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FAQ
Q: How can AUSvance help my business?
A: AUSvance provides an innovative way of raising
finance for businesses as an alternative to traditional bank
lending. By looking at an asset your business may not realize
it has, we purchase its future credit card / EFTPOS sales from
its customers.
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Q: How easy is it to get approved and funded by AUSvance?
A: 90% of applicants who meet our basic requirements get approved.
Q: How do I know if I qualify?
A: Your business must be operating and process at least $5,000/month in credit card / EFTPOS sales from its customers.
Q: How soon can I receive funds?
A: The average time, from completed application to payment, is typically 15 working days.
Q: Is a merchant cash advance from AUSvance the same as a traditional business loan?
A: No. A merchant cash advance is not a loan.
You sell your future credit card / EFTPOS sales from your customers
to us at a discount. Then, each evening when you settle, a
small and agreed upon percentage goes towards repayment of
the advance. This process is repeated until the advance is
paid in full. Unlike a bank, there is no fixed payment schedule,
no fixed term, no collateral and no endless paperwork to complete.
Unlike a bank, we have a 90% approval rate for qualified applicants
and can offer quick funding, typically in 15 days or less.
Q: How much money can I qualify for?
A: We can advance between $3,500 and $150,000 per branch. The amount of money you qualify for is typically 70% your monthly credit card / EFTPOS processing average.
Q: Can I renew / receive additional funds later on?
A:Yes. You must be in good standing, and a certain percentage of the first advance must be paid before you renew.
Q: Will I get a monthly statement from AUSvance?
A: Yes, you will receive a monthly statement from us. You can also view your daily statements online by logging into a private and secure area of the AUSvance Website.
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For A No Obligation Quote On How Much Financing Your Business Qualifies For: Call AUSvance - 1300 760 930 |
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