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What is a Business Cash Advance?

A business cash advance is an alternative to a traditional small business loan. Rather than looking at your credit history to determine whether or not you are qualified for a loan, a business cash advance looks at a 4 month record of your sales to determine an amount, and then purchases a portion of your future credit card sales at a discounted rate.

Rather than paying back a fixed amount each month, a business cash advance service automatically takes a small percentage of your daily credit card sales until the balance is paid off. This is particularly beneficial because when your sales are slow, you pay back less, creating a uniquely flexible payback schedule.

Traditional small business loans require security (collateral), good credit and a long business history. These requirements make it difficult for newer businesses and business owners get a bad credit business loan.

Business cash advances streamline the process by eliminating the need for a great credit score or collateral. Even those with a less than perfect credit history may still qualify for a business cash advance.

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Merchant Loans
A simple set of tools and information to help guide you through the process of getting merchant loans.

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Use our loan calculator to see how much of a merchant loan you will typically receive based on your monthly sales.

Monthly credit cards sales:
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Monthly gross sales:
$

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Questions?

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Helpful Articles
Articles from trusted resources offering insight to the pros and cons of getting a business cash advance

How a Merchant Cash Advance works
BusinessWeek

When Small Biz Can't Get a Loan
BusinessWeek

Pros and cons of merchant cash advances
Reuters

Merchant Cash Advance Blog

 
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