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Orbit Business Loans is known as the most trusted name in small business cash advance. A small business cash advance helps you when you are in a temporary cash crunch and at the same time it is also very helpful when you plan to expand your business or when you need more working capital.
With the mission to become the top most provider of cash advance for small businesses, Orbit Business Loans always work for the growth of small businesses and help them to reach to the next level. Orbit Business Loans also endeavor to make the business cash advance process very simple and total risk free.
Small business can get a cash advance against their credit card sales receipts. It is more easy to qualify for a cash advance as compare to getting a small business loan. Orbit Business Loans can help any small business to acquire a cash advance if they fulfill the following conditions:-
- Visa or Master Cards must be accepted as a mode of payment by the business.
- Payment worth $3,000 or more must be processed in a month.
- Business must be in existence for minimum one year.
- For seasonal business, you have to provide credit card statement and bank statements for 3 months and 12 months for non-seasonal businesses.
Business Cash Advance vs. Small Business Loans
To get a loan from banks and financial institutions for the growth of the small business is an uphill task. Lots of formalities are to be fulfilled to take loan from the banks or any other financial institution who deals in lending loans for small business. At the same time, getting personal loans from these bank and financial institutions is very easy be it for you buying a car or you are going for pleasure trip. In such cases, these banks and financing institutions do not hesitate to give you loan for any purpose you ask for. On the other hand if you are a small business and you want loan to pump in more money to generate higher profits, you have to go through lot of formalities and paper work. Having a good credit score is the first criteria for getting a small business loan. To get small business loan a business owner must have a very good credit history. The higher the quality of credit history the higher you can get from the financial institutions or banks. Unfortunately, most of small businesses do not qualify for a business loan because of their credit score.
Apart from the good credit history, they also require to provide the bank and financial institutions with many financial statements like audited tax returns, business plan, a personal guarantee or collateral and meet other regulatory requirements set forward by the financial institutions.
Under the following conditions most of the banks and financial institutes do not give loan:
- If you are starting a new business.
- If your credit history is poor.
- If you are unable to provide collateral higher than the loan amount
- Need loan less then $100,000
- Not in a condition to repay the loan.
Business Loan will also make you to pay monthly fixed amount of installments.
Since it is very difficult to obtain a business loan, it is lot easier to get funding under business cash advance. To take loan through business cash advance is the more convenient process because the people with poor credit can also obtain loan. The pre- requisite is that business must be in market for at least 2 years. A business cash advance is similar to a factor company except for the fact that it uses your future credit card receivables instead of business-to-business receivable invoices.
There is no need of any collateral or any guarantee to take business cash advance nor it requires to pay back in monthly fixed installments. The repayment of the loan is very simple and it is done through credit card or master card. You are not bound to use the money of loan to the restricted area. You are free to utilize it for any purpose of your business.
The repayment is very simpler and you can pay it according to your convenience. You will never feel any type of burden of it. You can pay the loan according to the profits in your business. For higher growth of your business, Apply Now for the business cash advance to feel financial freedom.
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