Cash Advance Broking

The recent credit crisis has put a crunch on growth and development throughout the US. Rhombus dedicated an entire division to Cash Advance Broking in order to help SMEs get the working capital they need to take their business to the next level.

Our aim – help clients build a brighter future for their business.

Why Rhombus?

  • Rhombus offers SMEs unique, easy and hassle-free financing.
  • Rhombus clients the option to apply for further advances without extensive approval procedures.
  • Rhombus leaves no scope for late payment as it follows a pay-as-you-earn model. This means no harassment because you’ll never be late on a payment.
  • Rhombus does not dictate any terms and conditions to borrowers.
  • Rhombus provides cash advances across all US states.
  • Rhombus is flexible and adaptable, customizing its packages as per the individual requirements of every client.
  • Rhombus keeps things simple. We take care of the everyday issues so that you can concentrate on growing your business.

Get credit on future earnings

Rhombus’s Cash Advance Broking division offers working capital to SMEs (merchants and retailers) without the lengthy complications involved in loan processing and the risk of hidden fees. Quite literally, we provide quick and easy money. A client who processes a minimum of $5,000 per month in credit card transactions can get cash advanced in as little as 10 days.

How it works is – we advance you cash based on your current monthly credit card sales. You can pay us back the amount over time with a small, fixed percentage of your daily credit card transactions. This way, you end up repaying the advance amount only out of what you earn in credit card transactions per day.

Rhombus’s Cash Advance Broking facility is fast, simple and completely transparent. We do not dictate terms on how to use the money we advance you and we fund you regardless of your credit history.

More than three-quarters of our clients are approved and more than half take advantage of this facility more than once. Once funded, you may even qualify for automatic renewals any time you need more cash.

Special offers are available for start-up restaurants, with cash advances being given even before credit card affiliates are in place. Other offers provide specific equipment financing and there are even funding options for organizations with low or nil credit card transactions per month.

Rhombus Advantage

  • No application fee
  • No closing costs
  • No fixed payments
  • No equity loss

Stay Connected

  • 24×7 updates (via web-based CRM)
  • Weekly status updates to customers (via phone)

To find out more about Rhombus’s Cash Advance Broking procedure and special offers, please download our presentation. Read our FAQ section to find out if you qualify or contact us by filling in your details and we’ll get back to you.

FAQ’S

  • What can Rhombus Merchant Services do for my business?
    We offer you a way to improve your business for the future by accessing cash now. It’s not a bank loan, so you’re more likely to be approved, and cash becomes available to you in a very short period of time, as soon as 10 days if you have monthly credit card transactions of over $5000.
  • How can I use the cash?
    Rhombus doesn’t dictate terms and conditions for utilization of the cash advanced to you. You are free to invest it as you see fit. No strings attached.
  • How does it work?
    The funding process is simple. Rhombus Merchant Services purchases your future credit card transactions and advances that money to you. After you have your advance, we will deduct a small, fixed percentage from your daily credit card sales until the advance is made whole.
  • Will I qualify?
    If you’ve been in business for over a year and process at least $5,000 in credit card sales each month, you are well on your way to approval.
  • How long will I have to wait to find out if I have been approved for my cash advance?
    Pre-approval is usually obtained within 24-48 hours. Funding can take as little as 5 business days depending on the amount of the transaction and the time it takes to get the necessary documents required to fund.
  • How much can I qualify for?
    Your monthly credit card volume will qualify you for cash advance from $5,000 to $250,000. The amount of receipts purchased is determined by your average Visa/MasterCard volume over a 90-120 day period.
  • How soon can I have the cash?
    After a complete contract is submitted and approved, funding can happen in as little as 1 to 2 business days.
  • Will I receive the same low rates as my current credit card processor?
    The funding process works through your credit card terminal. So, we may need to switch you over to our preferred credit card processor. We work with an outstanding organization that will match or may actually beat your current rates, and will make the transition virtually seamless.
  • Will I be able to monitor the progress on my account?
    We have made it easy for you to check on your payment progress. All you have to do is log on to the Rhombus Merchant Services website to view your account status online.