted amount. A minimum monthly payback amount will be set, but it is encouraged to pay more than the minimum. The merchant can pay off the line of credit in full at any time.*
*some exceptions may apply
*Lines from $100,000 to $5,000,000
*Collateral Required
*Rates: 8%-18% APR
*Monthly Payments