About Us
History
Located in Aurora, Colorado, ePayFunding has been providing merchants across the nation with tools to make their businesses more successful through a wide array of payment solutions since 2007. Michael Dinnen, the sole owner of ePayFunding and ePayData has been in the payment industry since early 2002.
ePayFunding and our sister company ePayData Inc. combine state-of-the-art technology, leading edge products and services with uncommon customer support to provide business with the optimal payment solutions they need to grow and prosper.
Working Capital Program
At ePayFunding, the process is simple. We purchase a small portion of a businesses future receivables and provide merchants with working capital within 48 hours. Unlike Traditional lenders, we do not base our approvals on credit scores. Since we are more interested in the overall vitality of the business, approvals are based on the merchants monthly revenue. If a business generates at least $5,000.00 a month in revenue, ePayfunding will purchase a percentage of the merchant’s future receivables, up to 200% of their monthly volume, and advance the value of those receivables up front. ePayFunding recovers the advance by collecting a small percentage, typically 10-25% of the merchants daily credit card sales or business bank deposits until the advance has been paid in full.
Simple and Straightforward
There are no lengthy loan applications or credit checks.
After answering a few questions and submitting minimal documentation funds can be transferred to the business within 48-72 hours following final approval.
ePayFunding will deduct a small fixed percentage from either the merchants credit card receipts/batches or will set a fixed daily payment amount that will be deducted directly from the merchant’s business bank account.
Convenience
Funding cash flow needs with ePayFunding allows merchants to focus on growing their businesses without concern for a lengthy loan process, extra check writing, late payments or late fees
Flexibility and Control
There are no limitations as to how merchants utilize the advance funds. The merchant is free to use the funds to purchase new equipment, inventory, hire employees or even Increase advertising. Along with that if sales are down for a month, no problem, ePayFunding will only collect the same small percentage of the merchants total credit card receipts. For the merchant, it’s just business as usual.
Pre-Approval Requirements
Here at ePayFunding the pre-approval process is simple.
Merchant’s are provided with a single page application and asked to provide the following two items
- Three months of recent business bank statements
- Three months of recent credit card processing statements