Employee Retention Tax Credit Advance Sell your expected tax credit (or qualify for a loan) and receive funds within 2-4 weeks. Put this capital to work now vs. waiting with inflation on the rise. BENEFITS OF AN ERC ADVANCE Employee Retention Credit refunds have a turnaround time of 9-12 months, but by having an ERC Advance with one of our partners, funds can be deposited in 2-4 weeks by selling your expected tax credit. In today’s market, it is beneficial to put capital to work now before losing against market rates as such with inflation on the rise. ELIGIBILITY CRITERIA The borrower and owner have to be deemed "credible.” In good standing with creditors, no recent felonies or bankruptcies. No back taxes unless they can be paid off with net advancement proceeds. There are no minimum credit scores or cash flow requirements. For non-profits or foreign-owned entities, board members or C-suite must sign validity agreements. A minimum tax credit of $50,000 is required to be eligible for an advance with one of our partners. SUMMARY OF TERMS * In general, costs range from 15-35% discount/purchase fee dependent on which program you may qualify for. * In addition, down payments/deposits may be required dependent on qualifying program. WHAT WILL BE NEEDED IF PRE-APPROVED FOR THE ADVANCE* ERC Calculations used to determine the anticipated credit * Supporting Payroll, government orders, and gross receipts used to determine eligibility * Signed 941x’s and proof of submittal to IRS. (FedEx or UPS tracking #) * Name and D.O.B. of > 20% owners * Other documents as required/requested Next Steps Contact us to complete a simple initial application to evaluate your eligibility. These products are offered by Sage Profit Recovery, LLC through a Strategic Partner on a referral basis. Sage Profit Recovery, LLC has no control over the Partners procedures and/or approval processes and assumes no responsibility or liability in the transaction. This does not constitute in any way any type of a qualification for the program(s) and/or a commitment to fund.