The small business cash advance and a traditional loan have the same basic functions. Receive funds for your business needs and repay. However, there are significant differences. The business cash advance is completely unsecured, with no assets required. Cash advances do not attach to businesses equity or claim a stake in a business. The business is free to use the funds however they choose unlike a traditional bank that restricts on how to use your funds. The business cash advance amount will be based on the monthly business credit card sales and monthly gross sales.

Qualifications

• Operated for at least 1 year
• Processed credit cards at 6 months minimum

Benefits

• No assets required
• No collateral required
• Not reported on your credit
• No effect to your debt to income ratio
• No application fee
• No upfront fees
• No late fees
• No accrued interest
• No monthly payment
• BK OK
• Tax liens OK
• No financials
• No tax returns
• Use the advance for any of your needs

Get answers to all your working capital questions, call

(877) 346-7770Available : Mon-Fri 9am - 6pm EST

Process

You simply provide 6 months of your credit card processing statements, 1 month bank statement, a proof of business ownership, and a valid ID. The cash advance company will review your paperwork and go over your credit for any liens, bankruptcies, or judgments against you.

The company will determine your retrieval rate, which is the maximum percentage that can be deducted from your daily credit card sales without straining your business. You’ll then sign the contract that provides the advance amount, the rate, and the retrieval amount.

Business Cash Advance Repayment

Repayments are made through your credit card sales processed through your merchant credit card processing company. A small percentage of your credit card sales are applied to the payback of the cash advance. Payments received as cash and checks are not used for repayment. Your cash advance will be paid automatically with no due date. We work with the pace of your credit card sales cash flow. There are no fixed payments. Your credit card processor will collect payment for us. No hassle policy includes no late fees, no stamps, no problems just funds.