small business cash advance
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Payment Procedures
CCRF is paid back automatically. AML initiates an ACH to the business checking account based on the amount of Visa/MC sales and the agreed upon payment percentage. It means that the 100% of the merchant's settlement is deposited to the merchant, and AML debits the merchant's account for the daily payment (usually on the same day of the settlement deposit). Therefore, it is very important that the merchant leaves enough balance in the bank account to cover AML's payment. AML charges the borrower for the same amount AML gets charged by its bank for bounced payment. Currently, it is $10 per NSF returns.
This means that the merchant statement will be completely free of any loan related activities. All loan related transactions will only show up on the merchant's bank account.
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