Below you will find a list of frequently asked questions. Please click one
of the topics to view the question and answer.
How
can IMI Service help fund my business needs?
We offer a revolutionary new financing program designed to help you manage your
cash needs by providing you with a more responsive alternative to traditional
bank lending.
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How does the program work?
IMI Service's product is a revolutionary way to finance your business operations.
The most important thing to remember is that it's not a bank loan. So there are
no loan payment books, no dealing with people who don't understand your business,
none of the traditional bank hassles, and most of all…no more "no's."
IMI Service transactions are based upon your future sales. We take a previously
agreed upon percentage of your future sales. You can monitor your account on the
Web site. It's as easy as that.
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How do I know if I qualify for one of the programs?
You must have been in business for more than 12 months and have at least $1700
of credit card sales per month, and meet other simple requirements.
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What
can I use the money for?
Most of our customers use the money for business-building needs like adding more
seats to their restaurants, advertising, or stocking up on seasonal merchandise.
Others have used the capital to buy out a partner or for emergency needs like
unforeseen maintenance issues that could interrupt your business.
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How soon can I get the money?
The average time from receipt of a contract to funding is usually under 10 working
days.
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Do I need to change credit-card processors?
You may need to change credit-card processors. It is the unique way you pay back
your capital funding. Our affiliated processors guarantee to meet-or-beat the
transaction rate on your processing needs.
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What kind of discount do I get if I pay early?
Since this is not a loan, there is no monthly payment schedule. We get paid only
when you get paid. We purchase a specific amount of your future sales.
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Why
do you have to review my personal credit?
A business-friendly scoring model that blends general economic data, business
and guarantor information to assess risk. Considering your personal credit is
an important part of the process.
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What qualifies as proof of ownership?
Articles of incorporation, board-meeting minutes, a bank signature card, a corporate
tax return, or a business license showing the guarantor's name as an owner are
all great proofs of ownership.
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How often are payments deducted?
Repayment is retrieved from each day's sales.
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Will I get a monthly statement?
Yes, you will receive a printed monthly statement.
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What do you mean by "gross volume?"
Gross volume refers to your total receipts from all sources, including cash, credit
cards, debit cards and checks.
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