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For those who don’t know; a business cash advance is an alternative way to fund businesses that is much faster, easier, and does not require collateral. It also has a much higher rate of approval than traditional bank loans.
You might have already guessed that this type of funding is designed specifically for merchants and business owners. I cannot tell you how many times I’ve been approached by individuals looking for a personal loan. Sadly I cannot help them, but I can help business owners. In fact, we’ve helped thousands of business owners from all types of businesses get funded; even after the banks have turned them down.
What kind of business qualifies for a Business cash advance?
If you sell a product or service and you accept credit cards as a form of payment; then you qualify for a cash advance. I’ve dealt with bars, restaurants, plumbers, mechanics, doctors... you name it; we’ve helped just about any type of business you can think of.
What is the difference between a business cash advance and a traditional business loan?
One of the biggest differences is that a cash advance doesn’t require you to have good credit or collateral to fund you. And because it is not a loan; you are not charged interest. What they do is purchase your future credit card sales at a discounted rate.
Another major difference is the way you pay it back. Instead of paying down the balance each month; your credit card processor is set up to automatically deduct a small percentage of your daily credit card sales. This makes paying it back almost effortless. It also creates a flexible payback schedule that adjusts to your daily sales. You actually pay back less on days when sales are slow. This helps to insure a successful payback. It is also one of the reasons an approval rate for a merchant loan is much higher than bank loans.
Applying for a business cash advance is simple. Just fill out this simple form and we will contact you shortly. We do all the work after that. In most cases, we can get you funded in about a week.
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