Business Cash Advance


Frequently Asked Questions & Answers

Have a look at frequently asked questions & answers to understand more about our cash advance solutions:

The amount you get from a merchant cash advance depends on how much in credit or debit card sales you process each month. The bigger you are, the larger the available advance. Some business cash advances reportedly go as high as $1 million, but typical arrangements are for less than $200,000.

You can complete our application online or email it to us with 3 months bank statements to get started. We might request additional bank or merchant statements depending on the cash advance amount requested.

From the time you apply for a merchant cash advance, it takes less than a week, sometimes less than 48 hours, for you to get the cash, assuming you’re approved.

Merchant cash advances are not typical loans, so you don’t have to put up any collateral. Instead you agree to sell a portion of your future receivables in exchange for the cash advance.

Requirements vary among business cash advance providers, but you must show a healthy track record of debit and credit card transactions for at least a few months.

You have no obligation to repay the cash advance if your business fails. When purchasing your future receivables, the provider assumes the risk that you could go out of business. But you must follow the terms of the contract. For instance, you can’t encourage customers to pay with cash instead of credit.

General Cash Advance Inc offers access to Business Cash Advances ranging from $2,500 – $1M, with terms between 3 – 24months.

No. A true business cash advance has fixed terms and payments, which are typically up to 50% less expensive than a merchant cash advance. Additionally, a business cash advance can report your payment history to the credit agencies, whereas there are no credit benefits to using a merchant cash advance.

Just about anything to help your business grow or achieve sustainability. Many small businesses use a business cash advance for purchasing inventory, equipment, launching a marketing campaign, hiring additional employees or even general working capital.

A business cash advance uses daily or weekly ACH payments which are made directly from your business bank account. These fixed payments are proven to prevent the snowball effect often caused by missing larger monthly payments.

During the application and approval process, we focus on the creditworthiness of your customers, while banks focus on your company’s financial history and cash flow. Accounts receivable funding is not a loan; therefore no debt is entered on your company’s balance sheet. We can make a quick funding decision, while banks may take weeks-even months-to approve a loan.

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