Are Business Cash Advances valuable to businesses in need of funds?

Many businesses such as restaurants cannot obtain a loan from a bank when they need working capital in a timely manner. They simply don't have the credit rating or strength that appeal to banks. Some businesses require a prompt infusion of a few thousand dollars, some need $250,000.00 or more. Banks usually won't take risks and require collateral plus fees as well as a personal guarantee. There are many choices that a business owner must make day to day for their business to stay successful. You may best take the approach of using a financial services company connecting you with several financing options so you get a broad overview of what types of funding platforms you can qualify for. They offer the most flexibility with alternative financing in the market today.

There are "standard" bank type loans, but another way to obtain needed funds are Business Cash Advances (BCA). These offer you a way to sell future receivables and receive funding.

The amount of funding available to a business is based on monthly and annual revenues from credit & debit card sales. These are repaid over a period of time with payments made to your business by credit and debit cards. Cash and checks sales aren't used in repayment of a BCA. A Cash Advance can be obtained by a business that is 6 months new. You do not have to use your personal guarantee in most cases.
Some ways businesses use funding from a Business Cash Advance:
. Renovations and expansion
. Repay an investor
. Buyout partners
. Working capital for slow periods
. Purchase new equipment
. Add to an existing location, more space equals more seating or mechandise on display
. Freshen up and update with new decor
. Advertise in the Yellow Pages or newspaper
. Emergency situations

Funding is based on final approval from underwriting. Personal Credit will be reviewed but is not the sole deciding factor. Funding received will not appear on your credit report as a debt load, only as an inquiry in a majority of BCAs. Renewal of a funding is available after payback is near completion or at any time thereafter.

No personal assets or collateral required for funding approval. Amount of funding available to business is based on total gross monthly/annual sales. Funding amounts available range from $5,000 up to $1,000,000 based on gross sales volume and past credit/debit card receipts.