What is The Difference Between a Bank Loan and FSN?
A business bank loan is a time consuming and inflexible process where the bank is very restrictive. You need a lot of documentation, collateral and your business has to be in an excellent shape. In a few words; the bank will usually lend you money when you least need it. Should you eventually get the loan; the repayment time is rigid as well as the amount and date on which it has to be paid.

At FSN we have made the approval process very simple and straight forward. Approval and funding is usually done within a week. Since this is not a loan, your credit is not affected. The repayment process focuses on how your business is doing; “We’re paid when You’re paid.”

How Do I Qualify For Funding?
Thanks to our innovative system, the application process is quick and easy. All you need to qualify is:

• Six months in business
• At least $1,900 in VISA/MC sales per month
• No unresolved bankruptcies

Does it Cost Anything to Apply?
NO, application is free, nor do we charge a processing fee.

How Much Funding Can I Get?
Normally it depends on your monthly VISA/MC sales.

How Quickly Can I Get Funded?
As little as three days*. The funds are deposited directly into your business checking account.

Are There any Limits on How I Can Use the Money?
No, most companies use the money to grow their business; remodel, add space, marketing, purchase additional inventory or employ more people to name a few. Others use the funds for events that they didn’t plan or budget for. In any way you see fit for your business.

How do I Repay?
A small percentage is deducted from each credit card transaction. We don’t have any preset amounts or dates. The time to repay depends on your sales; if you have a slow month, you pay back a little less and it also depends on the program you qualify for.

Is There a Penalty for Early Repayment?
Since this is not a loan with a fixed time frame, we do not charge anything if you repay a little quicker than you anticipated.

Do I Have to Switch Processor?
Not necessarily. Should you have to change, no need to worry – we will meet-or-beat your current rates.

When can I re-apply?
Once you have repaid the original Business Cash Advance you can apply again. It is possible to apply for an additional Business Cash Advance, provided that part of it will be used to pay off the original funding. In most cases, the initial Business Cash Advance has helped to grow the business and you now qualify for increased funding levels. To make things easier for you, we will be in touch to keep you current on all your different options with FSN.

How do I know my current balance?
We will provide you with printed monthly statements. In addition, you will be able to go on-line and get up-to-the-minute information. All this is in addition to the statements you will receive from the Credit Card Processor.

 
Call 1-888-834-1030