Business Loan, Merchant Cash Advance, And Working Capital FAQ's

What is the difference between a business cash advance and business loan?

A business cash advance is based upon your monthly sales, not your credit score. A business loan is dependent upon a proven ability to repay a sum over time, something that many new businesses don't have. A merchant cash advance allows you to obtain money based upon little more than a history of credit card receipts over the last 60 days, which makes business cash advances great for new establishments. Because of the difference between a business loan and a merchant cash advance, business cash advances are usually approved faster than small business loans, and require far less paperwork to be approved for working capital.

How do I qualify for a business cash advance?

Qualifying for a business cash advance is as simple as having a demonstrated cashflow, proven through past statements. To qualify for a merchant cash advance, you should have a dependable flow of credit card income over the life of your merchant cash advance repayment period. Business cash advances are great for businesses with poor credit and can help build your credit history so you might qualify for small business loans later on.

How do I qualify for small business loans?

Small business loans do require a stronger credit history for approval, but the terms can be very favorable for some businesses. To determine whether you qualify for small business loans as well as business cash advances, just fill out our 1-minute application form and see what type of working capital you can receive!

Is it easy to get funded by Nations Advance?

We designed our application process to make getting working capital as easy as possible. We have just one application form for a business loan and a merchant cash advance, saving you time and letting you see all your options. Choose one of the small business loans or business cash advances, and you'll get you approval in 24 hours and could have working capital in just 3 days. That's faster than a typical bank, and our terms are much more flexible.

Is there anything I can do to get a faster approval for a merchant cash advance or small business loan?

After you provide us with the information necessary to approve your business cash advance or small business loans request, we'll always get a decision to you within 24 hours. If you've submitted everything that our merchant cash advance and small business loans working capital application requires, you're set for a speedy decision.

How do I start getting working capital from Nations Advance?

You have two options to get working capital. You can start by simply filling out our easy 1-minute business loan and business cash advance application. If you prefer to discuss your working capital needs with our experienced staff before completing our no-commitment application, you're welcome to call us at 888-330-3935 x309.

Have more questions? Our experienced team of financing experts is waiting to assist you right now – call us at 888-330-3935 x309 or email us at info@nationsadvance.com and get answers about small business loans and business cash advances fast!