Business Cash Advance 

If you are planning to get finance for your business, the business cash advance is one of the most simplest, easiest and popular method. Financing through Business Cash Advance was available in the market from many years but it’s getting very popular and new exposure in the recent years. Now merchants are taking full advantage of the facility of business cash advance. Any business can avail the funding facility to fulfill their business requirements. Here the businessman will purchase predetermined amount of Visa/Master Card sales receipts. Through these receipts the businessman can prove business and cash advance to the seller. This is the very effective process through which you can finance your business. It is the great way for any company to get funds for their business.

Sometimes people get confused with the business cash advance and the loan. They thought that both are the same but it is not as both are totally different from each other. Business cash advance is cash paid against the visa or master card and is paid back through the businessman’s account itself on the basis of their wages or salary. It can be easily and quickly paid back.

Essentials for a small Business Cash Advance

·        The business must accept payment through Visa, Master Card and American Express.

·        Payments of $3,000 or more to be processed by the business in a month.

·        The business must be in operations for atleast one year.

Non-seasonal businesses: The business must provide the credit card processing and bank statements for each of the previous three months immediately preceding the month of application as well as statements form the previous year for each of the three months immediately following the month of application.

Seasonal Businesses: The business must provide the credit card processing and bank statements for each of the previous twelve months immediately preceding the month of application.

The major advantage of the cash advance business to a businessman is that they are not personally liable to pay back the small business cash advance. Payment through credit cards is accepted by most of the retail and small businesses. One more thing the owner can do to get a small business cash advance is that they can sell their future credit card which is receivable at discounted rate by the Cash Advance Business Companies. It is similar to factoring but here your credit cards receivables are factored instead of business invoices.

Through the sale of the Visa and Master Card cash advance businesses are paid back. The payments received through cash, check remain with you except Visa and Master card can be used for the repayment. Unsecured cash advance are automatically repaid when the business has a Visa or Master Card Sale, hence there are no fixed repayment schedules.

Business cash advance

It is very practical to meet the needs of the working capital through business cash advance and it can be  used as an alternative to working capital.  Unlike the venture capitalist systems, the cash advance business would not take equity ownership of the company. The company is also free to use the business cash advance for any purpose to which they want. 

Read more about  Business Cash Advance FAQ