Innervation Cash Advance, underwritten by Retail Capital, offers merchants an alternative funding solution to bank loans, with a quick turnaround time on applications and no security requirements. Funds are paid upfront and are based on the value of card purchase transactions processed monthly. Payback of funds are similarly based on the value of card payments performed.
Innervation Payment merchants will be automatically pre-qualified for Cash Advance offers based on card turnover and will be able to view these offers and register for the funds online via the Innervation Portal.
It is expected that this solution will become available in September 2020.
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