Alternative Small Business Loan
Unlike the typical Merchant Cash Advance, this is a true business loan, which has a pre-determined maturity date and a set monthly repayment amount established on the contract. The approval is based on the performance of the business rather than the personal credit of the owner. This is a great program for companies that not necessarily accept credit cards, but that can prove strong cash flow on the business bank statements and corporate income taxes. In addition, the pricing is much lower than a typical cash advance.
In today’s economic environment, it is very difficult for small business owners to obtain conventional financing, unless you have over two years in business, perfect credit history and great financial statements. If you have been turned down for a traditional loan, a cash advance may be right for you
**Other qualifications may apply