This piece is from Forbes, and it touches on the Cash Advance style of business loan that some have grown accustom too recently. Only works if you have a healthy business already running for several months.
Story…
If you are a small business owner, you know small business loans are hard to come by. Banks can decline as many as 90% of small business loan applications that they receive. Most banks require you also to be in business several years and require you to have physical assets to secure to receive working capital.
Did you know there is a new alternative way to receive working capital for your business? Most businesses don’t realize they have a hidden asset they can receive funds against, their future Visa and Mastercard sales from their customers. Unlike a bank, a business cash advance program has a 90% approval rate for qualified applicants. And with a business cash advance, you only need to be in business for 60 days to qualify. Visit America Capital Advance to request more information on how your business can receive up to $250,000 in working capital against its future Visa/Mastercard sales from its customers in as little as 3 business days.
Business Loan and Business Cash Advance Comparison
Comparison chart that will highlight the differences between the two:
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A 90% approval rate on working capital cash advance requests |
Reject most small business loan or restaurant loan credit requests |
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Approval on average of 24-72 hours once all paperwork is submitted |
Approval of a business loan is on average 1-4 weeks once all paperwork is submitted |
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Funding typically available in 7 days or less |
Funding typically available in 4-8 weeks |
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No fixed monthly payment to worry about. We take a % of your future credit card sales until we are paid back. We only get paid when you get paid by your customers. Therefore, if you have a slow month, your payback to us slows down. |
Business loans typically have a fixed monthly payment. Failure to make this payment can result in a default of a bank loan. Payments DO NOT slow down if you have a slow month. |
Disclaimer: The views expressed by this author don't necessarily reflect the opinions of Lazerloan.com, it's owners, or it's affliates.
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