Business Bad Credit Cash Advance

By: Apurva Shree

Business bad credit cash advance provides business cash advance which is deposited directly in your current account in the times of unexpected bills or cash emergencies in your business. It is a small loan varying from $2500 to $600,000 and is available for few weeks. Business cash advance loan does not check your credit score and thus is known as a business bad credit cash advance.

One can apply for small business cash advance by directly going to the payday loan store or internet payday loan company. Applying for business cash advance loan via the internet is very easy. Just choose the lender organization that you want to apply to. Fill in their form and send it online. The loan approval takes a few days. Once the loan is sanctioned, the cash is deposited directly in to your checking account. Those who prefer privacy should opt for internet payday loans.

Doing your homework before applying business bad credit cash advance is very important because some loan stores take advantage of your need and lure you into a debt trap. Check the annual percentage rate (APR) charged by the lender company. The loan interest rates may vary from one company to another. Some companies also offer discounts to their regular customers. Before signing, make sure that you have understood all the terms and conditions properly. In case of any query, take professional help or seek advice from experts. Do not blindly sign the loan agreement.

Pros And Cons Of Business Bad Credit Cash Advance

  • Does not ask for credit check for cash advances.
  • Fast and easy process- just requires filling up a simple application form.
  • Eligibility criteria include name, address and checking account information along with monthly earning proof.
  • Approval of loan is usually within a few days.
  • Does not require any faxing of documents.
  • Offers preferential repayment terms to suit your needs.
  • No collateral is required as the loan is an unsecured one.

    Disadvantages Of Business Bad Credit Cash Advance

  • Usually have higher Annual percentage ratio.
  • Loan amount is restricted to few thousand dollars only.
  • Risk of loss of personal and professional information.
  • Hidden application fees, very high late and processing fees.

    Applying repeatedly for business bad credit cash advance is not a wise decision. It is a facility that you should abuse. For help with financial problems, Consumer Federation of America urges one to seek credit counseling help or legal assistance rather than applying for cash advances again and again.

  • Credit Matters
     • 
     • 
     • 
     • 
     • 
     • 
     • 
     • 
     • 
     • 
     • 
     • 
     • 
     • 
     • 
     • 
     • 
     • 
     • 
     • 

    » More on Credit Matters