Three Reasons Business Cash Advances Are Better Than Traditional Loans

CEO's are realizing that moving to the bank for financing is a difficult and extremely unpredictable procedure. Not only do they need to go through numerous hoops to get pass the difficult application process, they hardly have any discretion on where to use their money. Fortunately, the availability of business cash advances provides establishments more options.

A business advance is a technique of business that is speedy, easy and useful. You may not even realize it, but, you have already reached the first barrier - you have a charge card processing history. When you commenced your credit card merchant account so you may process credit cards at your cafe, you took the first step towards getting yourself of a factoring transaction.

Time is a Passing

As anyone who has ever run their own business will inform you, time is money. In many scenarios that stereotype is even more true. For instance, if you are a restaurant owner and your cooler breaks down but you don't have the capital to fix it, you will watch your cash flow fly down the drain as goods gets ruined in the kitchen. The same holds true if you have a big opportunity but need to wait weeks for a bank to review your loan - if they approve you to begin with.

With a speedy processing time on the majority of business advances, your capital is in the bank in a week under most scenarios and ensures that your company has capital when you demand it.

Flexible Repayment

Business owners anticipate that their cash flow will go up and down with demand. Factors as simple as the weather or as complex as a world recession may change just how many customers come through the doors. Should you take a loan from the bank, they will expect you to repay the exact same dollar amount each month, regardless of your sales. Business advances are correlated to your merchant account transactions, so you pay less on slow months and more on big ones. This flexibility is a super benefit in the real world.

Your Establishment Gets to Decide

Unlike a bank, which thinks you are too inexperienced to make smart business choices, a business advance company allows you to pick when you apply the money you receive. You do not have to provide a complete breakdown of things you want to acquire, how you plan to acquire them, and what you plan to do with them. At times what looks like a good plan when you submit your paperwork for a loan, isn't as important when the cash flow is available. Priorities change and business advances will allow you to change with the tide of business.

Obtain fast and reliable quotes on business advances and see what you can qualify for!