Business Cash Advance Blog

Small business owners worry that the much anticipated stimulus package will not help their businesses. These creditworthy businesses need to know there are alternative sources for securing working capital to compete in a troubled economy.

 It does not appear there will be substantial government aid to help small business owners. The stimulus bill approved in February for nearly $790 billion dollars does not mandate that the government needs to utilize any of the funds for small business. Between the disappointment in the stimulus bill and the impact of the “credit crunch”, many small business owners across the nation feel there is nowhere to turn for financial assistance. However, there is stable form of financing that is helping small businesses maintain and grow their businesses in today’s economy.

Business cash advances or merchant cash advances provides working capital up front to small business owners in exchange for a small portion of their future credit card sales. In addition to business cash advance programs being one of the only means of securing money right now, there are many advantages of cash advances verses loans. Cash advances do not require the traditional guarantees, liens or collateral associated with bank loans. There are no application fees, out-of-pocket costs or fixed monthly payments. And, businesses with poor credit or no credit can qualify for this type of program. 

Read more on this topic in an article featured in CNN Money, http://tinyurl.com/dd5kax.