When you own a business, sooner or later you find yourself with a need for cash, fast. Maybe you run a restaurant and the oven breaks, or you just had a slow month and need to cover rent. Most types of business funding take weeks or months to be approved and disbursed, but merchant cash advances can put the cash you need to keep operating in your hands within days.

Getting immediate cash can be the difference between being able to stay open and needing to close your doors until you can repair equipment, hire workers, or purchase needed inventory. And unlike other types of funding, merchant cash advances don't require you to spend the money only on what you said you needed it for, so if your business's needs change, you can respond to those changes quickly and easily. 

How Do Merchant Cash Advances Work?

Merchant cash advances are not loans. Instead, the cash advance company is providing you with funding based on the business's future receipts. You get the money up front, and the cash advance company arranges to automatically deduct a percentage of your daily receipts. The typical repayment period is 3 to 12 months.

The application process is much simpler than it would be for a loan and collateral is not needed, making a merchant cash advance a much more accessible way to get the funds needed to run your business. The business cash advance can be approved in as little as 48 hours, making it a good option for business owners who need a quick infusion of cash to continue to operate.

Next Steps to Stability

Building an emergency fund is a good step for any business to take as soon as possible. Unfortunately, emergencies don't wait for business owners to be ready. While working on building the business and working toward making a profit, merchant cash advances can provide the working capital to keep everything going meanwhile.

Some business owners get the opportunity to roll their paid off advance over into another advance, freeing up cash they may need to go beyond mere survival. Being able to take advantage of rare opportunities to expand into new territory can make or break your business, and a merchant cash advance can make it possible.



A Growing Preference

Many business owners say they prefer merchant cash advances to other types of funding for their ease of use, short repayment terms, and fast access to the cash. Compared to having to provide multiple financial documents, wait weeks or months, and repay the loan for years, merchant cash advances meets a definite need. Being able to get another advance after the first has been satisfied is another advantage of merchant cash advances.

Businesses' needs for cash are many. Quikstone Capital Solutions provides fee-based cash for businesses so that they can operate as they need and desire. Whether it's an immediate need or one that may be ongoing, Quikstone Capital Solutions's cash advance products may be just what your business needs.