Flexible Business Funding Repayment Options
Split Funding Program
90% of our customers prefer to change to one of our preferred credit card processors because we guarantee to lower the merchant processing fees. If the credit card equipment you are currently using is compatible, you will continue to use that equipment. If for some reason it is not compatible, Horizon Financial Group will send you a new machine absolutely free.
Once the processing is switched over, we will wire the funds to your account. Once the funds hit your account, the processor will start automatically deducting the agreed upon fixed percentage from your credit card sales to pay back the capital.
Automatic Debit Program
The first option you have to stay with your current credit card processor is our Automatic Debit Program. This option is very simple. The customer will provide Horizon Financial Group with online access to their merchant account, so that we will be able to monitor the daily credit card sales. One of our Customer Service Analysts will wait for the credit card sales to deposit to your bank account, and then debit the agreed upon fixed percentage that is owed to pay back the capital.
What's the next step?
If you have been in business for at least 90 days, and make monthly deposits of $10,000 to your business bank acount, apply today.
FAQS
1. What repayment options are available for business funding?
Horizon Funding Group offers flexible repayment options including daily, weekly, and monthly payment plans. These options are designed to match your business cash flow and ensure manageable repayments.
2. Can I choose a repayment plan that fits my cash flow?
Yes, repayment plans are customized based on your business revenue and financial cycle. Whether you prefer smaller daily payments or less frequent monthly payments, you can choose what works best for your operations.
3. Are there any hidden fees in repayment terms?
No, Horizon Funding Group provides transparent repayment structures with no hidden fees. All terms are clearly outlined before approval, so you know exactly what to expect.
4. Can I pay off my business loan early?
Yes, early repayment options may be available depending on your funding agreement. Paying off early can help reduce your overall cost and improve your financial flexibility.
5. How are repayment amounts calculated?
Repayment amounts are calculated based on your funding amount, term length, and selected repayment schedule. The goal is to ensure payments remain affordable and aligned with your business cash flow.