Last Updated: 04/18/2025
PowerUp Lending Group Merchant Cash Advance
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Last Updated: 04/18/2025
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Highlights
Factor Rate
N/A
Amount Range
Starting at $20,000
Minimum Revenue
$100,000
APR (Fee-Based Product)
N/A
PowerUp Lending Group Merchant Cash Advance Review
PowerUp Lending Group Merchant Cash Advance is offered by PowerUp Lending Group, a direct lender founded in 2008 and based in Great Neck, NY. PowerUp Lending Group Merchant Cash Advance are available in 50 states and Washington, DC.
PowerUp Lending Group Merchant Cash Advance FAQ
Does PowerUp Lending Group Merchant Cash Advance charge prepayment fees?
Yes, PowerUp Lending Group Merchant Cash Advance charges additional fees to borrowers who pay off their PowerUp Lending Group Merchant Cash Advance sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a PowerUp Lending Group Merchant Cash Advance early.How much cash can you advance from PowerUp Lending Group Merchant Cash Advance?
Cash advance amounts start at $20,000 .
What types of repayment method does PowerUp Lending Group Merchant Cash Advance accept?
PowerUp Lending Group Merchant Cash Advance accepts the following repayment method from the Merchant:
- Split withholding
- ACH withholding
How often does PowerUp Lending Group Merchant Cash Advance process payments?
PowerUp Lending Group Merchant Cash Advance processes payments daily based on your business's credit card transactions. This means that a percentage of your transactions will automatically be sent to PowerUp Lending Group Merchant Cash Advance as payment for your cash advance until the full amount is paid.
Does PowerUp Lending Group Merchant Cash Advance charge an origination fee?
Yes, PowerUp Lending Group Merchant Cash Advance charges a origination fee starting at 1% of the total amount advanced . PowerUp Lending Group Merchant Cash Advance deducts the fee directly from your merchant cash advance amount before disbursing merchant cash advance proceeds, so make sure you take this fee into account when deciding how much you need to borrow.
What is the minimum repayment amount required by PowerUp Lending Group Merchant Cash Advance?
There is no minimum repayment amount.
What is the estimated funding time for a merchant cash advance via PowerUp Lending Group Merchant Cash Advance?
PowerUp Lending Group Merchant Cash Advance can fund your merchant cash advance within 1 business day of approval.
What are the business financing requirements for PowerUp Lending Group Merchant Cash Advance?
To apply for PowerUp Lending Group Merchant Cash Advance, you need to provide the following business documentation:
- Business license
- Business bank account
What do you need to qualify for PowerUp Lending Group Merchant Cash Advance?
Applicants with a credit score of at least 500 and up to 850 may be eligible for PowerUp Lending Group Merchant Cash Advance. PowerUp Lending Group Merchant Cash Advance does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders with a U.S. tax identification number are eligible to apply for the services offered by PowerUp Lending Group Merchant Cash Advance.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Bank account information
- Business formation documents
- Proof of identity
- U.S. tax identification number
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