Do
I qualify?
You pre-qualify for a loan from
USCCLG if:
-
You have owned your business
for at least 11 months
-
You have at least $3,000 in
monthly Visa/MasterCard
sales
What if I don’t qualify?
You may still have options
through USCCLG. We partner
with a network of lenders who
specialize in various types of
loans. If we can’t help you, we
may have a partner who can.
How do I apply?
Click here
to fill out our
3-minute
application
or call 1-800-760-6863.
How much am I eligible to
borrow?
The amount you can borrow will
depend on a number of factors
including your Visa/MasterCard
sales volume, your type of
business, and how long you’ve
been in business. Once we
receive your initial loan
application we will give you a
full quote taking these factors
into account. The maximum we
typically can lend is about 1.5
x your monthly Visa/MasterCard
sales average.
What is the length of the loan?
The length of the loan can vary
from 6 to 12 months.
Is
there an application fee?
No. The application is quick,
easy, and absolutely free.
How does the application work?
Pre-qualified applicants can get
approved in as little as 48
hours.
To
get started, simply fill out the
simple
3-minute
application
or call us at
1-800-760-6863 and fax in
your last 6 months of merchant
account statements to
1-866-671-6878
.
Once we receive your merchant
account statements, we’ll give
you a full loan quote and a
quote for your merchant account
rates.
How does the loan work?
USCCLG sets up your
merchant account and thoroughly
tests it to make sure it’s
working properly. Then we fund
the loan on the same day via ACH
to your specified bank account.
How does the payback work?
When you batch your
Visa/MasterCard sales,
USCCLG is paid a percentage
based on the loan agreement.
You never write a check or deal
with late fees.
Do
I need to transfer my merchant
account?
Yes. We use a nationally
recognized merchant services
provider that supports all major
POS terminal brands. We will
help you through the simple
process of transferring your
merchant account and we will
typically be able to meet or
beat your existing processing
rates.
How is my merchant account
transferred?
Our merchant
services team will prepare all
the paperwork and guide you
through this simple process. It
usually takes just a few
minutes.
What is the percentage of
Visa/MC sales that are
held back?
The percentage is determined by
your monthly Visa/MasterCard
volume, how much you borrow, how
long your payback period is, and
your interest cost. We’ll give
you the projected hold back
percentage during the initial
call. We’ll also give you a
full quote in writing prior to
signing your loan documents to
make sure you understand exactly
what percentage is held back.
Do
you have an in-house merchant
services team?
Yes. Every member of the
merchant services
team has at least 5 years of
industry experience. And when
you fund your loan with us, you
get a dedicated service member
for the life of your account.
How long will it take to get me
approved?
Approval typically takes about 2
business days.
How long will it take to fund my
loan?
Funding can happen in as little
as 7 business days.
How can I speed up the loan
process?
There are a few things you can
do to move the process along
faster:
What interest rate do you
charge?
You must fill out an application
with USCCLG (either online
or over the phone) to get an
interest quote. The interest
cost depends on your industry,
time in business, the percentage
of your monthly Visa/MasterCard
volume borrowed, and how long
your payback period is.
How much does my personal credit
matter?
We’ll review each credit profile
individually before making any
decisions. We’re not FICO score
driven but we will review your
personal credit to help evaluate your
loan.
How is the loan repaid?
The loan is repaid when you
batch your Visa/MasterCard
sales. There are no checks to
send or due dates to remember.
Back to
Loan Page
