Green Capital
Green Capital is a New York City-based company that provides small business owners with various forms of alternative business financing through merchant cash advances. They have funded over 22,000 small businesses and provide hundreds of millions of dollars in financing every year.[1]
Services[edit]
To qualify for a merchant cash advance from Green Capital, a business must have been in business for at least six months and have at least $10,000 per month in revenue.[2]
With a merchant cash advance, a merchant sells a portion of their future receivables, such as credit and debit card sales, at a discount in exchange for money upfront. The provider of the advance then collects a portion of the merchant’s receivables daily until the amount of the advance, plus fees, have been met.[3] Merchant cash advances are a type of short-term funding. The average repayment time frame for a merchant cash advance is 8–9 months, but can be as short as 4 months or as long as 18 months.[4]
References[edit]
- ↑ "Green Capital Announces 2015 Finance & Accounting Studies Scholarship". Yahoo! Finance. Retrieved 2 September 2015.
- ↑ "Green Capital". Green Capital. Retrieved 2 September 2015.
- ↑ Prosser, Marc. "Merchant Cash Advance -- The Small Business Owner's Guide". Fit Small Business. Retrieved 2 September 2015.
- ↑ "What is a Merchant Cash Advance?". Fundera. Retrieved 2 September 2015.
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