How to Get a Business Cash Advance
In today’s lending climate, finding traditional business loans with bad credit or no credit and little or no collateral is next to impossible. The good news is because of this tight credit market some alternative financing sources have spawned new opportunities for business owners to get access to the funding they need.
Now some of these programs have been around for quite some time. According to a USA Today article, 65% of commercial loans issued to small businesses were considered “unconventional” — including factoring, business cash advances and revenue based lending – up from about 25% two years ago.
In this particular post we’re going to address the business cash advance also known as a merchant cash advance. This specific program is becoming more popular and mainstream because it’s fast, requires minimal paperwork, and doesn’t require pristine credit ratings or collateral that many other programs do.
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