Cash Advance Funding Qualification: A Guide for Small Businesses

  • Cash advance funding is a quick, flexible way for businesses to get funding without relying on traditional loans.
  • NRS Funding offers cash advances to businesses in the US and Canada with simple qualifications and a fast application process.
  • Learn how cash advances work, who qualifies, and why NRS Funding might fit your business.

What is a Cash Advance Funding?

A cash advance isn’t a loan. It’s a one-time payment to your business. Instead of interest, you agree to share a small part of your future sales.

  • Simple Repayment: A set percentage of your daily credit card sales goes towards repaying the advance.
  • No Fixed Payments: Repayments adjust with your sales—higher sales mean faster repayment; lower sales mean slower repayment.
  • Get It Quickly: Funds are often available within days, sometimes faster.
  • Use It Your Way: Spend the funds on whatever your business needs.

Why Cash Advance Funding Might Be Right for You

Cash advance offers a fast and flexible way to get your business’s money right when needed. Here’s why they stand out:

Urgent Needs? No Problem.

  • Cash advances can cover those unexpected costs that pop up and demand immediate attention.
  • Need to restock inventory? Buy new equipment? An advance can get it done quickly.

Starting a New Business?

  • New businesses often face unforeseen expenses.
  • Cash advances help cover those early costs so you can focus on launching your business successfully.

Credit Challenges?

  • Cash advances don’t rely on credit scores like traditional loans.
  • It could be your solution if your credit history isn’t perfect.

Denied a Loan?

  • Traditional loans often have strict requirements.
  • Cash advance offers an alternative path to finances, even if you’ve been turned down by a bank.

Qualifications for a Cash Advance with NRS Funding

Wondering if your business qualifies for NRS Funding? Here’s what you need to know:

Location:

  • Your business must be located in the USA or Canada

Time in Business:

  • Your business must be active for at least 6 months

Monthly Deposits:

  • The amount of funds you can receive depends on your monthly deposits
  • Higher monthly deposits may qualify you for larger advances

Credit Card Acceptance:

  • It may be a factor in determining your eligibility and the amount you get

Other Factors:

  • We consider the overall strength and financial history of your business
  • A strong track record can improve your chances of approval and may increase your amount

Get Funded Fast with NRS: A Simple 3-Step Process

Need working capital for your business? NRS Funding makes it easy. Here’s how it works:

1. Apply Online

  • Fill out our quick and easy online application
  • Provide some basic info about you and your business
  • Get started in just a few minutes

2. Review with a Specialist

  • An NRS specialist will reach out to you
  • They’ll discuss your business needs and answer any questions
  • This is your chance to get expert advice and guidance

3. Get Approved and Funded

  • Once approved, you can get your funds in as little as 24 hours
  • That’s right – cash in hand, fast
  • No waiting around for weeks or months for your money. That’s why we’ve streamlined our process to get you funded as quickly as possible.

Don’t let a lack of money hold your business back. Apply now and get the funds you need to grow and succeed.

Why Choose NRS Funding?

When it comes to getting capital for your business, NRS is the smart choice. Here’s why:

We Look at Your Business, Not Just Your Credit

  • NRS focuses on the strength of your business deposits
  • We don’t get hung up on credit scores like other lenders
  • If your business is doing well, we want to fund you

High Approval Rates

  • We approve more businesses than traditional lenders
  • Even if you’ve been turned down elsewhere, we may be able to help
  • We believe in giving businesses a chance to succeed

Get Funded Fast

  • Once approved, you can get your money in as little as 24 hours
  • No waiting weeks or months for a decision
  • Put your cash to work right away

No Credit Check Required

  • Getting a quote from NRS Funding won’t impact your credit score
  • We don’t pull your credit when you apply
  • You can explore your options without worrying about your credit

See How Much You Can Get with Our Calculator Tool

Want to know how much cash you could get? Use our handy calculator tool:

  • Enter some basic info about your business
  • Get an estimate of your potential amount
  • See what your repayment terms might look like

It’s quick, and easy, and there’s no obligation. Try it now and see how we can help your business grow.

Frequently Asked Questions

How can NRS Funding help my business grow?

NRS Funding provides quick and easy access to capital for merchants who need it. We focus mainly on the strength of your business deposits, making funding more accessible than traditional bank loans.

How does the program work?

You receive a lump sum based on your business’s future sales. You repay the advance over time as a percentage of your daily or weekly sales.

Is my business eligible for an NRS cash advance?

To qualify, your business must be located in the USA or Canada, be active for at least 6 months, and have a certain level of monthly deposits. Higher deposits may qualify you for more funds.

What can I use the money for?

You can use your NRS cash advance for business expenses, such as purchasing inventory, hiring staff, renovating your store, launching a new product, or covering unexpected costs.

Why should I choose an MCA over a traditional loan?

A merchant cash advance from NRS Funding is easier to qualify for (even with bad credit), provides faster finances (often within 24 hours), offers more flexible repayment terms, requires no collateral, and doesn’t impact your credit score to apply.

Our friendly specialists are here to help if you have more questions. Contact us today to learn more about how NRS can support your business.