How it works
You receive a lump sum. You repay through daily or weekly withdrawals, or a share of card sales, until the agreed total is paid. There is no monthly due date, which is part of the appeal, but there is also no pause when business is slow. We do not publish cost here because it depends on your statements and the offer. Compare the total repayment against what you receive, not just the daily amount.
Who in Long Beach uses it
Long Beach is a large city of 466,742 residents, with a waterfront that draws visitors, a port among the world's largest shipping ports, and one of California's largest universities, per Wikipedia. Businesses with frequent card deposits are the usual users: restaurants and cafes, salons and barbershops, convenience and specialty retail, and repair shops. A typical use is quick: replacing a failed refrigeration unit, buying inventory before a holiday weekend, or bridging a permit delay.
A short test of fit
| Question | Good sign | Warning sign |
|---|---|---|
| Deposit pattern | Most days have deposits | A few large deposits per month |
| Purpose | Quick payback within months | A multi-year asset |
| Existing advances | None | One or more already |
| Slowest week | Payment is a small share of deposits | Payment is half of deposits |
A word on stacking
The most common way an advance goes wrong is a second one taken to cover the first. Each additional withdrawal takes another bite from the same deposits, and the cushion shrinks. Before you take a second advance, work out the combined daily withdrawal and compare it with your worst week from the last quarter. If the combined figure takes a third of deposits or more in a weak week, the next step should be a conversation about restructuring, not another advance.
For illustration only: two withdrawals of $300 a day on a week that deposits $5,000 total take $3,000 of it, or 60%. That leaves $2,000 for payroll, rent, food cost and everything else.
If it is the wrong shape
Invoice-driven businesses are usually better served by working capital or a line of credit. Businesses with big swings can look at revenue-based financing. Owners who already hold advances and struggle with the payments should start with MCA relief.
What we ask for
Requests run from $25,000 to $5,000,000. About three months of business bank statements and a 5-minute application. FICO 500 and above is considered, tax returns are not required, and the credit pull is soft. Funding can arrive in as little as 24 hours after approval. Sole proprietors can apply. Apply here. The regional picture is on the LA Metro page.