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Global credit card processing solutions

Merchant cash advance

What is a merchant cash advance?

Sometimes referred to as “credit card receivable funding” or “credit card factoring,” a Merchant Cash Advance (MCA) is the purchase of future credit and debit card receipts. Your business sells a fixed dollar amount of its future credit and debit card sales at a discount. Once approved, you’ll receive a lump sum of the working capital as the purchase price. Then you’re all set to use this money for any business need. It’s not a loan – it’s a smart way for businesses like yours to get the funds you need. The good news: No personal collateral is required. Qualification is primarily based on the strength of the business. And that means things like a business owner’s poor personal credit history is not an automatic disqualifier for an MCA from NOVA Bancard. Compare that to other lenders and financing sources. Plus, we can get the money in your hands in as few as 5 days. With very little paperwork. Best of all, it’s a very cash flow friendly solution for your business. NOVA Bancard gets paid when your business gets paid. It’s that simple. Read More…

How does it work?

Your business agrees to sell a fixed dollar amount of its future credit and debit card sales at a discount. Your business receives a lump sum of working capital as the purchase price.

How does it compare?

  Bank Loan SBA Loan Home Equity Loan Credit Cards Merchant Cash Advance
Amount debited aligns with credit card sales          
No late fees          
May qualify even if turned down elsewhere          
Minimal documentation          
Fast approval process          
No personal collateral          
Get funding in as few as 10 days          

NOVA Bancard can offer your small business many powerful advantages. Check out the chart below and see how our Merchant Cash Advance stacks up against some of the other options out there.

How much can my business qualify for?

It varies based on the situation, but funding amounts usually range from $5000-$150,000 per business location.

Portfolio of offerings

NOVA Bancard is here every step of the way to help small and medium-sized businesses get ahead with flexible options to provide your business access to the working capital it needs for inventory, renovations, equipment, marketing, or redesigning your website. NOVA Bancard’ Small Business Loans provide access to commercial loans with the flexibility of smaller, fixed payments to help plan and manage cash flow better.

Merchant cash advance faqs

Have questions? We have answers on everything you need to know about this flexible way to get real working capital for your business. Read More…

  1. What is a Merchant Cash Advance?

    Merchant Cash Advance (MCA) is a working capital solution for businesses that process credit and debit card sales. It’s not a loan but a very flexible way to get the funds your business needs for inventory, renovations, equipment, marketing, and more.

  2. Which businesses qualify for a Merchant Cash Advance?

    Many businesses in many industries can qualify; one main requirement is that the business processes debit and credit card sales. Businesses that often benefit from an MCA include online sellers, restaurants, retail, bars & clubs, automotive service stations, spas & salons, florists, and medical or dental offices.

  3. How much can my business get with a Merchant Cash Advance?

    It varies based on the situation, but funding amounts usually range from $5000 -$150,000 per location.

  4. How long does the pre-qualification process take?

    The pre-qualification process can take 5 minutes, with funds in your account in as few as 5 business days. But, in some cases, it can be as quick as 72 hours.

  5. What is the interest rate?

    Since an MCA isn’t a loan, it doesn’t have an interest rate.

  6. How does the lender get the credit and debit card receipts it buys?

    As part of an MCA transaction, your business directs its card processor to send the lender a fixed percentage of the business’ credit card receipts when its card sales are “settled”. The lender gets the same percentage whether your card sales are large or small. This way, the dollar amount remitted to the lender rises and falls with your card sales.

  7. Will you review my personal credit history?

    The credit history of the business owner will be reviewed as part of our qualification process. It’s important to know that an MCA isn’t based on FICO, so a business owner’s damaged credit history isn’t an automatic disqualifier for the business.

  8. Do I need personal collateral?

    The good news is no personal collateral is required to receive an MCA

Small business loans

At NOVA Bancard, we’re all about saying “yes” to your financing needs. Plus, you can count on the predictability of smaller, fixed payments to help plan and manage cash flow better. And unlike with other lenders, the application process takes hours, rather than weeks. We’re totally different from those finance companies that rely mainly on your personal credit score and collateral. Instead of focusing on just these one or two factors, we work hard and finds ways to say “yes.” With NOVA Bancard, choice is key. Are you solving for a specific dollar amount, or the smallest payments or the shortest term? We’re ready to help you select the terms that are right for your needs. Read More…

How to qualify

We make it simple to get working capital

A business loan through NOVA Bancard takes the best aspects of business loans and make them better. Plus, we serve hundreds of types of industries. So whether you’re a restaurant, a medical office, or a hair salon, we’re all about helping meet your needs. And we make it easier to qualify for a business loan than others out there.

Qualification requirements (and some legal stuff) at a glance

  • Good news: An owner’s damaged credit history isn’t an automatic disqualifier for the business.
  • The same business ownership at the same location for a minimum of two years.
  • Your business should be located in the US.
  • Can only be used for a business purpose. We do not provide consumer loans.
  • Must be up to date and current with your landlord – if you have one.
  • No open bankruptcy or a bankruptcy resolved within 12 months prior to receipt of application.

How does it compare?

  Conventional Bank Loan SBA Loan Home Equity Loan Credit Cards NOVA Bancard Business Loan
May qualify even if turned down elsewhere          
Minimal documentation          
Fast approval process          
No personal collateral          
Get funding in as few as 10 days          

You probably see lots of competing loan options out there. But how do you choose what’s right for your business? Take a look at the chart below, which clearly lays out the differences between our loans and some of the most common options.

Small business loan faq

  • 1. What’s a business loan through NewLogic?

    A commercial loan with fixed payment amounts, a maturity date, etc. But a business loan through our plan is much more flexible than a traditional business loan because you have a say in crafting how much the loan is for, how long it will be outstanding and your payment amounts. Read More…

  • 2. Which businesses qualify?

    Many businesses qualify as long as they’ve have been under the same ownership at the same location for at least two years, and meet other general qualifications. There are some industries that won’t qualify for a business loan through NOVA Bancard, including (but not limited to) the adult entertainment, gambling, real estate mortgage or collections industries.

  • 3. How much can my business get?

    A qualified business could receive up to $150,000 per location.

  • 4. How long does the pre-qualification process take?

    We make our initial risk determination in minutes. It usually takes a few business days to get approved and funded. Bigger deals take a bit longer.

  • 5. Will you review the owner’s credit history?

    Yes. As with any loan, the guarantor’s credit history will be reviewed as part of the borrower’s qualification process. But unlike traditional loans, an owner’s damaged credit history isn’t an automatic disqualifier for the business.

  • 6. Does the business owner need to pledge personal collateral?

    The business owner doesn’t need to pledge personal collateral, but the business will be expected to pledge its assets as collateral.

  • 7. Can I get a start-up Loan?

    These loans are for businesses that have been operating under the same ownership for a minimum of two years. We do not offer start-up loans.

  • 8. Do I need to process credit cards?

    No.

Healthcare Funding


Working Capital

Working capital

This program is perfect for the healthcare professional that needs funding immediately. Our working capital programs range from $20,000 – $200,000 and are the perfect way to increase operational cash flow, pay taxes, improve marketing and serve your general capital needs. Read More…

At NOVA Bancard, we understand how frustrating it is to navigate through all of the confusing loan options out there today. We know that a long approval process with overwhelming requirements can give you second thoughts about your lender.

NOVA Bancard’s Working Capital Loan is the perfect program for the healthcare professional that needs immediate funds. With up to seven (7) year terms, affordable rates and a hassle-free process, it gives you the flexibility to use the funds when and where you decide. Whether it is to increase operational cash flow, cover payroll, pay for marketing or create an emergency cash reserve, BHG is there for you in times of need and in times of growth.

Many of your colleagues have already discovered that the Working Capital Loan from NOVA Bancard is the fastest financing option for healthcare professionals. NOVA Bancard has built a tradition of working with customers to find the program that best fits their needs and provides them with access to the funds they require to ensure a prosperous future

Unlike other lenders, we are concerned with more than just getting you to sign on the dotted-line. Our goal is to develop a long-term relationship in which we become your trusted source for all of your financial needs.

At your convenience, one of our expert Account Representatives will be available to assist you in securing up to $200,000 in working capital. NOVA Bancard can approve you within 24 hours and have the funds in your hands within a week.


Debt Consolidation

Debt Consolidation

Do you have multiple revolving business related debts with high interest rates and balances? Having numerous due dates can be overwhelming and highly stressful. Wouldn’t it make your life easier to make one smaller, affordable monthly payment to only one lender? Unlike traditional lenders, NOVA Bancard understands the commercial debt obligations that healthcare professionals face. We have the private equity available to consolidate your debt today. Read More…

NOVA Bancard Program Benefits:

  1. Loans from $20,000 to $200,000
  2. 24 hour approval
  3. Funding in as little as 5 business days
  4. Will not appear on your personal credit report
  5. Consolidate commercial debt into a single payment
  6. Reduce monthly payments and free up cash flow


Equipment Financing

Equipment Financing

When a vital piece of equipment breaks down or you seek to provide new services for your patients, NOVA Bancard is here to help. Our experienced staff will work with you to develop common-sense financial solutions at competitive pricing to ensure that your practice is well-equipped for years to come. Read More…

At NOVA Bancard, we understand that no one knows better than you when you need to purchase new equipment to better serve your practice. As a candidate for our Equipment Financing Program, we can approve you within 24 hours and have the equipment you need in your hands within a week, and in some cases, as soon as 48 hours. The sooner you apply, the sooner you can equip your practice!

Many of your colleagues have already discovered that the Equipment Financing Loan from NOVA Bancard is one of the most effective and hassle-free financing options for Healthcare Professionals. We have built a tradition of working with Professionals like you to find the program that best fits your needs and provides you with access to the funds you require to ensure a prosperous future for your practice; a tradition that has been rewarded by the repeat business of many of our customers.

At your convenience, one of our expert Account Specialists is available to assist you in securing up to $200,000 in Equipment Financing funds for your practice. Because we believe in you and your proven record as a healthcare provider, NOVA Bancard can approve you within 48 hours and have the funds in your hands within a week. So why wait another minute?


Expansion & Improvement

Expansion & Improvement

What about your plans to expand or remodel that you’ve been putting off? Let our team help you get started on them today with a fixed rate loan, with no hard collateral required. Read More…

At NOVA Bancard, we understand how frustrating it is to navigate through all of the confusing loan options out there when it comes to growing or improving your practice. We also understand that a long approval process with overwhelming requirements to get a loan can give you second thoughts. Despite bank bailouts in the billions, lending by banks has fallen by its largest amount in over 60 years. With the FDIC monitoring over 800 banks in risk of failure, isn’t it time to consider firing your bank before they disappear on you?

Many of your colleagues have already discovered that the Expansion and Improvement Loan from NOVA Bancard is one of the most effective and hassle-free financing options for Healthcare Professionals. We have built a tradition of working with Professionals like you to find the program that best fits your needs and provides you with access to the funds you require to ensure a prosperous future for your practice; a tradition that has been rewarded by the repeat business of many of our customers.

At your convenience, one of our expert Account Specialists is available to assist you in securing up to $200,000 in Expansion and Improvement funds for your practice. Because we believe in you and your proven record as a healthcare provider, NOVA Bancard can approve you within 48 hours and have the funds in your hands within a week. So why wait another minute?


Practice Aquisition

Practice Aquisition

Whether you’re purchasing your first practice or just buying out a partner, NOVA Bancard can provide the capital and experience that you may need to make your transaction as smooth as possible. Read More…

Whether you’re buying your first practice or just buying out a partner, NOVA Bancard can provide the capital and experience that you may need to make your transaction as smooth as possible.

With banks and brokers no longer providing the funds you need or forcing you to jump through countless hoops, why not give NOVA Bancard a chance to make your life easier.

At your convenience, one of our expert Account Specialists is available to assist you in securing up to $200,000 in funds for your practice. Because we believe in you and your proven record as a healthcare provider, NOVA Bancard can approve you within 48 hours and have the funds in your hands within a week. So why wait another minute?

The best part is there are no up-front costs, EVER. NO Commitment & NO Obligation until you actually receive the funds.

Become a Customer

Nova Bancard offers Mechant Credit Card Processing for all your payment processing needs. Please complete our application to begin the profitable journey of becoming one of our customers.

Questions? 1-800-394-2780

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