When a business accepts credit cards as a form of payment, they can receive fast access to capital, contingent on future revenues/ receivables. The lender uses information, such as a company’s credit card volume to determine the amount of money that can be advanced. The payment amount to the business can fluctuate and is dependent upon the amount of future credit card sales. The funds are collected through the merchant’s daily deposits.
Prior to approving a new merchant, the funding provider has cause to verify the location, operation and health of the business prior to granting access to funds. The fastest, most effective and thorough way to for them to obtain such verification is to hire Metro Inspections, an unbiased, third-party inspection provider with
an understanding of the industry-specific concerns and a national network of well-trained, vetted professional inspectors. Metro Inspections will assign an inspector to visit the business location, make several observations such as verifying the address, signage, whether the signage matches the business name, the size and quality of the business operation, type of business and other observations, as deemed necessary by the Merchant Funding & Cash Advance Provider. Metro Inspections will then analyze, scrutinize, and compile the results in order to submit them to the Provider through our state-of-the-art Inspection Management System. The Provider is then able to assess the findings as they make final determination on the approval of the application for the Merchant Cash Advance/Business Funding.