FAQ’S
Frequently asked
question
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Our agreement to buy your future receivables is primarily based on sales history and the probability of having future sales.
No. You do not need to accept credit cards. We purchase all forms of business receivables, including cash, checks, and invoices.
We collect a percentage of your gross deposits from your checking account, credit card processing transactions, or vendors depending on the program.
Powercap funding pays your business $10,000 upfront in exchange for $10,800 of proceeds from future sales.
Because this is not a loan, there is no interest rate or APR associated with purchasing future receivables.
Your business needs to be open for at least 3 months to be eligible to sell receivables to Simply Funding.