Bank Loan or Unsecured Business Cash Advance

I think it’s very important that small business owners know the

specific differences between getting “dream” funding from a

bank or “realistic” funding from an unsecured business cash

advance company. Your choice can end up deciding how

successful your business will actually be. The comparisons:

Banks –

Traditionally, banks are more conservative with their investment

dollars. Unlike many venture capitalists or angel investors, they

are far more likely to approve a loan for an established business

over a startup or emerging company. This is largely due to the

fact that they are investing the money of their depositors.

Business Cash Advance Companies –

To the contrast, there are financial companies out there that do

have the same deep pockets as these traditional banks. The

difference is that these independent wealth powerhouses will

give unsecured cash advances to businesses that they think

have a great future and thus invest in their potential.

Banks –

Before approaching a bank, you should have all your key documents

in order, starting with a solid business plan. You will also need to

have the most recent financial statements available, projections for

the business, and a repayment plan, plus collateral. Collateral

may include:

– Hard goods such as equipment;

– Real estate;

– Stocks or bonds;

– Other personal assets;

– Personal guarantees.

Business Cash Advance Companies –

This will make 99 percent of smart and shrewd small business

owners very happy. When you partner with a legitimate and legal

business cash advance company, you will find out how painless

doing business with them is.

There is no need for financial statements, no projections for the

business, no repayment plan and best of all, no collateral is needed

whether business or personal. Do you realize how important that

last part is to a small business owner. No collateral needed?

Banks –

Banks also want to know that you’re making your own investment

in the business. A bank is more likely to approve a loan if it sees

that the owners are investing a good percentage of the necessary

startup capital into the business.

Business Cash Advance Companies –

If you need an infusion of cash for your business, it probably holds

true that most small business owners don’t have a healthy some of

cash to invest in their business besides the loan they are looking

to get. So, the old saying that it takes money to borrow money is

obviously self-evident when dealing with traditional banks.

On the other hand, an unsecured cash advance comes with no

strings attached such as you putting up your own cash funds to

receive this advance in the first place. Let’s not forget that there

will be application fees ranging from $250 to $500 with a bank…

again there being no up-front application fees that are required

when doing business with a cash advance company.

Banks –

Once someone said to maximize your chances of receiving an

approval on a business loan from a bank, it’s wise to look at the

situation from the standpoint of the lender.

How so you may ask? Well, a lender wants to know:

– Exactly how this business will operate and why it’s expected

to make money;

– Exactly how the money will be used;

– How you plan to repay the loan and over what time frame;

– That you’re willing to take a significant financial risk in the


– That you’re responsible and can manage this business;

– Who else is involved in management or operations, and that

they will also be responsible for the proper use of the money

from the loan.

Business Cash Advance Companies –

Besides the fact that any small business owner who has borrowed

money from a bank in the past knows the decision for approval and

the dispersement of funds doesn’t happen overnight. It takes time.

A long time in most instances.

With an unsecured cash advance business, you can expect an

answer on your approval within 24 to 48 hours. And the good news

is: Approximately 90 percent of small business owners are approved

for the business cash advance whereas only 30 percent get an

approval from a bank.

Best of all, you receive your funds within one week’s time. Plus, you

can do whatever you see fit with the money whether it be buying new

equipment, purchasing more inventory, buying a company vehicle or

expanding your business into other markets.

The smaller the business, the more closely the person behind will

be evaluated. Hence, you need to make sure you get all your

financial records in order before approaching a bank or lender.

You will also need a solid credit rating to make this work.

If waiting long periods of time for an approval, or laying your whole

financial history and personal history bare doesn’t bother you, then

a bank is for you.

However, if you want an alternative to bank funding that gets back

to you within 24-48 hours for an approval and who direct deposits

your funds up to $250,000 into your account within one week’s time

and all this being painless, then what in the world are you waiting for.

And for further clarification, you keep your bank account and Visa

and MC transactions the same. Your bank won’t notice the fact that

you applied for advance funding except when they’re impressed by

the deposit in your bank account

Only you and you alone will know. It’s safe and secure. Above all,

it’s the new way to fund your biz. Get your business cash advance


Leave a Reply

Your email address will not be published. Required fields are marked *