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Frequently Asked Questions

What is a Swift Capital cash advance and how does it work?

When you need fast cash, Swift Capital can help. We provide cash advances to businesses with a proven record of sales. It only takes a few minutes to qualify by calling our account executives at 888-923-0007. After answering a few questions, they’ll let you know exactly how much money you qualify for.

Once all the paperwork is provided, you can receive your cash advance in as little as 48 hours in a transfer right to your bank account. There are no hidden fees; you pay back your cash advance Monday through Friday (excepting bank Holidays) each time you batch your credit card sales for the day.

Why should I choose Swift Capital?

Your business is your passion. Ours is helping you find the cash flow you need to keep things running smoothly. We operate with the highest standards of integrity to ensure you know all the facts upfront each and every time you work with us. We’re committed helping you find solutions for all your business funding needs.

Why is a cash advance better than a business loan or credit card advance?

Basically, a cash advance is much faster than traditional lending channels. A bank loan, for example, may take months to get approved. You’ll be required to provide extensive financial and personal paperwork, and financial records. A personal guarantee is often necessary to have a bank loan approved, as well.

Credit card advances, on the other hand, include very high interest rates, hidden fees, and, often, strict pay back terms. They can also take several weeks or longer to get approved.

Since cash advances are unsecured private funding, they are a faster, easier way of immediately rectifying your cash flow needs. Often, payback fees are much lower, as well, making cash advances a more affordable option to resolve immediate funding concerns.

How do I qualify (and get started with) a Swift Capital cash advance?

If you’ve been in business for over a year with average monthly of at least $3,500 in credit card sales, you most likely qualify. Get started by calling us today at 888-923-0007. Finding out how much you qualify for only takes about five minutes. Be prepared to provide us with any of the following that apply to you and your business model:

  • Your name
  • Offer code (if applicable)
  • Social security number
  • Average monthly sales revenue
  • Monthly credit and debit card sales volume
  • Number of years in business
  • Type of business
  • Ongoing business liens or judgments against you

How much can I qualify for?

You will be qualified for a cash advance based on the average amount of sales your business generates each month. (If you aren’t sure what your monthly sales are, just divide your yearly sales by 12 to get the monthly average. For example, if your business did $120,000 in sales last year, your monthly average was $10,000.)

To get the most accurate answer to how much you qualify for, please have your financial statements and/or business tax returns in front of you when you call us at 888-923-0007.

Will a personal guarantee be required?

No. Unlike a bank loan, a cash advance does not require collateral. Keep in mind you may be held liable in the event of fraud or misrepresentation. Please read your contract carefully to ensure full compliance with our cash advance guidelines.

How fast can I get my cash advance?

This depends on you. If you immediately provide all necessary documentation, the money will be transferred directly into your bank account in about three business days.

Why is it so fast? Unlike banks, our process is simple. You aren’t required to provide any personal financial statements or business projections (also called forecasts.) We simply look at your monthly sales revenue, then, typically, request you provide your last four consecutive credit card statements and last two business banking statements. Our question on how to qualify outlines a few more specific questions you’ll be asked, as well.

What does it cost to apply for a Swift Capital cash advance?

It is completely free to call us today at 888-923-0007 to determine how much money you qualify for. There are no upfront fees, out-of-pocket expenses or application fees associated with your inquiries.

How do I make payments?

Swift Capital offers a few different types of cash advances. Most likely, you’ll participate in our merchant services cash advance. In this case, your cash advance funding is based on your monthly credit card sales revenue. Therefore, repayment is directly correlated to your credit card sales.

Each night when you close out (or batch) your credit card sales for the day, a percentage of sales will be automatically transferred to us as repayment of your cash advance. Basically, you only pay us when you get paid.

During a high sales month, you’ll pay us back faster. If business is slow, you pay the same small percentage of sales to us, so it may take longer to pay off your cash advance. Easy, right?

How do I know how much I have left to pay?

You can log into your account with us at any time by visiting us at SwiftCapital.com and going to the Sign in page. Enter your email and password to securely access all the details about your cash advance, application status and repayment terms.

Do I have to switch my credit card processor?

No. You simply need to redirect a portion of your sales (our agreed upon percentage of repayment) to us. We work with all the top credit card processors to ensure this process is as painless as possible for you. If you ever have any questions, call us at 888-923-0007 to learn more.

How much does Swift Capital cash advance cost?

If you shop the market for the best pricing for a cash advance, you’ll notice one thing: Swift Capital charges about 50% less than anyone else. We offer the best price, guaranteed.

How is that possible? We’re committed to seeing your business succeed, not taking advantage of your cash flow problems. Therefore, your rates depend solely on your financial business history and the documentation you provide us.

Our attention to detail and careful assessment of your records allows us to charge as little as 7.9% for a cash advance. You’ll only pay Swift Capital back for the full amount of your repayment; there’s never any hidden fees or costs.

If I need additional money, can I qualify for a secondcash advance from Swift Capital?

Absolutely. After about 60% of your original cash advance has been paid, we’ll be happy to work with you on procuring additional funds for your business. Just call us at 888-923-0007 for details. Don’t forget that you can track your repayment by signing in to our online portal at SwiftCapital.com

Can I get a cash advance from Swift Capital if I already have a business loan?

Sorry, but this isn’t a simple answer. While you won’t be excluded from a cash advance, we don’t want you to get in over your head with repayments, either. In order to help you, we’ll need to assess your overall business financial status based on the accounting documentation you provide. Call us today at 888-923-0007 to get specific answers right now.

Who are Swift Capital’s cash advance clients?

If you own a business that does at least $3,500 in credit card sales per month, you may qualify to work with us. Our clients are everyone and anyone who meets these basic criteria. From mom and pop operations that are trying to expandto big corporations who need a bit of help making payroll, there’s absolutely no limit as to who we’ll help get the fast cash they need to keep their business running smoothly. Read more about Swift Capital.

What products does Swift Capital offer?

Swift Capital only offers one product; cash advances. A merchant cash advance allows us to provide you funding based on the total monthly amount of your credit cards sales. Repayment is just as easy since money will be directly transferred from your account to ours each night when you close our (or batch) your sales.

Additionally, if you are a new business who’s just getting started (three months or less) we may have alternate cash advance solutions available. Just call us at 888-923-0007 to explore what options may be available for you.

Does Swift Capital offer cash advances tailored to industries?

Yes, however, we service over 200 different industries, including service providers, restaurants and retailers. Whether you’re an online outlet or a busy warehouse, we’ll be happy to speak with you about qualifying for a cash advance. Call us today at 888-923-0007.

How does Swift Capital protect my privacy?

Just like any financial institution, we use state-of-the-art technology to ensure that your personal details are never at risk of being breeched. You’ll also note the checks and balances we’ve put in place on our online portal so your log in information stays secure. For added safety, be sure to only log into your account from a trusted computer and log out of our portal when exiting the website.

How does the daily repayment work?

You won’t believe how easy our program is. Each night when you close out (or batch) your credit card sales, a percentage of the sales will be directly transferred (from your merchant) to us towards repayment of your cash advance.

Each day, we’ll take the same percentage of sales. Any time you have a high revenue day, you’ll pay a little more towards your cash advance. If sales are slow, your cash advance will simply be paid back more slowly. Unlike a bank loan where a fixed amount is required each month, in essence, with our program you simply pay us when you get paid.

What if I forget my password?

Simply click the ‘Forgot your password?’ on the log in screen (under the Sign In Button.) You’ll be asked to enter your email so we can send you an email that links to your password.

Does my personal credit score matter?

To an extent. We ask that you have a credit score of at least 550 to qualify for a cash advance with us. However, you will not be asked for a personal guarantee and/or to provide personal financial statements the way you would with a typical business loan.

Our Products

Getting the cash flow you need has never been easier. Our products are designed to make the approval process fast and simple so you get the financing you need right away. Our cash advance solutions include:

Merchant Cash Advance

If you do at least $3,500 per month in credit card sales (with total business revenue of $10,000) you may qualify for a merchant cash advance. With this cash advance product, at the end of your business day when you close out (or batch) your credit card sales, a percentage will be transferred to us as repayment.

Benefits include:

  • No hidden fees
  • No personal guarantees
  • Pay us when you get paid
  • Reasonable repayment rates

Business Cash Advance

If your credit card sales totals don’t qualify you for a merchant cash advance, we also offer a business cash advance. It works the same way, excepting the terms of repayment. Instead of issuing payment automatically via a credit card vendor, with a business cash advance, you’ll pay us a fixed daily amount. Are you a new business?

If you’ve been in business at least three months, we may be able to help. We offer business starter advances specifically designed to help you get the cash flow you need to grow your business. Call us today at 888-923-0007 for details.

Call now at 888-923-0007 to get started. Read more in our FAQs section.

Our Story

Swift Capital began with a simple idea ... all business owners should be able to access capital based on the strength of their business ... not their personal credit scores.

We've been breaking down barriers ever since. From the first to offer instant approvals right over the phone, to the first to approve and wire funds within one hour, based on our proprietary scoring models that don't rely on a business owners personal credit score.

Every day we're thinking of new ways to extend working capital to millions of small businesses who've been overlooked by their banks.

Our People

Ed Harycki, Founder & CEO

Ed founded Swift Capital in 2007 to solve the age old problem faced by millions of small business owners ... how to get access to working capital to grow their business. With over two decades of banking experience, domestically and internationally, Harycki is credited with starting the first independent credit card company in the UK. Prior to starting Swift Capital, Harycki was the chief executive of MBNA’s business lending division, a leading direct marketer of small business credit products.

John Klose, Chief Technology Officer

John brings more than 15 years of technology and systems development experience, geared primarily towards banking, payments and online retail systems. He oversees the company's technology and systems, including technology strategy, technology and operating platforms, automation, and online customer experience. John joins Swift Capital from Amazon.com, where he was head of technology program management for Amazon Marketplace which supports millions of merchants and billions in sales globally with ecommerce marketplaces in the US, Canada, Japan, Europe, China and India.

Michael Coco, Treasurer

Michael boasts an undergraduate degree from Princeton University where he learned from his economics professors the significant balance between cash and credit. He has spent over 20 years as a treasury professional, focused on the obtaining the lowest prices at the least risk. His savvy approach to funding has given Swift Capital the ability to provide funding to over 10,000 Business across the U.S.

Andrew Kanzer, Head of Business Development

Andrew has a passion for bringing opportunity to business with innovative funding solutions. He strives to create new strategies for business expansion while keeping funding programs simple and easy to understand. With a degree from the University of Delaware, Andrew gained his understanding of the banking industry by spending several years with MBNA. He is a founding employee of Swift Capital.

Greg Buckley, Head of Operations

Greg appreciates a fast paced environment where results are both immediate and apparent. He consistently works to ensure Swift Capital maintains an innovative approach to change. He holds an undergraduate degree from Villanova University with an MBA from St. Joseph’s University. In his free time, he enjoys traveling in his 1977 VW Westfalia. To learn more, invite Greg out for a night of karaoke.


Sutter Hill

Sutter Hill Ventures has financed technology-based start-ups and assisted entrepreneurs in building market-leading companies since 1962. Through our decades of experience, we have developed strong industry networks, considerable operating and venture capital experience, and an understanding of the challenges that early-stage and high-growth companies face. We offer expertise in developing business strategy and partnerships, building management teams, and financing companies in both public and private markets.

Board of directors

Ed Harycki

Founder & Chief Executive Officer, Swift Capital

Ed Harycki is an entrepreneurial senior executive with over 20 years experience in financial services in the US and UK markets. Mr. Harycki has considerable experience in starting, financing and growing successful businesses, with a significant focus on banking and financial services. Previously, Mr. Harycki was the chief executive of MBNA’s $2.5 billion Business Lending division, where he more than doubled the profits during his two-year tenure. Additionally, Mr. Harycki was the Founder, Chairman and CEO of Accucard – the UK’s first independent credit card company – which was acquired by Lloyds Bank within its first three years of operations. Prior to starting Accucard, Mr. Harycki was a Director at Barclays Capital in London. Mr. Harycki holds an MBA from the J.L. Kellogg Graduate School of Management.

Tench Coxe

Managing Director, Sutter Hill Ventures

Tench Coxe focuses his investments in telecommunications hardware, application software, semiconductors, and payment infrastructure. Tench joined the firm in 1987 following his tenure with Digital Communications Associates in Atlanta, where he managed T-1 products and directed internal MIS and marketing. Previously, he worked with Lehman Brothers in New York City, where he was a corporate financial analyst specializing in mergers and acquisitions as well as debt and equity financing.

His current directorships include Artisan Partners, eLoyalty, FaceTime Communications, Kineto Wireless, NVIDIA, PINC Solutions, RedSeal Systems, Inc., Ruckus Wireless, SeeSaw Networks, Swift Financial and Tower Cloud, Inc. He was also responsible for the firm's investment in Alteon Networks, @mobile, Avant!, Copper Mountain Networks, Edify, Legato, Lynk Systems, Network Appliance, Grand Junction, NCD, OnStream Networks, Synernetics, Primary Access, and XcelleNet. Tench graduated from Dartmouth College with a degree in economics. He earned his MBA in 1984 from Harvard University's Graduate School of Business.

William F. Zuendt

Former President and Chief Operating Officer, Wells Fargo & Company

William Zuendt retired as president and chief operating officer of Wells Fargo & Company and its principal subsidiary, Wells Fargo Bank in 1997. Mr. Zuendt joined Wells Fargo in 1973 with responsibility for its computer systems and operations. Throughout the 1980s he directed Wells Fargo's retail banking business and was elected president in 1994.

Raised in Hicksville, New York, Mr. Zuendt earned a BS degree in mathematics from Rensselaer Polytechnic Institute in Troy, New York, and an MBA degree from Stanford University's Graduate School of Business. Mr. Zuendt lives in Mill Valley, California with his wife, Diane (when they are not camped in a National Park somewhere.)

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