Merchant Cash Advance Blog

As a small business owner it is important to become familiar with the different types of funding available to you. Business cash advances have become an increasingly popular option for owners looking to grow their business. Here we answer three of the most common questions about business cash advances.

As a small business owner it is important to realize the best time to seek funding is when your business is doing well. Business cash advances can be used for many purposes including renovations, marketing, preparing for emergencies and simply having available cash flow. Here we’ve outlined a few reasons to seek funding before your business experiences hard times.

We’ve all heard the old adage “You have to spend money to make money”? It is not always true, but if your business is experiencing a temporary decrease in cash flow it may make the difference between closing your business and being successful. Frequently, a small business will have inconsistencies in their cash flow. Maybe your business is seasonal, like a landscaping company, or maybe your business experiences the ebb and flow of the tourism market. Either way, there will be times when your cash flow is great and times when it is not so great. You still have a lot of the same expenses, such as overhead and payroll, even when you do not have the cash flow to cover it. Maybe you had a piece of crucial equipment break down and you don’t have the cash to repair or replace it. In all of these scenarios a Business cash Advance can help your business through those rough times and keep it growing.

Business cash advances offer a great opportunity to complete your planned projects whether they are simple items from your to-do list or strategic aspirations like opening a second location. There is no hassle or complicated requirements such as excellent credit or tons of paperwork. You will pay the funds that you receive back through your future credit and debit card sales. This is an excellent chance for the owners of many small businesses such as restaurants, liquor stores, auto body repair facilities and retailers.

At one time, business cash advances were considered a last resort for business financing, but in recent years, the advantages to this type of funding have increasingly come to light.