Is the approval process easy when applying for a Business Cash Advance?
In today’s economy, it would be much easier to get approved for a business cash advance, than it would be to get a loan from any bank in the USA. A business cash advance provider looks at: the businesses credit card processing receipts, the longevity of the business and the credit worthiness of the owner. Financial Institutions focus more on the cash flow statements, profit & loss, and balance sheets. In my opinion, a business cash advance is more easily obtainable given the underwriting criteria.
How long will it take to receive the funds?
Once the business cash advance application is submitted, it takes approximately seven to ten business days for the merchant to receive the funds into their specified bank account. Keep in mind if our underwriting department requires more documentation, it will take longer for the merchant to get approved.
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