Business Cash Advance

 

Q. What is a Business Cash Advance?
A. A Business Cash Advance is an alternative to a bank loan. A Business Cash Advance has many different features and benefits than a traditional bank loan.

For example, a majority of business owners who apply for bank loans will not be approved. The main reasons the for the decline are because the business is less than two years old, or because the owner has less than perfect credit, such as a tax lien or a recent bankruptcy, or has no assets.

A Business Cash Advance is not a loan, but rather a cash advance of a business's future Visa/MC sales, therefore, the underwriting criteria for credit approval is very different. Generally, there is a 90% approval, thus most business owners who apply get the working capital requested. Even if the business has been open only three months, or if the owner has less than perfect credit, such as a bankruptcy or tax liens, they generally get approved. And a Business Cash Advance requires no assets, such a real estate used as collateral.

 


As anyone who has ever applied for a bank loan knows, a bank requires at least two years of personal and business financial statements, and in most cases, a bank will also require a business to have a certain amount of assets, such as cash on hand at that bank to cover the loan. Banks are notorious for the mountains of paperwork they require to be completed for a loan, and the many nuisance fees they tack on adding to the cost of the loan. Not to mention the long wait to get the money, which may come at a time after it is needed.

A Business Cash Advance requires no business or personal financial statements for working capital under $100,000. And no assets or financial statements are necessary since this is not a loan (and doesn't go on your credit report as a loan). For working capital over $100,000, the front page of last year's tax return may be required, but that is only to verify that the business has the resources to repay the funding. The paperwork is minimal-only a one page, no cost application to complete and there are zero nuisance fees. Funds are usually available within 10 days of your application.

So, if you are looking for $10000-$750,000 Working Capital and don't want the hassles of a bank loan, call us today @ 877-600-FUND(3863), or fill out the mini-application and one of our specialist will call you with no-obligation information.

Name
Company 
Business / Cell #
E-mail
VISA/MC Sales per/mo
Years Owned
Gross Annual
Sales
How did you find us?
Existing open businesses only!
 
 

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