FAQs about Everest Business Funding
Q: What is Everest Business Funding?
A: Everest Business Funding claims to provide working capital to small businesses through merchant cash advances from $5,000-$1 million. The capital can be used for payroll, renovation expenses, opening new locations, equipment purchases, etc. The company claims to work with businesses in industries such as healthcare, food service, trade, seasonal business, and retail.
Q: Why would a business work with Everest Business Funding?
A: The company claims to have flexible funding options and an easy application, with an approval decision and access to funds in 24 hours. As a result, the ease, speed, and convenience may be tempting to business owners in need of fast cash.
Q: How are merchant cash advances repaid?
A: A business repays a merchant cash advance by guaranteeing a portion of the business’s sales to the creditor on a daily, weekly or monthly basis. Therefore, based on the loan term and the business’s success, APRs on merchant cash advances can reach triple digits.
Q: Where is Everest Business Funding located?
A: 8200 NW 52nd Ter.
Doral, FL 33166
5 West 37th Street
New York, New York 10018