Business Cash Advances — Help for Small Businesses

Not many small business owners know about the various small business funding options that can be beneficial in expanding and growing their businesses.

They may not be aware of the fact that they can get small business cash advances if the business qualifies.

The Process

Any qualified merchant can obtain a business cash advance. The advance is repaid in the form of direct deductions from future receipts via credit card. The duration for repaying typical advances is approximately 6 to 8 months. Cash advances to small businesses are a recent innovation in the finance industry. Programs like these are becoming more popular among financial institutions.

The process to apply for a cash advance is relatively easy. Unlike traditional loan applications, it is fast and simple. There is no collateral or personal guarantee required. The process of repayment is usually based on a percentage of the future credit card receipts. Lastly, the advance obtained can be used for any business purpose.

As a small business owner, you can get a cash advance from $2,500 to $600,000 dollars, depending on the size of your business. The money will be considered to be an advance on your credit card receipts, and you will have to repay through your credit card receivables. Normally, it takes approximately 10 working days to receive the advance.

With this option it now easier for business owners to get financing for business purposes, even if banks have turned them down.

Like this? Share it with your network:

I need help with:

Got a Question?

Get personalized expert answers to your business questions – free.

Affiliate Disclosure: This post may contain affiliate links, meaning we get a commission if you decide to purchase something using one of our links at no extra cost to you.