If you are trying to obtain quick financing for your business, a business cash advance is one of the simplest, easiest and most popular methods. Your money can be deposited in your bank account in as little as 7 days.
Financing through Business Cash Advance also known as a merchant cash advance has been available for many years, but recent market conditions have made this option even more popular. Merchants are taking full advantage of business cash advance loans to meet their funding needs.
The benefit of taking a merchant cash advance versus a bank loan is that if your business sales via master card and visa slow down your cash advance repayment slows. When you obtain a conventional loan the agreed upon amount must be repaid no mater if the business slows or makes no sales at all.
As long your business can prove $3000 or more in monthly payments processed by credit card, you are eligible for this merchant loan. Is repaid against future credit card receipts, there is no fixed or schedule of repayment. In this manner, an advance can be easily repaid.
The business must provide the credit card processing and bank statements for each of the previous twelve months immediately preceding the month of application.