Working capital is what businesses need to stay in business. It is the main reason that over 83% of small businesses fail. Working capital is essentially what you have leftover after paying your bills – another way to say it, it is the difference between your overhead and your profit. However, most businesses are right on the line of just getting by and if an emergency comes up, they have no extra cash to cover it. That’s where working capital cash advance with same day funding comes in handy.
What is a Working Capital Cash Advance with Same Day Funding?
Working capital cash advance with same day funding are not actually loans but business cash advances. Business cash advances are very popular right now because a lot of small businesses can’t get approved for a traditional bank loan.
A business cash advance works by advancing a portion of your business monthly revenue and then your business pays it back daily or weekly through ACH via your business checking account.
Our lender can advance you up to 75% of your monthly revenue. For example: if your business did $20,000 per month, you could possibly get up to $15,000 advanced to you within the same day or next day.
The requirements for a business cash advance are simple and straight-forward: Must be in business six months or longer, have a business checking account and EIN number, generate $5k per month in revenue or more (only from your business into your business checking account), and have a FICO of a 450 or higher. You also must not have more than 5 negative bank days (NSFs) in the last 3 months.
Key benefits of using a same-day business cash advance are:
- No collateral is needed.
- No Wait times.
- No restrictions on how to use the funds.
- Almost any industry accepted.
- Bad Credit or No Credit is ok.
- No big bank red tape.
- Low income requirements.
- Low Business Establishment Period.
The benefits are obvious, that’s why the business cash advance and merchant cash advance industry is a $10 Billion a year industry. Combining AI and efficient algorithms, small business owners can now receive the funds they need in as little as a few hours.
How Same Day Working Capital Cash Advances Are Used
There are many obvious reasons why you should use same day working capital, including paying off old debts, expanding your footprint, using hiring bonuses to bolster your workforce, and hiring social media marketers to get more awareness of your brand.
The possibilities on how you use the funds are unlimited. You, as the business owner, know more than anyone else what you need the money for the most. Now, you can rest knowing that funds are available within a few hours in most cases after filling out a 5 minute application which doesn’t affect your credit.
More than a million or more small businesses will never come back after 2020. With the outright negligence of agencies who were supposed to help small businesses, the PPP and EIDL loans were mostly misdirected to businesses (and billionaires) who didn’t even need the money.
How to Apply for Working Capital Cash Advance Same Day
Now, you can get the capital you need to get your business back on its feet. Filling out the application is quick and can give you a decision within the same business day. If you agree with the terms, you can have the money by the end of the day. You also get your own account manager to work with you on getting the funds fast.
We have been in business for over 6 years and have helped hundreds of businesses stay open. We are a family-ran business out of Michigan, not some corporate conglomerate that acts like they are a local business. Please click the link below and read more about the funding, or click here to apply right away. Thanks for reading and God Bless!
Apply Here for Same Day Working Capital
Erik C. Johnson