What Is The Best Business Cash Advance Online|Cash Advance Explained

​Cash Advance That's Easy To Understand

With business owners in desperate need of cash to expand and grow their businesses, and banks turning down over 80% of all small business applications, where can you go to get the working capital you need?

For many business owners today, a Merchant Cash Advance is becoming the most popular option to obtain working capital. Don't confuse "Cash Advance" with "Merchant Cash Advance". Cash Advance is more of a personal type loan, where Merchant Cash Advance is a business type loan. In either case, they are both unsecured with no collateral required to obtain them. This alone is a big advantage over a traditional bank loan, and why many business owners are taking advantage of a Merchant Cash Advance Online.

With a personal cash advance, it is tied to money that you will be receiving in the future, like your next paycheck, often times called a "payday loan". As long as you have a history of steady income coming in, a lender will give you a cash advance, with the agreement that when you receive your next income, they will receive a portion of it. Basically, your future money is the security for the advance.
 
With a business Merchant Cash Advance, future money that you will receive in your business is the security for the loan. If your business accepts credit card payments for your product, a lender will look at a 3 month average of credit card sales and base an advance equal to, and sometimes up to two times that amount. If your business does not accept credit cards, and your monthly sales are deposited into your business checking account, the lender will take an average of the last 3 months deposits to base their advance amount. If your business does both, the lender will look at both.

When you see advertisements for "Unsecured Cash Advance" or "No Collateral Business Loans", it is because your future receivables are the collateral, not your personal possessions and property. Many business owners like this concept of a Merchant Cash Advance , because if things go bad in business, you won't lose your house, property, vehicles, etc...

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Another big advantage of a Cash Advance, or Merchant Cash Advance, is that they take days to complete, not months. This is because there is very little paperwork involved, usually just a simple one page application and 3 months bank statements. The average person can fill out an application, and upload 3 months of bank statements in 30 minutes, then get back to what's important, running your business.

If you're worried about your credit score, don't be. Most lenders only require a minimum 500 FICO score. Due to the fact that your future sales are the security for the cash advance, your credit score is only a small determining factor in the process. In fact, you are not required to "personally guarantee" the advance. 

As you can see, it is not that difficult, or time consuming, to obtain a Cash Advance, or Merchant Cash Advance. You will want to be very careful of how you go about obtaining one of them though.

3 Mistakes To Avoid When Looking For A Cash Advance--or Merchant Cash Advance.

1)  Too Many Inquiries:  Avoid going online and submitting too many applications. Lenders will see this activity, and they frown upon it, lessening your chance to get approved.

2)  Small Direct Lenders: There are many companies that will advance you money, that they have borrowed from a big lender. The problem for you is that they are paying interest on the money they borrowed to lend to you. So that interest is added to your advance, on top of the interest they would normally charge you.

3)  Have The Correct Checking Account: If you are trying to get a personal cash advance, a personal checking account is fine. If you are trying to get a business Merchant Cash Advance, you will need a business checking account. Too many people waste their time applying for a business cash advance with a personal checking account.

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What Is The Best Cash Advance Online For You?

At Small Business Capital U.S. we have very close relationships with the 3 largest lenders in the world. These lenders have billions of dollars in liquid cash, not money they have to borrowed from another lender. Working with us will ensure that you will never pay extra money. Each lender looks at each customer differently. We are experts in determining which lender is the right fit for your business, ensuring that your application is not being submitted to lenders who do not fit your unique profile, avoiding unnecessary inquiries.

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