Dear Prospective Clients and Referral Partners,
I would like to take this opportunity to reach out to our prospective clients and referral partners and assist you in making the merchant application and boarding process as smooth as possible. We understand how valuable your time is and simply want to ensure that you have a pleasant experience with GBRC our preferred funding source and other sources if you do not qualify with our preferred source. Below are a few helpful tips that will assist you in achieving this.
Businesses with a low success rate (Smaller Offers, Lower Chance of Funding)
Furniture
Flooring (tile, carpet, etc.)
Mattress Stores
Moving Companies
Gas Stations
Automatic Declines
Home Based Businesses
Remodelers
Construction
Real Estate
All other retail businesses that is dependent on a strong housing market
Annual Gross Sales Under $300,000
( We have other alternative funding sources at Cash Flow Specialists, Inc.)
Applications
To receive an offer to the merchant we only require that you submit 4 months of Visa/MasterCard Statements (on non seasonal merchants) along with the completed application
If the merchant has an outstanding cash advance with another cash advance provider, please indicate this on the initial application. If possible, provide information on the estimated balance, retrieval % and current factor that the merchant is paying
Optional Information to Submit
To help with the funding process you can submit some optional information at the time of submission (Not Necessary – But Helpful):
Clear Copy of Voided Check
Clear Copy of Drivers License
4 Months of Bank Statements
Proof of Ownership
Statements
At GBRC’s discretion we are requesting year over year statements or 12 months of processing statements
At GBRC’s discretion we may request the Merchants Bank Account Statements or Financial Statements to validate the gross sales numbers
