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Home > Faq's
Below you will find a list of
frequently asked questions.
How can
PartnersPlus help fund my business needs?
We offer a revolutionary new
financing program designed to help you manage your working
capital needs by providing you with a more responsive
alternative to traditional bank lending.
How does the
program work?
Our products offer a revolutionary
way to fund your business operations. The most important
thing to remember is that it’s not a bank loan. So there are
no loan payment books, no dealing with people who don’t
understand your business, none of the traditional bank
hassles, and most of all…no more "no's." PartnersPlus
transactions are based upon your future sales. We take a
previously agreed upon percentage of your future sales. You
can monitor your account on our Web site. It’s as easy as
that.
How do I
know if I qualify?
You must have been in business
for more than 12 months and have at least $1700 of credit
card sales per month, and meet other simple requirements.
What can I
use the money for?
Most of our customers use the money
for business-building needs like adding more seats to their
restaurants, advertising or stocking up on seasonal
merchandise. Others have used it to buy out a partner or for
emergency needs like unforeseen maintenance issues that
could interrupt your business.
How soon can
I get the money?
The average time from receipt of
a contract to funding is usually under 10 working days.
Do I need to
change credit-card processors?
You may need to change
credit-card processors to one that has a relationship with
PartnersPlus. It is the unique way we collect the future
sales you sold us. Our affiliated processors guarantee to
meet-or-beat the transaction rate on your processing needs.
What kind of
discount do I get if I pay early?
Since this is not a loan, there
is no monthly payment schedule. We get paid only when you
get paid therefore there is no discount for early payment.
PartnersPlus purchases a specific amount of your future
sales.
Why do you
have to review my personal credit?
We use a business-friendly
scoring model that blends general economic data, business
and guarantor information to assess risk. Considering your
personal credit is a part of the process.
What
qualifies as proof of ownership?
Articles of incorporation,
board-meeting minutes, a corporate tax return or a business
license showing the guarantor’s name as an owner are all
great proofs of ownership.
How often
are payments to PartnersPlus deducted?
We collect from a small percentage
of your daily credit card sales.
Will I get a
monthly statement from PartnersPlus?
Yes, you will receive a printed
monthly statement. You may also view your daily statements
online by logging into a private and secure area of the
PartnersPlus Web site.
What do you
mean by “gross volume”?
Gross
volume refers to your total receipts from all sources,
including cash, credit cards, debit cards and checks.
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