Small Business Cash Advance - Small Business Cash Advance Process?

If you run a small business and you are looking to obtain immediate funding then you should perhaps consider getting a small business cash advance.

Florida, FL (prHWY.com) May 28, 2012 - Florida, May 28, 2012 - If you run a small business and you are looking to obtain immediate funding then you should perhaps consider getting a small business cash advance. Remember if you have more long term funding needs, say you are purchasing an upgrade to your building or buying additional office space you would be better served getting a business loan instead of an advance. Advances typically have short repayment requirements, within one to six months and higher than average interest. However if your need is more of an emergency than you may benefit from the fast turnaround time of a business advance.

Today we will be discussing the small business cash advance process. If you are interested in learning about the loan process for traditional banks for small businesses, you should speak to your local Small Business Administration office for more information.

The process begins with an assessment of your daily intake of cash and credit for your company. You can receive an advance much more quickly than a standard loan; as such it is more important that you have the immediate cash flow to repay them within the time frame set. Although business loans can go as long as 30 years, a cash advance on the other hand typically cannot be more than six months. Once you have an advance then you can use it for whatever you need. Which makes them perfect for emergencies or other items are hard to secure with a regular loan. One advantage of a cash advance is that if you need to get another one in the future you can do so very quickly. This is due to a process called getting recharged, which refers to being able to have the same advance extended to you again you can, assuming you have paid off the first advance. Most cash advances will allow for up to 3 recharges before you must reapply. In this way you can have immediate access to emergency funds when necessary. But remember because of the high interest they should only be used for short-term goals and never for long term needs.


About the Author:

Small Business Cash Advance - At Nations Advance, we combine industry experience with client-focused service to provide the best business loan and merchant cash advance options in North America. We have a 17 year history of service in the financial industry, including business loan and business cash advance programs. We have always offered merchant cash advances and merchant account loans, and we have considerable resources that let us get you a great rate on business loans.

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Tag Words: working capital

Categories: Business

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Florida USA
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