Business cash advance is the term used by companies for selling their future credit card sales in exchange for a lump sum payment. It works like this: a business, needing capital infusion, applies for business capital from a cash advance company. The company will then check if the business qualifies for the cash advance and will approve the application accordingly. After this, the business will agree to give a portion of its credit card sales to the company that gave it capital. This payment scheme provides some advantages because, unlike other capital funding schemes, you can spend the capital you get in any area you see fit. The cash advance company will not dictate how you spend because it is up to the business owner to decide. In turn, this means more flexibility in terms of improving your business. With regards to application, cash advance companies are more lenient regarding documents needed. Typically, companies would require credit card sales records for the past year, as well as paperwork to show that the business has been running for at least a year. Here are other advantages you may wish to consider. You don’t need to worry about incoming payment deadlines. Unlike, traditional loans, business cash advance companies do not require payments on fixed dates so you have fewer worries. Since a percentage of your credit card payments go to the company, you pay the company when your customer pays you using a credit card. There will be more breathing room in terms of payment. Since the business cash advance entails a percentage from your credit card sales, your sales will dictate how much the loaning company will get as payment. For example, if you assign a ten percent credit card sales payment and you get $1,000 for January, the company will get $100. If, by February, you get $800 credit card sales, the company will receive $80 as payment and so on until you pay the amount you got from the company. Payment periods are highly flexible. The business cash advance company will get payments from your credit card sales and this might take a while depending on the growth of your business. If you have high credit card sales each month, then chances are you will only pay for a short time. Lower sales may take you longer but at least you don’t have much to worry about.