BUSINESS CASH ADVANCES
A Business Cash Advance isn’t a loan, but rather an advance on a small business’ future bank deposits. Let’s learn about how a Business Cash Advance works, typical repayment, costs, pro’s and con’s, etc. As we’ve stated before on this website, a Merchant Cash Advance and a Business Cash Advance are almost identical, except for the way that the advance itself gets paid back.
A business cash advance allows a business owner who has payment or receivables streams to obtain an advance of the funds regularly flowing through the business’ merchant account. A business cash advance is not a loan, but rather an advance based upon the future revenues of a business. A small business can apply for an advance and have the funds deposited into its account fairly quickly. Usually this can occur as quickly as within 1 business day if all documentation is provided quickly and accurately by the business owner.