| Features |
| Sales
Representative Compensation |
The
Sales Representative will typically be funded by RapidAdvance within 5 business
days. The Sales Representative will receive an up front comission of 4% - 6% on
the purchased fixed dollar amount of the merchants future Visa and MasterCard
Volume. Addionally the Sales Representative will receive a monthly residual
payment from RapidAdvance of 2%. The 2% is calculated based on the monies
collected by RapidAdvance which are applicable to the repayment of the
merchant's working capital advance.
|
| About
RapidAdvance |
We
offer our Partners a proven, high integrity management team focused on
exceeding merchant expectations, simplified execution and bottom line results.
In concert with First Annapolis Consulting, we have developed the industries
first Visa compliant cash advance infrastructure. Our unique "one-stop" sales
approach keeps your agents focused on new merchant acquisition. Our simplified
sales approach also reduces training time/cost and allows your entire sales
force to actively participate and benefit. Our service offers a true purchase
and sale transaction with no UCC-1 filings or personal guarantees. |
| How
the Program Works |
Advance
up to 2.5 times monthly bank card volume. 3 funding levels. "One Stop" Referral
Sale - The Sales Representative communicates the essentials of Rapid Advance's
product in less than 5 minutes! The merchant faxes the "3-Minute" application
and four months of Visa/MasterCard statements to Rapid Advance. After receiving
the "3-Minute" application, a Rapid Advance Account Executive will contact the
merchant with the pre-approved advance amount. Rapid will close the sale! We
also take care of all the paperwork including underwriting and the Merchant
Receivable Sale Agreement. |
| Merchant
Value Proposition |
Your
merchants receive immediate working capital for their business within 2-5 days
to support growth. The money can be used for any business purpose. No personal
guarantees - No collateral pledge on their home or business. - No UCC-1
financial statements filed. - No liens. - No points. - No fixed monthly
payments. - No coupons or checks to write. - No impact on their ability to
qualify for other financing. - No business use restrictions on the funding. -
No hassles - quick application & fast funding. |
| Sales
Representative Proposition |
Increase
Merchant Account Acquisition: Merchant acceptance rates and close ratios
improve. A unique competitive advantage vs. the "rate game". Increase Merchant
Retention: Merchant retention rates improve. Merchant must remain with the
processor for the term. 70% renewal rate further increases retention. Improves
merchant satisfaction by solving a problem. Increase Sales Agent Income and
Retention: Generous upfront and residual fee income for each sale. Reduces
Agent turnover due to improved satisfaction/income. Increased merchant
retention equates to higher merchant residuals. Increase Fee Income to the
Acquirer: Generous upfront and residual fee income for each sale. Strengthens
Acquirer's profits and portfolio value. |
| Application
Submission |
Application
can be submitted via fax. 877-467-2743 |
| Merchant
Funding |
Advances
from $2,500 to $150,000. Merchants receive immediate working capital for their
business within 2-5 days to support growth. Expand inventories. Purchase new
equipment. Meet payroll or tax obligations. Invest in sales and marketing.
Cover emergency expenses...and more! |
| Merchant
Guarantees |
No
personal guarantees |
| Monthly
Payments |
RapidAdvance
can deduct the merchant's payment directly from the merchants credit card
receivables. RapidAdvance works with most major credit card processors in the
country. In most cases the merchant can continue to use their existing credit
card processing terminals. |
| Merchant
Set Up Fees |
None |
| Merchant
Payment Structure |
RapidAdvance
will purchase a fixed dollar amount of the merchants future Visa and MasterCard
sales at a discount. Once approved, we will wire a lump sum amount directly to
the merchants bank account. RapidAdvance collects a small portion of each
future Visa and MasterCard sale, until the account with RapidAdvance is
settled. |
| Approved
SIC Segements |
Over
90% of the merchants that apply for RapidAdvance financing qualify for
immediate working capital. |
| Notes |
Limited
turn downs with the exception of open bankruptcy or delinquencies. |
| Background |
| RapidAdvance,
LLC is committed to helping small business owners succeed by providing them
with the capital they need, when they need it. Unlike banks, that require
collateral and personal guarantees, RapidAdvanceT offers capital funding with
minimal requirements and a high level of customer service. We want to be your
partner in success.
|
| Enrollment |
| Complete
and submit the faxable application and a Account Executive Representative will
contact you within the next 24 hours, Monday through Friday, 8 a.m. to 5 p.m.
CST.
|
