Not to mention, applying for an unsecured business loan demands considerably less paperwork than a bank or credit union loan. Cash Biz Corporate International Blvd. August Businesses in need of quick cash often turn to companies offering merchant cash advances online. We are a locally owned company serving all types of businesses across the United States. Apply Today Please email the completed application and the last 3 months bank statements. This is a short-term solution, usually for an immediate need.
Cash Biz, the operator of this website is not a lender, broker, agent or representative to any lender. Cash Biz does not make online cash advances or credit decisions. Advertising on this website does not constitute an offer or solicitation to lend you money. American Cash Advance Hacks Cross Road Suite Memphis, TN [email protected] fax. Originally, a merchant cash advance was a small business finance strategy that provided a lump-sum payment (cash advance) to a business owner which was to be paid back using a percentage of the proceeds from future credit card or debit card sales.
Our expert advisors can help you get the financing your business needs, in the quickest way possible. Unlike bank lenders, our applications are short and simple and our approval process is quick. We are constantly striving to provide the best quality service.
We encourage you to explore our website and give us a call to obtain all of the information you need to make an informed decision. We are here to support you and your business, so please call and get a free quote. We can get you started! We can help finance your business quick and easy, all it takes is a phone call or submit an online application.
We can have you funded within 48 hours of approval! No Cost We are happy to review your application with no risk or obligation to you at all! Very Easy Simply fill out our one page application, send us your last three months of bank statements, and we will take care of the rest! Flexible We do not see you as a series of numbers; we look beyond your credit score and assess the health of your business as a whole.
However, an unsecured business loan can be approved and funded with little or no collateral, and without perfect credit. Not to mention, applying for an unsecured business loan demands considerably less paperwork than a bank or credit union loan. Plus, you can be funded in days, depending on the lender that approves you.
Merchant Cash Advances are ideal for businesses with strong credit card sales that may have had difficulty qualifying for loans due to bad credit history or lack of collateral. You get a lump sum in exchange for a percentage of future sales. The funds can be used for business expansion, regulating cash flows, product development or any number of business-related expenses. Businesses can benefit from a cash advance because it is very flexible.
A set percentage is deducted from daily credit card sales until the premium is met. The amount you remit is contingent upon your cash flow so, unlike other financing options, it is adaptable to the seasonality and unpredictability of real-world business.
With a Merchant Cash Advance there is no concrete due date or fixed remittance schedule. So, if traditional lines of credit have been unsuccessful or you need a faster, more flexible financing option, a Merchant Cash Advance is a viable option. Secured loans are protected from default by either a personal guarantee and or collateral. Because of this, payback rates for Secured Business Loans are consistently lower than those of unsecured business loans and traditional business cash advances.
The lower rate and extended payback terms, plus the speed of funding, make secured business loans a preferred method of financing for many business owners. A secured loan from most banks and credit unions require near-perfect credit and a minimum of two years in business. If timing is important when it comes to obtaining financing for your business, a secured loan through BizLender may suit your immediate needs. On average, a typical bank loan can take up to six months to close and an endless amount of paperwork.
However, a secured business loan is a financial tool available to almost every business regardless of most credit scores and time in business.