What is Advanceit

 

Advanceit is the first and only Canadian source of Merchant Cash Advances. We work with approved debit and credit card processors to provide merchants with business financing based on their Electronic Payment Sales. By working with the largest Canadian debit and credit card processing companies, merchants can receive funding without having to change their current bank account or processing company. Our competitors require merchants to open a third party trustee account where all debit and credit card sales will primarily be deposited  prior to being transferred to the merchant’s bank account, postponing the merchant’s settlement  by 3-6 day.

Our goal is to provide small and medium sized businesses with a flexible way to grow their business without impacting their cash flow. We make the process of obtaining working capital quick and easy, ensuring that you won't encounter the difficulties associated with traditional bank loans and factors. Advanceit is now the trusted partner of merchants all over Canada.