The Benefits of Quick Cash Advances for Small Businesses

Entrepreneurs choose to get merchant cash advances because of these benefits and more:

• Fast approval and funding
• Free quotes
• Adjustable payment options
• High approval rates
• All credit scores considered

What to Know About Small Business Cash Advances

Cash advances, also known as merchant cash advances (MCA), can finance your business purchases when you need money. Depending on your qualifications, you can get up to $500,000 in funding. In exchange for fast funding, you pay a small portion of your future receivables. Entrepreneurs without good credit or those who plan to start a brand new business can especially benefit from a cash advance.

Why Should You Apply for a Cash Advance?

Small business owners apply for cash advances for a variety of reasons. A cash advance can go toward the costs involved in starting a business or business expenses like equipment. The most common reasons for applying for a cash advance loan include:

• Immediate financial needs: The speed of a cash advance can help you fund urgent business necessities like inventory or equipment. With the new resources, you can then earn more sales to pay the cash advance back.
• New business costs: When starting a new business, some entrepreneurs need more money than they realize. A cash advance can help you fund unexpected startup costs to keep the launch of your business running smoothly.
• Low credit score: Difficult circumstances, mistakes or building credit can all result in a low credit score that disqualifies your business for a loan. Since cash advances don’t require a high credit score, you can get one without the need for good credit.

A cash advance can help you move your business forward when certain challenges prevent you from getting a loan. A Cash Advance Representative will help you understand the cash advance process and how it can meet your needs.