Paramount Merchant Funding
- Paramount Merchant funding is one of the premier small business loan lenders in the merchant cash advance industry. They have been in business for over 5 years, with lots of experience both in underwriting, merchant processing, and merchant funding.
- Paramount requires a minimum of 3 months bank statements, and 4 months most recent processing statements. Businesses that process at least $2000 and have been in business longer than 4 months qualify for an advance. For businesses that have extremely poor credit, starter advances are available. Seasonal business are requested to submit a full years worth of processing in order to gain a true assessment of the business’s strengths and busy seasons. Underwriting usually takes place within 24 hours pending the merchant has submitted the correct documentation. A point of pride of the company is fully underwriting a merchant’s file before sending contracts – something not all merchant cash advance companies abide by.
- A large plus is the ACH and Lockbox methods that Paramount offers that many other lenders do not offer. Additionally, a prepay option is also available to merchant who are interested to pay the advance off early – and the money is discounted significantly.
- If a merchant is looking for excellent rates on their money, good customer service, and most importantly – getting their business funded in a timely manner, Paramount Merchant Funding is the place to look.