For many small to mid-sized businesses, juggling cash on hand with current and future financing requirements can be daunting. It does not have to be. While not a loan, a business cash advance allows companies to raise cash quickly by selling a portion of their projected future sales at a discount to a funder. This small business cash advance is, in fact, a purchase of future receivables.
Here’s how it works: businesses receive cash advances based on future sales in exchange for a percentage of the company’s daily credit card income. These funds are directly sent to the lender from the processor and continue until the balance is paid. These financial instruments are ideal for seasonal businesses as the payments fluctuate, thereby giving the merchant greater control over their cash flow. In addition, small business cash advances can usually be processed faster than other financing options giving borrowers faster access to needed capital.
Fast Access to Funding
AdvancePoint Capital assists business owners to receive cash advances for amounts from $10,000 up to $500,000. One great feature of this product is that there are no term limits. Also, repayments may be flexible as they are percentage, not fixed-rate, based.
To be eligible for a small business cash advance, companies will be asked to provide their most recent Merchant Processing Statements and/or Business Bank Statements to demonstrate their cash flow. Unlike traditional financiers, however, no tax returns are required. No one is excluded for having poor credit either, however their business must be established for over six months or more. We invite interested parties to contact our agents 24/7 by calling (800) 381-8920, or by filling out and submitting our form, below.