Why is it called a “Business Cash Advance” and not a “Business Loan”?
When a bank makes a small business loan, it is regulated by state and federal government regulators. There are specific regulations they must follow. Should they not follow those guidelines, they risk heavy fines, reduction of credit ratings and possible receivership (That’s bankruptcy for a bank!).
Rather than lend you small business money like a bank, small business capital investment companies will purchase your future credit card sales at a discount. A monthly percentage of future sales are then used to determine repayment. There is no bank loan repayment schedule, monthly invoice statement, penalties or late fees. Repayment occurs automatically according to you business revenues. Flexibility is built into the program. The investment companies don’t get paid unless you do!
| Small Business Loans | Business Cash Advance |
| High Credit Score Required | High Credit Score Not Required |
| Business Plan Required | Business Plan Not Required |
| 2-3 Years Personal and Business Tax Returns |
Tax Returns Not Required |
| 2-3 Years Personal and Business Financial Statements | Financial Statements Not Required |
| Personal Guarantee Required | Guarantee Against Fraud or Intervention |
| Application Fee | No Application Fee |
| Closing Costs & Hidden Fees | No Closing Costs or Hidden Fees |
| Lengthy Approval Process | Approvals in 48 Hours in Most Cases |
| Collateral on All Business and Personal Assets |
Collateral is Your Future Visa and MasterCard Credit Card or Cash Sales |
| Fixed Monthly Payment Schedule | Repayment Based on Current Credit Card or Weekly Sales |
