Today I’m going to talk about how to get an instant cash advance with no credit check. So there’s many businesses out there that are really in a bind. They need emergency funds or working capital like yesterday, and banks are not lending like they used to. In fact, the approval rating is only 13% right now, and you need to have perfect credit and collateral and jump through a bunch of red tape.
Instant Cash Advance No Credit Check
So I am going to show you how you can get an instant cash advance and no credit check within 10 minutes. It is a completely automated process. You connect your checking account, if you are approved, then the funds go into your account. This can happen 24/7 even on the weekends or holidays, so let’s talk about it.
No Credit Score for Cash Advance
Typically, if you have a credit score of 740 or higher, you can get any type of business loan out there. You can get a bank loan, you can get a credit union loan. I mean, it is an open game for you, all right, but when you start getting down to 700 then some of the things go away, government loans go away, and the bottom line is probably about 640.
Now 640 is where you can still kind of get some lenders but they are not traditional banks anymore. So 640 is where you can still kind of get a prime loan but the interest rates are going to be higher.
Why Apply for Instant Cash Advance No Credit Check
Now what can other business owners do that have less than 640? Maybe they only have a 500. So this program is perfect for people that cannot get a bank loan, or their credit score is below 640.
Because here is the thing, we do not look at your FICO at all. What we are looking at is basically your revenue. That is why these are basically cash advances – these are revenue based cash advances.
Instant Cash Advance No Credit Check Requirements
So here are the requirements you need to be doing at least $3000 a month with your business. This has to be business revenue. It can’t be from a job and it can’t be personal income from somewhere else. It has to be solely business revenue.
Now if you are making four deposits a month into your checking account from your business, then you are good to go. You need to be in business for at least three months. This is not available in New York or California right now but that could change in the future.
But this is based on the health of your checking account. You can have a personal checking account, which is unheard of in the lending industry. Normally you need a business checking account, and that is why 80% of our clients got declined in the past because they only had a personal checking account.
Well now this opens up a huge market. People that only have a personal checking account can now get money fast – 24/7
So how much can you get?
We offer up to $5,000, so this is for emergencies. If you are a DoorDash driver, you can use the money to fix a tire or fix your laptop, whatever you use for DoorDash. Whatever you use for your business. It is for emergencies, but you can use it for advertising. You can use it to expand your business. You can use the money any way you like.
We loan up to 25% of your monthly revenue. So if you are doing 10,000 a month and you have a personal checking account, then you could probably get up to $2,500 in 10 minutes. So this is perfect for a lot of small business owners who do not have a business checking account, or their FICO is below 550.
If it is above 550, and you have a business checking account, the application is going to redirect you to one of our other loans. But today we are just talking about the instant cash advance.
Instant Cash Advance No Credit Check Terms
So here are the terms. The terms are eight to 10 weeks, they’re short term, and there are no pre-penalty payment to pay it off early. There are no hidden fees, there is no collateral, and there is no FICO requirements, okay.
It is all based on your revenue and if you are making those four deposits or more a month, so this is perfect for people that have you know, a salon owner this would be perfect because they get deposits every single day from their customers.
Trucking companies, if they are doing four deposits or more a month; Restaurants, you know, we cover over 700 industries so you don’t have to be an independent contractor. You don’t have to be a driver for DoorDash, you could be a restaurant owner, auto body repair shop owner, you could be a DJ as long as you are getting 1099 income at the end of the year, then this is right up your alley.
So I think I have covered everything. The factor rates are 1.20 to 1.60. So it is a high interest rate in some ways. But if you are not getting money from the banks or anywhere else, then this is your only option right now, and so if you have an emergency, this is it.
So the link is under this article. Check it out with a five minute application, no hard credit check, it is not going to affect your credit to see if you get pre-approved and if you don’t like the dollar amount, you can decline it. If you like it then hit Accept and connect your checking account and the money will be in your funds using a service called plaid which most lenders use now, especially automated lenders and you are off and running. So I hope this helps your financial needs and best of luck!