A business cash advance — which is sometimes referred to as a merchant cash advance — provides credit impaired businesses with a lump sum of working capital, which is then paid back over time based on future payment card (credit and debit) sales. While there are various options, the most common is an automatic repayment at the end of each business day.
One of the most innovative features of business cash advance, is that the repayment amount is dynamic rather than fixed. As such, businesses that have an excellent day at the register (physical or virtual) will pay slightly more towards their advance, and therefore be closer to full repayment. Alternatively, when sales are sluggish, businesses have more cash-on-hand to invest in revenue and profit-generating strategies.
At National Business Capital, we provide unsecured (i.e. no collateral) business cash advances to clients nationwide. Impaired or bad credit is not a deal-breaker, and 2-3 months of business history is sufficient. To learn more, contact our team today. We’re available 24/7/365, and our approval rates are around 90% — compared to less than 20% at big banks.
National Business Capital & Services is the #1 FinTech marketplace offering small business loans and services. Harnessing the power of smart technology and even smarter people, we’ve streamlined the approval process to secure over $1 billion in financing for small business owners to date.
Our expert Business Financing Advisors work within our 75+ Lender Marketplace in real time to give you easy access to the best low-interest SBA loans, short and long-term loans and business lines of credit, as well as a full suite of revenue-driving business services.
We strengthen local communities one small business loan at a time. For every deal we fund, we donate 10 meals to Feeding America!
Megan Capobianco is the Marketing Manager at National Business Capital & Services. Megan is passionate about helping business owners along their journey - providing them with relevant content they can use in their day-to-day operations.