If you're on the lookout for a working capital business loan in order to help ease your cash flow problems, make sure you take a look at the alternative finance that we can offer, in the form of a business cash advance.
Obtaining Working Capital Business Loans Can Be Slow
It could well be vital to the survival of your business that you receive your working capital business loan in super quick time. If you don't get your loan in time your business may well go under – which is not a pleasant prospect. If you simply can't afford to sit around waiting for an approval from your bank or lender, you should know that there is another option.We offer business cash advances, which are an alternative form of lending. Instead of you filling out reams of paperwork and your business undergoing lots of checks, we can usually tell you whether or not your business is eligible for credit simply by filling out the short application form on the left of this page. We know that it's vital you get your working capital loan quick – and that's why we go out of our way to provide a super-fast service for you. Typically applications are seen to and approved within 24 hours – and funds are usually disbursed to you in as little as 7 days. This leaves you less time to sit around worrying about the future of your business, and more time to spend putting things right.
Repayment Terms are Flexible
As well as the fact that merchant cash advances are easier to obtain than a working capital business loan, they're also much more flexible when it comes to repayments. With a business loan you'll likely be stuck paying off a fixed sum every single month until the debt is cleared. With a merchant cash advance that's not the case though; instead of paying off a fixed chunk of cash, you'll pay off a percentage of your sales. This means that your repayments are made in line with sales – so if your business is seasonal, you won't be over-burdened with repayments that you simply can't afford to make.
It's entirely up to you what you decide to spend your cash advance on; but they're ideal for clearing off those outstanding invoices your business might have racked up. As our business cash advances can be up to $1 million, there's also scope for you to renovate your business premises or even expand to take your business to the next level. Working capital business loans aren't the only option when it comes to borrowing in order to help improve your cash flow situation. Get in touch with us here at Business Merchant Funding (BMF) today, to see how we can help you.