Far from putting your business at risk, a business cash advance can actually decrease the risk of failure for business. In fact, taking advantage of the cash advance funding that your hard work has qualified your business for could actually save a struggling business by helping it to grow into a thriving one.

If You're Not Growing, You Could Be Failing

There may be some businesses that can go on month after month and year after year without growing, but for most businesses, a lack of growth eventually leads to failure. After all, inflation dictates that prices tend to go up year after year, at least a little bit. If you don't grow enough to keep pace with inflation, you will be going backwards over time instead of forwards.

It's difficult to grow without investing capital, but if you're not growing now, you may not have capital readily available to invest. A business cash advance can provide the investment capital you need to take the next step.

Why a Business Cash Advance?

There are so many reasons to choose a business cash advance as the funding vehicle for your business. For starters, merchant cash advance providers are happy to give qualified businesses an advance whether they need a little money or a lot. Banks typically don't even want to deal with small business owners who may want to borrow smaller amounts of money, because it isn't worth their time to do the paperwork and figure out whether you qualify.

For another thing, business cash advances get repaid automatically, a little bit at a time, but usually within 3 to 15 months. You aren't in debt for years or decades, and you pay less when your sales are less, so repayment won't have a devastating impact on your business's day-to-day operations.

Still not convinced? Business cash advances are more readily available to business owners because they don't rely solely on your credit rating, but take into account the reliability of your sales and other factors. Finally, you can get a business cash advance a lot faster than other kinds of financing, including bank loans, crowdfunding, or private investors. Funds can be disbursed in days or weeks, rather than the months other funding can take.

The Importance of Sound Planning

When preparing to get a business cash advance, it's important to carefully plan how you want to use the funding to benefit your business. Using proven techniques when marketing is important and can prevent you from making poor decisions that will not help the business grow.

Other investments such as updated equipment and expanding to a bigger or better location should be carefully researched before committing funds. You may want to develop some advisors who have been successful in a similar business and who are willing to advise you or play a consulting role if you aren't sure of your own wisdom and expertise in these matters.

Quikstone Capital Solutions provides business cash advances to qualified businesses to help them grow and expand. Learn more about our financial products and how they can help your business.