A small business cash advance is an effective way to quickly infuse cash into your business. The money is typically available in just days after applying and being approved for the advance, which is much shorter than the weeks and months you may have to wait at a traditional lending institution.
Also, unlike other traditional loans, small business cash advances have zero hidden fees or costs. Instead, business owners are made aware upfront of the interest rate on the loan and how much that interest will be over the life of the loan. Because the money is intended for temporary, short-term purposes, interest rates on small business cash advances are higher than those associated with long-term business loans. However, many consider the ease of access to the money to be worth the extra cost.
Applying for a Small Business Cash Advance
The application process is very simple, and a high percentage of businesses that apply for cash advance loans are approved. To qualify for a small business cash advance, you must be able to prove that your business has been established for at least two years. Furthermore, you must be able to show that your business is making money and that you will be able to repay the debt in a short period of time. This requires showing your total gross credit card transaction each month. If you do not accept credit cards in your business, you will not qualify for a business cash advance.
There are no credit checks to submit yourself or your business to, and unlike regular business loans, you do not have to present a plan for how you intend to spend the money. Also, when you apply for a small business cash advance, you do not have to present any personal collateral to secure the loan, which means you have a lower overall risk in the process.
To apply for funding for your small business, use the form on the right to begin the application process.
For more information, go to Small Business Cash Advance at http://www.unsecuredbizloan.com/small-business-cash-advance