Dharma is now offering a merchant financing program for businesses that have a need for capital for store improvements, inventory, cash flow, or any other reason; without having to go through the time consuming and often frustrating process of applying and qualifying for a conventional bank loan. Financing amounts between $10,000 and $1MM are offered, and repayment can be made by withholding a portion of monthly credit card sale deposits. The fixed flat rate is 8% of the loan amount based on approval/risk factors and can often be approved in as little as two days. Merchants need to be processing at least $50,000 per year in credit card sales and have been accepting cards for at least two years.
Please Note: As of January 1, 2020, Dharma no longer offers merchant financing.