Sasso Capital — Frequently Asked Questions (FAQ)
About Sasso Capital
- What does Sasso Capital do? We provide working capital and financing solutions for small- to mid-size businesses, including merchant cash advances (MCAs), lines of credit, term loans, construction loans, and advisory services (business sales, POS solutions, company formation, annual filings, and digital services: websites, CRMs, social media).
Loans & Products
1 What is a Merchant Cash Advance (MCA)? An MCA is a purchase of future credit/debit card receivables in exchange for a lump-sum advance repaid via a percentage of daily card sales or fixed remittances. It’s best for businesses with strong card volume and variable cash flow.
2. How does a Line of Credit differ from an MCA? A line of credit gives you access to funds you draw as needed and repay with interest only on the amount used. An MCA is a single advance repaid based on sales volume with a fixed holdback or factor rate.
3. What are Term Loans and when should I use one? Term loans are lump-sum loans repaid over a fixed schedule with interest. Use them for predictable capital needs like equipment purchases, expansion, or refinancing higher-cost debt.
4. What are Construction Loans? Short- to medium-term financing for building or renovation projects. Funds are typically disbursed in draws tied to project milestones.
Eligibility & Requirements
1. What types of businesses do you work with? We serve small- to mid-size businesses across many industries, particularly those with consistent card or revenue activity. Specific product eligibility varies by product and lender.
2. What are the general eligibility requirements? Typical requirements include business registration, recent bank statements, merchant processing statements (if applicable), basic credit and revenue history, and owner ID. Exact requirements depend on the product.
3. How much can I borrow? Amounts vary by product and underwriting: MCAs and lines often start in the low thousands; term and construction loans can be significantly larger depending on revenue, collateral, and project scope. Contact us for an assessment.
Rates, Fees & Terms
1. What rates and fees should I expect? Rates depend on product, term, business risk, and underwriting. MCAs use factor rates; loans use interest rates and fees. We’ll provide clear terms and a cost breakdown before you commit.
2. Are there prepayment penalties? Prepayment terms vary by lender/product. We’ll disclose any prepayment fees up front and can often negotiate borrower-friendly terms when possible.
Application & Process
1. How do I apply? Start by contacting us via phone, email, or the online application on sassocap.com. We’ll perform a brief prequalification, then request documentation for full underwriting.
2. What documents do I need to apply? Common documents: driver’s license/ID, business formation documents, recent bank statements (usually 3–12 months), merchant processing statements (if applicable), tax returns, and invoices or contracts depending on the request.
3. How long does approval and funding take? Prequalification can be immediate. Final approvals range from same-day to a few business days for MCA/lines; term and construction loans usually take longer (several days to weeks) depending on documentation and underwriting.
Business Sales & Advisory
1. Do you help businesses sell? Yes — we provide assistance and advisory services for preparing, valuing, and listing businesses, and can connect you with brokers or buyers and financing options for buyers.
2. Can you help with exit planning and valuations? Yes. We offer valuation guidance and exit planning assistance to position businesses for sale.
POS, Digital & Operational Services
1. Do you provide POS systems and payment processing? We help evaluate and set up POS and payment processing systems, connect you with providers, and can help negotiate rates and integration with your operations.
2. Do you build websites, set up CRMs, or manage social media? Yes. We offer setup and basic implementation for websites, CRM systems, and social media strategy/configuration, or can refer trusted partners for ongoing digital marketing.
Company Formation & Compliance
1. Can you form a company for me? Yes — we assist with business formation (LLC, S-Corp, etc.), EIN acquisition, and initial filings.
2. Do you handle annual reports and compliance filings? Yes. We can file annual reports and assist with ongoing state compliance to keep your business in good standing.
Security & Confidentiality
1. How do you protect sensitive information? We follow secure data-handling practices, share privacy and security policies upon engagement, and only share information with lenders/partners with your consent.
Costs for Non-Lending Services
1. Are there fees for company formation, filings, or digital services? Yes — fees depend on the specific service. We’ll provide a transparent quote or range before work begins.
Working with Sasso Capital
2. How do you determine the best financing option for my business? We evaluate cash flow, revenue mix (card vs. non-card), timing, purpose of funds, and cost tolerance, then recommend the most appropriate and cost-effective product.
3. Do you offer ongoing account management? Yes — we provide ongoing service for many clients, including loan servicing coordination, payment plan adjustments, and help with digital/account setups.
Contact & Next Steps
1. How do I get started? Visit sassocap.com/contact, call our office, or submit an application online. We’ll schedule a short consultation to understand your needs and outline next steps.
2. Who can I contact with additional questions? Use the contact form on sassocap.com or email us at info@sassocap.com or call us at 561-818-9501. Provide basic business info and the product you’re interested in for the quickest response.
