FAQs
What is a Merchant Cash Advance?
A Merchant Cash Advance (MCA), is a purchase of future receivables. Delivery of receivable is made by automated electronic debits (ACH) or a percentage holdback on credit card sales. The program is designed to work with the businesses cash flow and future receivables. It has the advantage of a quick turnaround time and approvals are based on business performance rather than personal credit profile or assets.
What are the requirements?
We require a minimum of $15,000 in average monthly sales, 1 year in business and a FICO score of 550.
How do I receive my funds?
Funds are generally distributed via domestic wire directly into the designated bank account for your business.
How does repayment work?
Shortly after receiving your funds, Radium Two Capital will begin to collect a portion of each credit card sale made or ACH your designated company bank account or according to your agreement.
What can I use the funds for?
Your funds can be used for working capital. That includes purchasing new equipment and supplies, investing in an additional location, or expanding your service offerings. We provide flexible capital to suit your financial needs.
How long until I get my response?
After submitting an application, responses generally take 4 hours. For general inquiries a response can take up to 6 hours.
Can I discuss in person?
Yes! Please reach out to our customer service line between the hours of 9AM and 6PM EST, Monday through Friday. 1-877-397-4127
Why Radium?
We're in the business of helping small businesses succeed. Here at Radium, we want to be your partner for your plan to success. We want to learn about your business and help you grow and continue to be profitable. Our team of financial experts are here to help you overcome your financing needs to meet your short term and long terms objectives. We are constantly accessing the markets and stand ready to help you. Give us a call!