Bitty advance application is for all those entrepreneurs who wish to furnish capital to entrepreneurs stemming up in all 50 states. A Merchant Cash Advance (MCA) servicing is an agreement for planning an exchange of future business revenue with an amount of cash served immediately to the entrepreneurs.
MCAs are used by almost all businesses including small-time businesses like restaurants, trucking, doctors, construction, consultants, and healthcare.
Bitty is a funding company, and the funds are generated for every small and medium-sized entrepreneurial start-up. It is the best for those who are struggling to receive funding. They offer funding amounts from $2,000-$35,000 and are often regarded as the head of the cash advance industry for merchants.
The loan term is for a span of 3 to 9 months. Instead of charging interest, the businesses will have to pay a fixed fee. But, then when taking the loan there will be a processing fee and also an ACH fee. Additionally, people need to pay a monthly maintenance fee of $49 per month. Renewal is possible after someone has paid off half of the loan amount.
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What Are Bitty advance Requirements?
To qualify for the Bitty advance requirements, you need to have the following requirements fulfilled.
- You must be able to show a $5000 monthly bank revenue.
- A credit score of 400 or higher.
- A business bank account opened at least three months before.
- The customers should already be in the same business for at least six months.
When you have to apply, you will have to produce three months of bank statements, a voided check, and a driver’s license.
Bitty advance Application Online Process (Step by Step)
You can get started with the loan by filling out the Bitty advance application either online or by dialing the number 800-324-3863. Ensure your business meets the requirements and then follow the below steps.
- You can visit the Bitty advance website to find out more about what you will need to do for getting the Bitty cash advance.
- Request the partner agreement and then fill up the W-9 form.
- Raise a request for the deposit form and then send an email with all the documents to them.
- Wait for their call while they approve your Bitty Advance application.
- Once you receive the welcome email from us you will be able to access their portal.
Is Bitty advance Legit?
You will be routed to encrypted sites where you would receive a personal call from a person before the amount is transferred to you. Once you have signed up the terms and conditions of the company would be shared with you.
Contact Details
Contact detail for Bitty cash advance is the toll-free phone number 800-324-3863.
FAQs (Frequently Asked Questions)
Does Bitty cash advance take applications directly from applicants?
The Bitty cash advance will take applications only from brokers and affiliates and will not accept applications straight from the applicants.
How long does Bitty Advance take to send money deposits to your account?
Funds can appear right on the next day in your account and payments are done weekly for a span of two years at a stretch.
Conclusion
The Bitty cash advance details are essential to learning to understand the right process of applying to enable receipt of funds. In this article, we tried to give more information about the Bitty Advance application process details. Read them carefully if you have a business that needs some monetary support at the moment.
