Looking for the Best Same-Day Business Cash Advance for Your Business?
We offer same day business advances up to $25,000, and up to $2 million in 3 to 5 days. A business cash advance is a quick way to get working capital for your existing business to cover unexpected costs, slow seasons, payroll, taxes, or anything else you need to continue business operations.
What is a Business Cash Advance?
A business cash advance is very similar to a Merchant Cash Advance. However, a traditional Merchant Cash Advance usually draws from your future credit card transitions, whereas a business cash advance draws from your general business revenue.
Both advances give you a lump sum advance for your predicted future revenue, and is paid back daily or weekly usually through ACH bank withdrawals. You usually are required to have a business checking account to get these advances.
Benefits of a Business Cash Advance
Big banks are more leery on who they loan to, especially after the lockdown. They are only approving around 13% of business loan applications. Small banks aren’t fairing that much better at 18%. In essence, banks won’t touch most small businesses, which is a shame and a tragedy for American capitalism.
A Business Cash Advance is for business owners who have fair or poor credit, but have cash flow. You’ll need at least $10,000 a month in revenue to get most advances, if not more. However, we can get you same day working capital funds if you only make $5,000 a month in revenue and have a credit score of only 450.
The most important qualifier to get a business advance is having a business checking account, being a LLC or Corporation, and having cash flow. If you meet those basic requirements, you are in good odds of getting same day working capital.
The other benefits of a business cash advance are:
One – No Collateral Needed: Most banks require you to put up your business, your equipment, or even your house. Business Cash Advances don’t require collateral of any kind.
Two – Over 700 Industries can be served with our funding, whereas big banks will only touch a few predictable industries. We can help CBD stores, laundromats, cafes, antique shops, contractors, variety shops, and the list goes on. The only metric that really matters is your cash flow.
Three – Transparent Terms: Business Cash Advances terms are calculated as factor rate, instead of an interest rate. A factor rate is simply a multiplication metric that is used based on your advance amount.
For example, a factor rate of 1.19x means you will pay back $11,900 total from a $10,000 advance if you pay it back in 30 days. If you take 60 days to pay back $10,000, the factor rate increases to 1.29 factor rate. The highest factor rate we deal with is 1.49, so there are no surprises.
Why Get Same-Day Business Cash Advance from Us?
Besides having the ability to apply for and receive up to $25,000 the same day is a feat in itself. But, you also get a dedicated account manager who you can communicate with directly, and you can draw additional funds as you pay down your balance, almost like a line of credit.
We offer two types of funding:
We can advance you up to 75% of your monthly revenue for up to $25,000 on the same day advance. Example: You make $10,000 a month with your business, we can advance you $7500.
With the larger advances, up to $2 million dollars, we can advance you up to 2x times your monthly revenue. Example: If you make $100,000 per month, we can give you an advance up to $200,000 in 3 to 5 business days.
We are the only online lender that can give you the working capital you need the same day. Most lenders can only do next day funding or 3 days from now. We do same-day. If you apply at 10 am, Monday thru Friday, chances are you’ll have the money by 5pm.
Small businesses are in decline in America. Over 110,000 businesses will never come back from last year. As an entrepreneur myself, this is unacceptable. I am committed to helping every business I can. We root for the underdog, because we are ignored by corporate America. Thanks for reading. Apply today – it takes 5 minutes and won’t affect your credit score.
Learn More About Us and How We Can Get You Same Day Working Capital
To your success!
Erik C. Johnson
Independent DAC Agent