Settlement in Advance Inc.

Settlement in Advance Inc., a Nevada corporation (“SIA” or the “Company”), is a boutique capital funding business founded in Las Vegas, Nevada specializing in offering a unique, off-balance sheet funding alternative to businesses operating in the hotel and resorts industry.

 
 

The Settlement In Advance (SIA) funding is an alternate capital source. It is not a loan. The funding amount is based on the merchant’s monthly gross processing revenue. (SIA) securitizes the unearned settlement of future credit card sales in advance of earnings as the basis of merchant funding. Many hotels/resorts are contractually mandated to refurbish their property to maintain “good standing” within their reservation systems. SIA will not require the hotel/resort’s fixed assets as collateral for funding. SIA does not operate as a lender or a finance broker. SIA’s funding facility will be implemented in a mutually agreeable manner that will not violate any pre-existing bank loan terms. We believe that SIA offers hassle-free access to capital that seamlessly integrates within each hotel/resort's existing operations while conveying a competitive advantage over traditional sources of financing. 

 

For example, SIA will utilize the hotel/resort's monthly credit card processing of Visa and MasterCard revenue as a settlement-in-advance of unearned revenue. Each hotel/resort could potentially have access to $150,000 over three phases of advances ($50,000 for each phase) to upgrade its facilities with no hassles, no waiting and no extra collateral; just available cash to improve each hotel/resort’s property and earn additional revenue.

 

The hotel/resort will agree to sign a new merchant application with SIA’s Acquiring Bank's and will agree to allow SIA’s Acquiring Bank to process its future credit card transactions exclusively until the terms of the settlement-in-advance are satisfied.

 

The fee for transacting the settlement-in-advance will depend on underwriting and risk analysis; nonetheless, processing fees charged to each hotel/resort may increase by 1%, or 150 basis points, on total credit card processing revenue. No interest assessed or otherwise charged for funds advanced; provided, however, the advance will require repayment of the principal advanced on mutually agreed terms. The timeline governing the repayment of the principal, in whole or part, shall be at the discretion of the hotel/resort subject to the approval of SIA. The increase in processing fees will end when the SIA recoups the advanced funds. 

 

Settlement in Advance Inc., a Nevada corporation ("SIA" or the "Company"), is offering the opportunity to provide an investment amount equal to $1,000 (the "Principal") to be placed in a custodial account to be maintained by the Company or its designates (the "Custodial Account"). The Principal will be held in the Custodial Account until the Company engages in an initial public offering ("IPO") or is refunded to you. If the Company engages in an IPO, you will be given the Option to either (i) receive securities of the Company that can be exchanged for the common stock of SIA at a discounted rate equal to 90% of the market value of its common stock ("Option"); or (ii) receive a full refund of the Principal.

The terms of your investment will be more particularly set forth in the definitive Custodial Agreement and related documents. This Summary of Terms outlines the proposed investment based on the current condition of business operations of the Company.