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Frequently Asked Questions
Below are answers to a list of Frequently Asked Questions. Please click on one of the questions below to find your answer:
How can Cornerstone Funding help fund my business?
How does the process work for getting working capital, or a business cash
advance?
How do I know if I qualify?
What can the money be used for?
How long does it take to get a business cash advance?
What is the interest rate?
How much does it cost?
How can Cornerstone Funding help fund my business?
We offer an innovative funding program designed to help you
meet business financial
needs. Whether it be to fund business growth, or meet short
term obligations, our
program is a fast, intelligent alternative to traditional
bank financing.
[TOP]
How does the process work for getting working capital, or
a business cash advance?
Our financial services are unlike traditional bank financing – so
there are no payment
books, dealing with people that don’t know your business,
and other financial hassles.
Simply put, we purchase your future receivables. The money
you receive is a
business cash advance against your future sales, and we are
paid a previously
agreed upon percentage. Its that simple.
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How do I know if I qualify?
To qualify you must be in business for 6 months, and have
a minimum of $10,000
credit card sales per month, and meet a few other simple
requirements.
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What can the money be used for?
Our clients use business cash advances or working capital
to fund startup operations; to fund new
equipment or provide for additional business locations; or
to meet
seasonal business activity obligations.
[TOP]
How long does it take to get a business
cash advance?
We will work as quickly as we can to
meet your business needs. It normally
takes
only a few business working days from
receipt of an agreement to funding.
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What is the interest rate?
Our program is similar to factoring – therefore
there is no set interest rate.
[TOP]
How much does it cost?
Cost varies. There are three programs
to choose from, and one of our Funding
Specialists will review the programs
with you and advise you with respect
to the program which best meets your
needs and provides you with the most
capital.
[TOP]
Working Capital for Your
Business
Call Us Toll Free: 1-888-965-5700
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© Copyright 2007 Cornerstone Funding. All rights reserved. |
Cornerstone Funding is a subsidiary of Cornerstone Merchant Services, Inc. |
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