Big banks have stopped lending to small businesses. Are you in need of fast capital for your business? Are you in a crisis and need quick cash to hire more staff, replace faulty equipment, or expand? We offer next day business funding or in as little as 8 hours. Read more to find out how to get fast next day business funding for your business in need of quick cash in the form of a merchant cash advance (MCA).
What is Next Day Business Funding?
Like I mentioned earlier, big banks are only approving 13% of small business loan applications due to the pandemic. There are not a lot of options when it comes to businesses needing money faster than what banks can offer.
Next day business funding is a popular alternative to bank loans because these are essentially business cash advances based on your monthly revenue. If you make at least $5k per month in business revenue then chances are you can be approved for up to $25,000 the next business day. We will cover the other requirements shortly.
Next day business funding is another form of merchant cash advance or business cash advance, an alternative financial product that is part of a $33 Billion dollar alternative lending industry.
Requirements are straightforward for these business cash advances. If you earn $5,000 per month, have a credit score of 450 or higher, and have been in business the last 6 months, then you are in great shape to qualify. Of course, you shouldn’t have any liens, negative bank days, or any other outstanding loans.
Using Next Day Business Advance for Your Small Business
Using Same day or next day merchant advance services for your business is a great option if you have poor credit, no collateral to offer, and want a quick advance to improve business operations. You can use your advance anyway you like and can draw on additional funding as you establish a payment history.
There are many new issues for business owners these days. One of those issues is supply chain breakage and employment hesitancy. People do not want to go back to work, and a shortage of truck drivers, for example, has stifled the supply chain.
Most business owners need to hire more employees urgently. Using a portion of your next day business advance can help you create bonuses and incentives to hire new employees during this shortage. Employees are looking for the best offer, and one of the best incentives for a new employee is a hiring bonus.
There are many more options to improve your business and create more income. It is up to you to utilize the funds to improve your business the most effectively. Creating a presence online is also crucial. Many service-based businesses have a lot of online reviews. You can use some of your advance to hire a website designer and a social media marketing strategist.
Working with Us for Next Day Business Funding
Business cash advances are by far the quickest way to get emergency capital. They are also paid back automatically through ACH through your business checking account, so you can have a hands-free experience and concentrate on what matters most: your business.
We are devoted to the small business owner because we are business owners ourselves. Nothing hurts more than to see businesses shut down permanently in our neighborhoods.
We offer fast, next day or same day business advances up to $25,000. We also offer up to $2 million dollar loans if you have a credit score of 500 or higher, been in business 4 months or longer, and generate $20,000 per month in revenue.
It takes 5 minutes to apply and won’t hurt your credit. You can view the terms and accept or decline them. You also will get a devoted account manager to help you throughout the process. I look forward to helping you find fast funding for your company.