If you are a small business owner, you have probably experienced times when cash was tight and you needed quick cash in a pinch. Unfortunately, bank loans are usually too much of a hassle, as they typically require extensive paperwork and may take several days to be approved or denied. If you need temporary money just to tide you over until your clients pay their invoices or business picks up, a small business cash advance may be just the thing you need.
How to Use a Small Business Cash Advance
Small business cash advances are useful for small, unexpected expenses that you cannot afford to pay for immediately, but could reasonable budget for within a few weeks. Examples include a higher federal income tax bill than you planned for, some unexpected legal defense fees, repair of a company vehicle or replacement of major equipment.
Applying is quick and simple, and you usually have access to your cash within a very short period of time. Cash advances require no collateral and no credit check. Instead, lenders merely want to know that you have an established business with proof of your gross monthly income.
What You Should Not Use Business Cash Advances For
It is important to note that small business cash advances are not recommended for long term investments or business start-ups. They typically carry much higher interest rates than traditional business loans and can become costly if they are not repaid in a relatively short period of time. However, when used correctly, they could help your business cover the payroll and pay the bills without selling your assets.
For more information, go to Small Business Cash Advance at http://www.unsecuredbizloan.com/small-business-cash-advance