As a business owner, you may face a time when you need capital and need it quickly. Unexpected or unforeseen circumstances can arise, requiring urgent short term financing. From chiropractors to hotel, salon, and bar owners, you may encounter situations that require additional capital.

Commerce climates change rapidly; even the most experienced entrepreneurs sometimes find themselves needing fast, short term business funding. If you are one of these owners and would like more information on possible solutions—please read on to see if a merchant cash advance loan for small business is best for you.

How To Get Cash Advance Loans For Your Small Business

In this article we will discuss:

  • Reasons owners get merchant cash advances
  • What is a Business Cash Advance?
  • Who can benefit from cash advance loans for small business
  • Requirements
  • Common mistakes business owners make
  • How to easily get a cash advance in 2-3 days (Can’t wait? Enter info here to request a free consultation.)


Let’s begin.

Reasons Owners Get Merchant Cash Advances

According to Process NMS, common reasons for a business cash advance include:

  • A massive, sudden business loss
  • Wanting to expand, but lacking the funds
  • Needing to make ends meet during a slow month; payroll, bills, etc.
  • The amount you require is too small or too large for traditional banks
  • You have been turned down by banks

Additional reasons for quick financing include:

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

Funds can also be used to pay bills, improve your credit score, and help create the opportunity for business loans in the future, at lower rates. When used correctly, funding could be the best option. You could use the funds to…

  • Pay down debts such as high interest credit card debt
  • Repair your credit
  • Improve your credit score and profile

Improving your credit score can also benefit you personally allowing you the get the best rates on…

Despite your need, you may not know where to find capital for your small business. And if you have bad credit, finding financing can be even more difficult.

The good news is there are solutions. Cash advance companies could provide the best solution you need.

What is a Business Cash Advance?

A business cash advance (or merchant cash advance) is a quick and short term business funding solution designed to help a business with an immediate need for cash.  You can get these loans from $5K up to $1M in as little as 3 business days (it may take longer for the larger amounts of funding).  Typically, you can receive up to 10% of your gross annual revenue from funding companies.

Advantages of Business Cash Advances

These funding options offer several advantages compared to traditional bank loans and other forms of funding. The main advantage is speed. A business owner or entrepreneur can get funding through a process that is quick and easy, compared to the long and drawn out process of applying for a traditional bank loan.

This is important when the need for cash is urgent.

A second advantage is that unlike most small business loans, your credit score is not as important.  You also do not need collateral.  The cash advance loans for small business focuses more on the health of your business, as opposed to your personal credit score. Basically, the focus is more on the business than on you personally.

Although this can be beneficial if you have bad credit, I recommend working to improve your credit score for the future.  You could even use some of the business cash advance loan towards improving your credit, depending on your situation.

An improved credit score provides options for more funding in the future, if needed, with lower interest rates. The higher your credit score, the less interest you typically pay and the more money you save.

Who could benefit from cash advance loans for small business

How To Get Cash Advance Loans For Your Small Business

Many companies in various industries can benefit from merchant cash advances.

These loans can come in handy for businesses that are:

  • Seasonal
  • Fashion related
  • Hotels
  • Salons (hairdresser, nails, tanning, and massage)
  • Barbershops
  • Bars and pubs
  • Restaurants
  • Construction
  • Medical professionals

And for just about any business owner that could use some extra funding.

A more extensive list could include:

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

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

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

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

Service (ex. Automotive Repair, Beauty Shops/Hairdresser Salons, Barbershops, Massage, Trucking, Construction, Insurance Agencies, Nightclubs, Online and Work From Home Business, etc.)

Now, let’s take a look at the requirements to qualify for the best cash advance loans for small business.


To help decide if a merchant cash advance is right for you, let’s take a look at the typical requirements for rapid cash advance lenders.  This will save you time and energy so you don’t waste time applying if you are unlikely to qualify.

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

Typical 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 meet these requirements, you have a good chance to qualify.

But before we discuss how to get a cash advance, it is important to understand how to use them wisely. When business owners use cash advance loans incorrectly, it could make their 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.

Common mistake business owners make

A common mistake is to only look at your immediate need for money.

It is easy to focus on the immediate need for cash when you are struggling and need money now. While a cash advance may provide immediate relief, there are additional factors to consider.

You must always be a few steps ahead. Be prepared.

Here are a few things to consider:

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

If an influx of cash gives you the working capital needed to build, grow, and stabilize, that’s great. However, if the cash only pushes back loss for the time being, you could likely end up right back where you started.

Consider what has caused this need for cash, but also consider if quick cash is likely to turn the situation around.

If you are struggling during your slow months but know revenue will pick back up in the coming months, a cash advance loan might be just what you need. Or, if you can’t fill your orders and need to expand quickly, a fast cash advance could be exactly what you need to grow. In fact, there are many situations where a cash advance can regenerate, boost, and even save a business.

Just make sure to take the time to look beyond the immediate need and evaluate the level of benefit the loan is likely to give you before signing up. Look six months, a year, two years, and even five years into the future. Doing so can save you a lot of headaches.

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

How to easily get a cash advance in 2-3 days

If you need a quick cash, here are some steps to ensure the process runs fast and smoothly with funding companies.

Request a free consultation

When you are ready to get a business cash advance, the first step is to work with a funding specialist to get the funding you need.  These professionals can help you decide what options are best for your unique needs. You can easily request a free consultation today.

Be prepared

Ensure you set an appointment time with the company that is good for you. Be available at that time and take notes if needed. Don’t be afraid to ask questions.

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 company 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.  Doing so allows you to quickly get the working capital you need.

If you follow these steps 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, being prepared and having pertinent documents ready could be mean the difference between getting funding in a few days or a few weeks.

Plus, this prevents the headache of continually going back and forth with your lender. If your lender has to call you and ask for documentation, which you then have to find or prepare, your loan will get delayed.

Plus, letting lenders know that you are responsible, serious, and professional with your documents will leave the lender with a positive impression of you.

In essence, make sure to control the things you can.

You should now have a better understanding of business cash advances, as well as the ability to determine if this type of loan is right for your business.

Let’s review what we have covered today…

  • Reasons owners get merchant cash advances
  • What is a Business Cash Advance?
  • Who can benefit from cash advance loans for small business
  • Requirements
  • Common mistakes business owners make
  • How to get a fast capital in 2-3 days

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

Schedule a free consultation

If a merchant cash advance is not right for you, there are other funding options available that may work for you.

Alternatives funding options include…

  • Business Lines of Credit
  • Small 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

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

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