Business Cash Advances – Help for Small Businesses
If you own a small business, did you know that you can obtain small business funding to help you grow and expand your business? How https://slickcashloan.com/rapid-cash.php this works is that if your business qualifies, you can obtain a cash advance for small business owners.
Qualified merchants receive an immediate business cash advance that they repay through a direct deduction from their future credit card receipts. Typical advances are repaid within 6 to 8 months.
Merchant cash advances are a relatively new innovation in the small business finance industry that is rapidly growing in popularity. Unlike a traditional bank loan, the process for applying for a merchant advance is simple and fast.
Businesses do not need to provide personal guarantees or collateral to receive an advance. Repayment is based on a percentage of the merchant’s future credit card receipts. Lastly, merchants may use the advance for any business purpose.
A small business can receive a cash advance from $2500 to $600,000. It is considered to be an advance on a credit card, and you pay it back through your future credit card receivables. You can receive the cash advance in as little as 10 working days.
Finally, there is a way to obtain the small business working capital you need, even after you have been turned down by traditional lending institutions, such as banks. So even if banks have turned you down, don’t lose hope. Getting a merchant cash advance may be in your future. To learn more, read the facts at RapidAdvance.com to see if you qualify for a small business cash advance.