Frequently Asked Questions

Financing is a complicated matter, and we often encounter a number of questions about how we help our clients succeed. Here are the answers to the most frequently asked questions.

What if I have a start-up business?

Sorry at this time we are unable to provide working capital or a merchant cash advance to businesses with less than 3 months in business.

Where are Vertical Advance offices?

Vertical Advance is located in Nassau County, New York in the town of Rockville Centre.

Vertical Advance's executive office is located at 265 Sunrise Highway, Rockville Centre, NY 11570

Who is Vertical Advance?

Vertical Advance is a New York based finance company in Rockville Centre, New York. Vertical Advance specializes in providing working capital for restaurants, boutique hotels, hospitality businesses, retail establishments and many other businesses.

How does the Vertical Advance program work?

Our program provides maximum flexibility with minimal aggravation and loan amounts up to $500,000 per location. Choose your term starting at 12 weeks and in some cases extending to 104 weeks, with numerous terms in between and pay off anytime you like, without penalties. We have a streamlined application process, require minimal documentation, and we fund quickly – often in as little 5 to 7 business days. Collateral is not required on amounts up to $500,000, and repayment never interferes with your credit card stream.

What size loan can I get and how do I qualify?

We use actual gross sales to determine your loan amount. Potential loan amounts vary from 6% to 12% of your total annual sales (cash and credit card sales – actual or projected) and your credit worthiness. Example: If your average monthly sales volume is $100,000 or $1,200,000 annually, your potential loan amount is $60,000 to $144,000. If sales increase over time, you may qualify for additional amounts. All loans are subject to Vertical Advance’s standard underwriting criteria.

How do I get the money?

After your loan is approved, we typically wire transfer the loan proceeds directly to your business account. A traditional check can be mailed to you if you prefer. Disbursement options are available to pay vendors directly for equipment purchases. This enables you to free up cash flow for other important purchases and expenses.

How do I apply?

Simply fill out the online application, or call us and speak to a Vertical Advance Loan Officer.  From there, we can establish your loan needs and start the process.  You’ll be asked to fill out a simple loan application form and provide 4 months of your most current credit card and bank statements to document sales. Once submitted, we will do the rest. Proceeds can be wired directly into your bank account. The whole process is easy and typically takes 5 to 7 business days!