SAPPHIRE
ADVANCE

We provide working capital for small businesses with as little as $5,000 and all the way up to $2,000,000.

Of course! At Sapphire Advance, we know your business’s credit score doesn’t always tell the whole story. That’s why we don't make any score effecting credit inquiries and our approvals are based on more than just your credit worthiness. We look at the overall health and potential of your business, including: Business revenue Cash flow Vendor payment history Years in business Public records

We fund businesses in the United States, including all 50 U.S. States. We currently do not offer our services to any businesses operating outside of the U.S.

Our application process is built around an in-house communication center that gives our Funding Advisors and underwriters instant access to the information they need to approve your business. Your funding can be approved in as little as 2-5 business hours, with working capital available in as little as one business day.

We fund businesses in most industries, including high risk industries. This includes attorneys, dental practices, medical practices, automotive dealers, construction companies, restaurants, retailers, manufacturers, gas stations, dry cleaners, pharmacies, business services, and more.

The information we need typically depends on the funding amount you are applying for. We may need: Business bank statements for the last 3 months A completed Sapphire Advance application Emailed or faxed photocopy of your driver’s license

Yes. Once you have repaid at least 50% of your original cash advance, you are eligible to apply for another cash advance called a renewal. In most cases, Sapphire Advance will also look to increase the amount of the advance you are eligible to receive.

Unfortunately, we do not fund startups. To qualify for funding with Sapphire Advance, your business must be in operation for at least 3 months.

No. We trust that small business owners know best how to use their funding, so we don’t restrict how you use your funds.

Cash flow is an issue for most small businesses. And when cash flow struggles, it often means that cash reserves do as well. This situation can be concerning because without money on hand, entrepreneurs can struggle to get through business slowdowns, survive equipment failures, or take advantage of new growth opportunities. Given the challenges associated with the tight profit margins of most small businesses, it’s important to know how a cash advance works. It’s a popular form of financing that can connect you with the total amount of capital you need in as little as 24 hours. In some scenarios, that speed can be the difference between disaster and survival. However you intend to use the money, it’s important to note that merchant cash advances don’t have strict usage rules like you might find with other types of financing. Nearly anything relating to your business is acceptable with a cash advance, so that versatility makes it a great option regardless of your business type or industry. Merchant cash advances working by tapping into the future earnings of your small business. When you receive the agreed-upon amount of money from the lender, the repayment period begins. Each day, a percentage of your credit card deposits will be set aside for the lender. This arrangement is unique and because the process is technically a sales transaction, it won’t appear on your credit report. You’ll first experience this difference when you begin the application process, as you won’t need to provide nearly as much documentation as you would with other kinds of small business loans. We only require you to submit your business's bank account statements from the last 4 months. As long as you’re doing more than $10,000 a month in credits/deposits, you should be in great shape. Now that you know how a cash advance works, you’re better able to determine whether it’s a smart financing strategy for your small business. The key benefits are fast and convenient access to cash. If you’d like help deciding whether or not a merchant cash advance is the right financial solution for your small business, feel free to reach out to our funding experts.