How To Easily Get A Business Cash Advance Fast

As a business owner, you may face a time when you need money in a hurry.  You may have unexpected or unforeseen circumstances in your business.

And now there is an urgent need for a business loan or funding.

How to get a business cash advance fast

A business cash advance (also known as a merchant cash advance) could be a good option for you when you need a rapid advance for business capital.

But like with all business loans and funding, you must use business cash advances wisely.

You may need quick and short term funding for:

  • working capital
  • payroll
  • business emergencies
  • equipment or supplies
  • finance restructuring
  • cash flow
  • flexibility

And you want the process to be fast, simple, and easy.

So, let’s discuss how you can make that happen.

Today, we will discuss…

  • What is a Business Cash Advance?
  • 5 Reasons business owners get Business Cash Advances
  • What business industries could benefit from Business Cash Advances?
  • Business Cash Advance requirements
  • Common mistake business owners make
  • How to easily get a fast Business Cash Advance in 2-3 days (Can’t wait? Enter info here to request a free consultation.)

What is a Business Cash Advance?

A business cash advance is quick and short term business funding solution to help a business with immediate need for cash.  You can get anywhere from $5K up to $1M in as little as 3 business days.  It may take longer for the larger amounts of funding.  Typically, you could receive up to 10% of your gross annual revenue.  A business cash advance is also known as a merchant cash advance.

Unlike most business loans, your credit score is not as important.  You also do not need collateral.  The cash advances for business focuses more on the health of your business.  Basically, the focus is more on business revenue.

This can be beneficial if you have bad credit.  But if you do, I recommend working to improve your credit score for the future.  You could even use some of the business cash advance loan to improve your credit if possible.

You could use the funds to…

  • Pay down debts
  • Repair your credit
  • Improve your credit score and profile

This can provide you with more funding options in the future, if needed.  It can also improve your credit so it can be used for important applications in your personal life such as…

  • Home mortgage
  • Automobile loans
  • Personal credit cards

A business cash advance can be used to solve an immediate financial need, but you could also consider how the funds can help you prepare for the future.

5 Reasons business owners get business cash advances

According to Process NMS, some reasons for a cash advance may include:

  • Massive, sudden business loss
  • Want to expand, but don’t have the funds
  • To make ends meet during a slow month
  • The amount you want is too small or too large for traditional banks
  • Turned down by banks

A cash advance can provide a business owner or entrepreneur with quick funding.  The process can be quick and easy, compared to the bank loan process.

What business industries could benefit from business cash advances

Business Cash Advances

Many business industries could benefit from business or merchant cash advances if they need quick funding for working capital.

Industries that could benefit from cash advances include:

Medical and Health Care (ex. Chiropractors, Dentists, Ophthalmologists, Optometrists, Veterinarians, Private Practices, etc.)

Restaurant and Food Services (ex. Restaurants, Bars, Franchises, Cafes, Bakeries, Breweries, etc.)

Hospitality (ex. Hotels, Motels, Bed and Breakfast, etc.)

Retail (ex. Clothing stores, Sporting Goods, Bicycles Stores, Pet Shops, Hobby Shops, eCommerce, etc.)

Service (ex. Automotive Repair, Beauty Shops/Salons, Massage, Trucking, Construction, Insurance Agencies, Nightclubs, Online Business, etc.)

This is just to name a few.

A cash advance business loan may be used for…

  • Working capital
  • Payroll
  • Covering expenses
  • Paying high interest credit card debt
  • Bridge loans

Many businesses can benefit from business cash advances provided they qualify and use the money wisely.

Now, let’s take a look at the requirements to qualify for a rapid cash advance.

Business cash advance requirements

To help decide if an advance is right for you, let’s take a look at the typical requirements.  This will save you time and energy so you don’t apply if you don’t qualify.

This will allow you to be more prepared and increase your chances of being approved.

Typical, business cash advance requirements include:

  • Established Business Entity (LLC, S-Corp, etc)
  • Time in Business: 6+ months in business (4+ months may work in some cases)
  • Business Revenue:  $5,000+ gross monthly or $60,000+ gross annual income

If you fit the requirements, you could have a good chance to qualify.

Next, let’s look at a common mistake business owners make.

Common mistake business owners make

A business cash advance can be helpful when used correctly.  When business owners use them incorrectly, it could make your problems worse.

Because I want every business owner to thrive and have a successful business, let’s discuss a common mistake business owners make with cash advances.

A common mistake is to only look at your immediate need for money.  It is easy to focus on the immediate cash need when you are in a hurry. A rapid advance may provide immediate relief, but there is more to consider.

Business owners must always be prepared a few steps ahead.

As a business owner you should also consider:

  • How can you use the funds to improve your financial situation
  • How can you prevent your initial reason for funding from reoccurring (if possible)
  • What is your strategy to pay back the funds

By taking a little time to think beyond the immediate need, you can save yourself from future headaches.

Now, let’s discuss how to get a fast business cash advance.

How to easily get a fast Business Cash Advance in 2-3 days

If you need a quick loan, here are some steps to ensure the process runs fast and smoothly.

Request a free consultation

When you are ready to get a business or merchant cash advance, the first step is working with a funding specialist.  You can easily request a free consultation today.

Be prepared

Ensure you set an appointment time that is good for you.  Be available at that time for your consultation.  Take notes if needed.

Have documents ready

Typically, you want to have the following documents ready:

  • Completed Application (provided by lenders)
  • Last 3 months of bank statements
  • Last 3 years of business tax returns (have personal tax returns ready if you don’t have 3 years of business tax returns)

By being prepared, you can help the lender help you.  This will ensure your business cash advance loan is processed fast and smoothly.

Then you could have the funds in your account in as little as 2-3 days.

Just remember, when you are ready to get a business cash advance fast, follow these steps…

When it comes to business funding, preparation means a lot.

It could be the difference between getting a loan and not getting a loan.  When you need quick funding, it could be mean the difference between getting funding in a few days to weeks.

Make sure you are prepared and control the things you can.

You should now have a better understanding of business cash advances and can determine if this loan is right for your business.

Today, we have covered…

  • What is a Business Cash Advance?
  • 5 Reasons business owners get Business Cash Advances
  • What business industries could benefit from Business Cash Advances?
  • Business Cash Advance requirements
  • Common mistake business owners make
  • How to get a fast Business Cash Advance in 2-3 days

If you are ready to get a business cash advance, you can visit the website below for a free consultation.

If a business cash advance is not right for you, there are other funding options available that may work for you.  Alternatives for business or merchant cash advances could include…

  • Business Lines of Credit
  • Business Loans
  • SBA Loans
  • Equipment Financing
  • Commercial Real Estate Financing
  • And more

You can schedule a free consultation with a funding specialist to go over your options.

Schedule a free consultation

You just enter your information and a representative will contact you to discuss your options.

In closing, a business or merchant cash advance can be helpful when a business needs quick funding with a simple process.  If you decide to get an advance, make sure you use the funds wisely to grow your business.

 

 

 

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