Glossary

FundKite Glossary of Business Finance Terms.

Credit Card Receivables

The merchant cash advances are paid for with a percentage of the credit card transactions only. Instead of requiring collateral, assets, or high credit scores, Credit Card sales determine the amount of the advance. No specific requirement of collateral or assets. This occurs when financiers purchase a percentage of a business’ future credit card sales at a discounted rate. Essentially, it’s a way to get immediate cash flow based on your future accounts receivable from credit cards.

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Disclosures

1. Our products are purchases of account receivables and are not business loans.

2. FundKite can approve you in as little as 2 business hours for up to $2,000,000 when we are able to obtain your business data and verify your bank account.

3. Once final approval is made funds will be available in your account within 24 hours.

The information provided through FundKite does not constitute legal, tax, financial or accounting advice, and should not be considered a substitute for obtaining competent personalized advice from a licensed professional. You should seek professional advice before making any decision that could affect the financial health of your business.

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