There are a few must-haves that will help you choose the right company to work with now and in the future.
Find a Company That:
- Bases approval upon your volume of sales and the overall potential of what you have created or are in the process of building within your business.
- Offers an easy online application process. You may be asked to include a few bank statements, but typically, that is all that is required.
- Gives you an answer to your application within a couple of days.
- Offers flexibility in financial obligations of the advance you receive, typically based upon a small, set percentage of your business’s daily credit card processing receipts. Since your remittances are not a set amount, your business can go through slow periods and your obligation will adjust accordingly.
According to bizfinance.com, business cash advances are the leading funding solution chosen by small business owners seeking easy terms and limited requirements. But, it is vital to know exactly what you are agreeing to when you apply and that the terms actually make sense for your business and its future success and growth.
