Getting a Business Cash Advance

By: Paul Kopp

Are you looking for cash to pay off debts or need more working capital to meet your current needs? A business cash advance is a viable alternative funding option.

Commonly known as a Merchant Cash Advance, these cash advances are taken against your future credit card sales. What is unique is that they do not affect your personal or business credit lines and the cash can be used for numerous items.

The way a business cash advance works is quite simple. A small percentage is deducted from your monthly merchant account sales until the advance is paid in full. Instead of a fixed monthly amount each month like a loan, it is a set percentage amount of your monthly sales. If you have a bad month the same percentage amount is taken out of your sales but that amount is not as large as if you had a great month. These payments work with your monthly cash flow making it easier on the merchant.

Business Cash Advance are used for numerous reasons such as:

&bullTo Grow the Business
&bullPay off Business Debt
&bullPurchase Inventory at Discounts
&bullExtra Working Capital
&bullTo Pay Payroll
&bullRenovations
&bullUpgrade Equipment
&bullMake Repairs
&bullPay Taxes
&bullOpen New Locations
&bullAdvertising and Promotional Programs

Of course these are just a few of the ways they can be used. A business cash advance is a unique alternative funding which does not require a fixed repayment amount each month. Instead you pay a percentage amount of the monthly credit card sales you receive. This means that if you have a bad month you will pay the same percentage amount, however it will be a smaller amount then if you have a great month. So basically it is a flexible type of repayment program.

Many merchants like the advantages of not touching their traditional credit lines. Some other advantages over other types of short term financing is a quick and simple application form, no personal and business assets or guarantees are necessary and usually your personal credit does not matter.

If you are a merchant and want to find out more visit and get the funding you need.

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