Business Cash Advance: What It Is and How It Works
Sufficient capital, whether for offsetting operational expenses or for expanding the business, may be difficult to acquire. A business cash advance gives small- and mid-sized companies that much needed capital to grow their business.
These are also known as merchant cash advances. Lenders fund the needed working capital, which businesses will repay by allotting a percentage of future credit card sales to the lender until the full amount is settled. Staggered payments are usually done in the span of a year. The lender cuts a portion of the weekly sales of the business to recover the amount it has lent.
Unlike securing loans from banks or other lending institutions, applying for a business cash advance is fast and trouble-free. With hardly any credit checks or collateral requirements, a merchant can receive the small business funding in a week or less. Because repayment depends on sales performance, businesses will find it easier to manage their payments with the flexible system of merchant cash advances.
The amount lent to a business can range anywhere between $10,000 and $500,000, depending on the lender's pre-qualification process. The terms and conditions for repayment will also depend on the provider. Some lenders offer various flexible programs that make it easier for businesses to manage their finances. Requirements are also usually very easy to meet, with conditions as simple as a minimum monthly credit card volume and a variable minimum number of months in operation. As long as there are no existing bankruptcy or mortgage cases, there should be no problem with the advance.
Resource Box:
American Finance Solutions provides unique financial solutions to small and mid-sized businesses. The company helps businesses grow by making it easy to apply for a business cash advance. Requiring no credit checks or collateral, American Finance Solutions can provide the alternative to a small business loan [http://www.americanfinancesolutions.com/funding_programs.html] in as soon as three days. Learn more by visiting AmericanFinanceSolutions.com or by calling 1-800-760-5516.
These are also known as merchant cash advances. Lenders fund the needed working capital, which businesses will repay by allotting a percentage of future credit card sales to the lender until the full amount is settled. Staggered payments are usually done in the span of a year. The lender cuts a portion of the weekly sales of the business to recover the amount it has lent.
Unlike securing loans from banks or other lending institutions, applying for a business cash advance is fast and trouble-free. With hardly any credit checks or collateral requirements, a merchant can receive the small business funding in a week or less. Because repayment depends on sales performance, businesses will find it easier to manage their payments with the flexible system of merchant cash advances.
The amount lent to a business can range anywhere between $10,000 and $500,000, depending on the lender's pre-qualification process. The terms and conditions for repayment will also depend on the provider. Some lenders offer various flexible programs that make it easier for businesses to manage their finances. Requirements are also usually very easy to meet, with conditions as simple as a minimum monthly credit card volume and a variable minimum number of months in operation. As long as there are no existing bankruptcy or mortgage cases, there should be no problem with the advance.
Resource Box:
American Finance Solutions provides unique financial solutions to small and mid-sized businesses. The company helps businesses grow by making it easy to apply for a business cash advance. Requiring no credit checks or collateral, American Finance Solutions can provide the alternative to a small business loan [http://www.americanfinancesolutions.com/funding_programs.html] in as soon as three days. Learn more by visiting AmericanFinanceSolutions.com or by calling 1-800-760-5516.