A high risk business loan may seem like a good option to secure the cash you need if you are struggling with bad credit or poor sales. But the high interest rates, long approval process, and strict requirements may make you think twice. High risk businesses (even those with bad credit) can qualify for up to $250,000 in financing without the hassles of a business loan!
A business cash advance, unlike traditional business loans, is simple, with few requirements and some added benefits. Your business can be approved in less than 24 hours with a quick one page application and no business plan! Even if you have been labeled as "high risk" you can still get the cash you need, faster than any traditional high risk business loan product!
Business Cash Advance... A Better Alternative to High Risk Business Loans!
Since business cash advances are based on future credit card sales, risk is not as high. Unlike business loans; collateral, financial documents, or a lengthy business proposal is not required.
In addition to the simple approval process and minimal requirements, cash advances offer businesses flexible repayment options; when sales drop, we simply take a smaller payment.
“High Risk”is meaningless if you meet the following requirements::
Your business is registered in the United States
You process $2,500 or more in credit card sales
Your business already exists (This is not available to start-ups)
More than 95% of businesses that meet these requirements are approved for a business cash advance of up to $250,000.