What is a Business Cash Advance?
A business cash advance is an alternative to a traditional small business loan. Rather than looking at your credit history to determine whether or not you are qualified for a loan, a business cash advance looks at a 4 month record of your sales to determine an amount, and then purchases a portion of your future credit card sales at a discounted rate. Rather than paying back a fixed amount each month, a business cash advance service automatically takes a small percentage of your daily credit card sales until the balance is paid off. This is particularly beneficial because when your sales are slow, you pay back less. This creates a uniquely flexible payback schedule. Traditional business loans require security (collateral), good credit and a long business history. These requirements make it difficult for newer businesses and business owners with a less than perfect credit to get a loan. Business cash advances streamline the process by eliminating the need for a great credit score or collateral. Even those with a less than perfect credit history may still qualify for a business cash advance. For more information about a business cash advance, go to http://businesscashadvanced.net