How quickly can a merchant get funded?
We will fund a merchant within ten days of receipt of an application.
Is this considered a loan?
Slate Funding is not a lender! We purchase your business’s future credit card receivables at a discount. In addition we don‘t have a fixed term or periodic amount for repayment or an interest rate.
Slate Funding is not a lender! We purchase your business’s future credit card receivables at a discount. In addition we don‘t have a fixed term or periodic amount for repayment or an interest rate.
What happens if the credit card sales increase or decrease after the merchant is funded?
Since our funding service isn’t a loan we don‘t have a fixed term of repayment. After the merchant is funded, their daily Visa/MasterCard sales will be split-fund according to a mutually agreed-upon percentage, we therefore only collect based on the merchants actual credit card sales.
Since our funding service isn’t a loan we don‘t have a fixed term of repayment. After the merchant is funded, their daily Visa/MasterCard sales will be split-fund according to a mutually agreed-upon percentage, we therefore only collect based on the merchants actual credit card sales.
Must a merchant switch credit card processors?
If you currently aren’t processing with our approved credit card processor, you must change. Our affiliated credit card processor will match or beat your current transaction rates and/or percentages.
What can I use the funds for?
Unlike a bank, we have no restrictions on the merchant’s use of funds. The funds can be used for renovations, equipment purchases, purchasing of inventory, advertising campaigns, etc. We will fund whatever the merchant's needs are from expansion to buying out a partner. Slate Funding is there for the merchant's funding needs.
How do I get started?
To get started, simply fill out the Apply Now questions and a representative will get in touch with you
How much does it cost to apply for a Merchant Cash Advance?
Slate Funding offers a no cost/no obligation quote. There are no up-front fees or closing costs and we do not charge for “out of pocket” expenses such as credit reports, D&B reports, overnight mailing costs, etc.
Does Slate Funding require a personal guarantee?
No!!! Our cash advance does not require a personal guarantee, however, individuals may be liable in cases of fraud, misrepresentation and as further detailed in the contract
Slate Funding offers a no cost/no obligation quote. There are no up-front fees or closing costs and we do not charge for “out of pocket” expenses such as credit reports, D&B reports, overnight mailing costs, etc.
Does Slate Funding require a personal guarantee?
No!!! Our cash advance does not require a personal guarantee, however, individuals may be liable in cases of fraud, misrepresentation and as further detailed in the contract
How do I know if I qualify?
You must have been in business for more than 6 months, have at least $10 000 in credit card transactions per month and meet a few other simple requirements.
What kind of discount do I get if I pay early?
Since this is not a loan, there is no monthly payment schedule. We get paid when you get paid, therefore there is no discount for early payment, you are free to settle your obligation early any time you wish.
How often are payments retrieved?
We collect a small percentage of your daily credit card sales as they are settled or “batched”
Will I get a monthly statement?
Yes, you will receive a printed monthly statement. You may also view your daily statements by logging into a private and secure area of our website.
Will bad credit affect my unsecured cash advance request?
It is not necessary for you to have good credit in order to receive an unsecured cash advance. A poor credit rating (as low as a 400 credit score), including delinquencies, will normally not influence an unsecured cash advance.
You must have been in business for more than 6 months, have at least $10 000 in credit card transactions per month and meet a few other simple requirements.
What kind of discount do I get if I pay early?
Since this is not a loan, there is no monthly payment schedule. We get paid when you get paid, therefore there is no discount for early payment, you are free to settle your obligation early any time you wish.
How often are payments retrieved?
We collect a small percentage of your daily credit card sales as they are settled or “batched”
Will I get a monthly statement?
Yes, you will receive a printed monthly statement. You may also view your daily statements by logging into a private and secure area of our website.
Will bad credit affect my unsecured cash advance request?
It is not necessary for you to have good credit in order to receive an unsecured cash advance. A poor credit rating (as low as a 400 credit score), including delinquencies, will normally not influence an unsecured cash advance.
Slate Corp 3316-A South Cobb Drive Suite 311 Smyrna, GA 30080
