Cash Advances 

This page last reviewed May 13, 2015

Most merchants are familiar with business loans and credit lines, but there is another way of receiving financial assistance through cash advances. A cash advance basically is an alternative to a business loan. It will provide a business owner a cash advance based on future credit card sales. The money is advanced to the business owner by purchasing an agreed amount of future credit card receivables. It is repaid with a small, fixed percentage of owners daily credit card transactions until the advance is satisfied.

Where can I get more information?

To get more information about AB 998, please contact Mei Fong at (916) 324-2570.  If you would like to be notified of news related to AB 998, please subscribe to the dry cleaning email list server.