FAQs about Alpha Capital Source
Q: What is Alpha Capital Source?
A: It is a company that directly funds merchant cash advances from $5,000-$500,000 to businesses with bad credit. Additionally, the company claims to work with businesses that may be having trouble qualifying for other financing options. Businesses in all industries in the 48 continental states can apply.
Q: Why would a business work with Alpha Capital Source?
A: The company funds the advances directly, and claims to have a quick application turnaround so you can feel as though the process is simple. Additionally, the company offers “lenient” guidelines on credit scores and other qualifications, such as time in business, gross revenue, and negative revenue days per month.
Q: How is a merchant cash advance repaid?
A: With a merchant cash advance, a business pays by guaranteeing a portion of their sales. This can be done often, draining the business of valuable cash flow and resources. With Alpha Capital Source, this debit is withdrawn five times a month. Because of this frequency, merchant cash advances often come with incredibly high interest and APRs. In fact, the better the business’s sales are, the higher the APR will be.
Q: How can I contact Alpha Capital Source?