First Star Capital is now offering small to medium sized businesses a working capital funding option known as a cash advance.  These advances are not considered to be loans or debt obligations.  The funds are advanced against future Visa® and MasterCard® sales. There is no fixed payment amount or repayment term and no Personal Guaranty required from the business owner.  Instead, a small percentage of the daily Visa and MasterCard receivables are collected until the advance is repaid.  A cash advance from First Star provides merchants with needed working capital allowing them to keep existing credit lines open and available or to avoid the cumbersome restrictions of traditional bank financing all together.

With a working capital cash advance from First Star you get immediate cash deposited into your business bank account in exchange for a fixed dollar amount of your future credit card sales.  This lump sum of cash can be used for any business need including advertising, inventory, payroll, taxes, software or unexpected expenses such as maintenance or the replacement / upgrade of equipment.

As long as your business has been established for greater than one year and processes at least $4,000.00 per month in credit card sales (Mastercard & Visa) you will be a candidate for a working capital cash advance from First Star Capital.

Application requirements:

• Completed First Star Capital Cash Advance Application (signed & dated)
• Most recent 3 months of business bank statements
• Most recent 3 months of credit card processing statements

Some applicants may also be required to submit:

• A copy of their current merchant processing equipment lease
• A tax return or financial statement

Apply Now! - Working Capital Cash Advance Credit Application - .pdf editable form

First Star Capital is now offering small to medium sized businesses an Accounts Receivable Factoring program.  This specific type of Working Capital, has been designed to provide capital, based off of incoming Accounts Receivable. If the majority of your business occurs through receivables and you occasionally suffer from cash flow limitations? Then Factoring may be the answer to your cash flow crunch. Factoring your accounts receivables benefits your business in many ways. Having the ability to factor individual accounts or an entire portfolio can provide much needed flexibility with the desired amount of cash liquidity.

The liquidity that factoring accounts receivables provides, allows your business to focus on its core competencies as well as the day-to-day operations. Don’t waste precious time and effort worrying about collections and cash flow limitations. With First Star Capital’s factoring programs, turn future cash into present-day cash in hand. Get started today, pre-approval in 24 hours.

Application requirements:

• Completed First Star Capital Factoring Application (signed & dated)
• Most recent 3 months of complete business bank statements
• Copy of owner's driver's license

Additional documents required upon pre-approval:

• Articles of Incorporation
• Current A/R detail aging report
• Sample Invoice

Apply Now! - Working Capital Factoring Credit Application - .pdf editable form

First Star Capital is now offering small to medium sized businesses a Purchase Order Financing program. This specific type of Working Capital financing, has been designed to provide funding for your organization with large purchase orders that may otherwise strain cashflow and liquidity. The Purchase Order Finance Program provides 100% “Cost of Goods” financing as  necessary to fulfill your customer purchase orders. Purchase order financing can be the solution to meeting your customer’s needs.

Don’t let large governmental or commercial contracts slip through your fingers again. A Purchase Order Finance program will allow your company to accept and/or bid on larger contracts regardless of current capital availability. First Star Capital’s programs can supply the needed capital for your growing organization, and the customers you serve. Get started today, pre-approval in 24 hours.

Application requirements:

• Completed First Star Capital Purchase Order Application (signed & dated)
• Copy of Driver’s License For Principal Officer(s)
• Copy of customer Purchase Order

Additional documents required upon pre-approval:

• 2 Personal References
• Articles of Organization
• Business or reseller’s license
• Most recent 6 months of business bank statements
• Current A/P & A/R Aging Reports
• Current Year-to-Date Financials (Income Statement & Balance Sheet)
• Most Recent Business Tax Return
• Voided business check
  

Apply Now! - Working Capital Purchase Order Financing Application - .pdf editable form