Advance Smart Business Loans
Advance Smart Business Loans is a financial service company based in Rocky Hill in Connecticut. Its services cover merchant cash advances, bridge loans, lines of credit, hard money loans, SBA loans, commercial loans, and factoring. Both secured and unsecured loans are provided. Advance Smart Business Loans uses proprietary placement tools to connect businesses with the appropriate financing option for their situation. The loans given out can be used for expansion purposes, renovation, working capital, and hiring extra employees.
To avail line of credit service, an applying business needs to have monthly gross revenue of at least $10,000 and a minimum FICO score of 600. Meanwhile, for merchant cash advances, a minimum of 500 FICO score is required. In the case of equipment leasing, you would need to avail a lease of at least $25,000. Credit card processing from Advance Smart Business Loans comes with a provision for split batching in MCA. Other processing services include wireless terminals, personalized gifts, smartphone card readers, and shopping carts.
Trustpilot ranks this company 4 out of 17 in the category of card processing, and 111 out of 348 in the non-bank finance category, as of April 2019. Its TrustScore is 9.2 out of 10.