A Credit Card Advance Instead of a Business Loan… Why

A Credit Card Advance Instead of a Business Loan… Why? Getting a credit card advance instead of a business loan might sound kind of crazy to you but hear me out. You might be surprised. I would like to ask you a question; how is your credit? If your credit is score is below 700 you may be in for a sobering shock; the chance of you getting a bank loan with a credit score of less than 700 is less than 10%. That’s how bad it’s gotten in this economy. Banks are refusing to lend to anyone with less than perfect credit. That kind of leaves many of us with few options. Another reason you might consider a credit card advance over a business loan it that getting an advance takes a fraction of the time it takes the bank to process your loan. The reason you wanted the loan may have already come and gone by the times the bank actually funds you. It takes most merchant cash advance providers about 7 days or less to fund you; and that is from start to finish. Yet another reason to go with a cash advance is the fact that they do not require collateral. Many businesses fail to get funded because they do not have enough equity built up to use as substantial collateral. Other business owners simply do not want to risk their personal assets in these uncertain times. Who would? So far I have given you three reasons why a credit card advance might be the better option;    High approval rate: even if the bank has already turned you down you can still get a cash advance. Quick funding: Get the working capital you need in a fraction of the time it takes for a bank loan. No collateral: Don’t let the lack of collateral hold you back from moving your business forward. Believe it or not, there are plenty of other advantages to getting a merchant cash advance. You can learn more about them by clicking here. For more information about a credit card advance, go to http://creditcardadvance.org