If you are a business owner in the ‘high risk’ category, you can know how hard it is to get a loan. Not only can the process be amazingly difficult, but it can be very expensive, with banks adding on increased points and fees because they are scared about your past.
A business cash advance can help to eliminate a lot of these concerns.
How expensive are business cash advances versus high risk business loans?
A business cash advance is not necessarily more expensive than a high risk business loan. Banks add ‘points’ and additional fees to their loans when they are loaning to high risk businesses. A cash advance can be a simple and quick way to bring cash into the business and float past a rough spot.
How long does it take to get a business cash advance?
Usually, you will have an answer within 24 hours. Because there isn’t a long application process, a business cash advance is money in your checking account when you need it, not weeks or months later.
Do I have a better chance of getting a business cash advance?
Yes. Because a cash advance is based on a different set of criteria and the requirements for approval are not based as heavily on your past performance, Capital Shift Group is able to loan you money when no one else will.
How is this advance repaid?
Instead of being a set monthly payment, a Capital Shift Group business cash advance is paid off as a percentage of the money that your company makes each month. The percentage is fixed, so the more money your company makes in a month, the more of your debt you’re able to pay off. If you have a month with lower sales, you still only pay the percentage so you don’t have to struggle to make a payment that is out of your reach.
What are the requirements for acceptance?
There are only a few simple requirements:
It is very likely that your company already meets these requirements, so don’t wait any longer. Apply for a business cash advance today and, once you are accepted, money will be deposited into your bank account within seven day.
Even if you have been turned down by a bank or you’re simply looking around for financing options, give Capital Shift Group a call and we can help put a little extra fuel into your business.