<\/p>\n\n\n\n
What is Cash Advance<\/strong><\/p>\n\n\n\n Business cash advance was originally based on a one-time payment to the company, in exchange for the agreed percentage of future credit card and \/ or debit card sales.\u00a0The term is now commonly used to describe a variety of short-term (usually 24 months) and small payments (usually daily or weekly payment) is characterized by small business financing options, rather than the larger monthly payment and a longer payment terms traditional bank loans.\u00a0The term “cash advance” can be used to describe the purchase of future credit card sales receivables or short-term working capital loans<\/a>.<\/p>\n\n\n\n Advantage<\/strong><\/p>\n\n\n\n Without collateral and guarantees<\/p>\n\n\n\n Poor Credit may not a problem<\/p>\n\n\n\n Easy to apply, no endless paper work<\/p>\n\n\n\n Quick approval and funding<\/p>\n\n\n\n Use and repayment methods<\/strong><\/p>\n\n\n\n There are usually three different repayment methods:<\/p>\n\n\n\n Split Payment: When the credit card processing company based on credit card sales agreement between the parts automatically split the business and funding companies.\u00a0This is usually the most common and preferred way to collect repayment for business and funding companies, as it is seamless.<\/p>\n\n\n\n ACH Payment: After sending the fund, the funding company directly collect its repayments from the business’ checking account by ACH.\u00a0When structured as ACH collection, funding company will collect a fixed amount daily or weekly, regardless of the sales business.<\/p>\n\n\n\n Lock box or a trust bank Payment: all credit card sales are sent to funding companies bank accounts, after deducting the repayment amount, the rest will be transferred to the business through ACH, EFT or wire transfer. This is the least preferred method because it causes a business day delay of receives of its credit card sales .<\/p>\n\n\n\n Industry <\/strong><\/p>\n\n\n\n When small businesses think the opportunity is more than the cost, they will apply small business loans<\/a> and cash advances<\/a>.\u00a0This means that small business owners are vital to emotional financial decisions.\u00a0If small business owners are optimistic about the economy growth, they will be more likely to expand, upgrade and investment.\u00a0Fortunately, small business optimism index soared in December 2016 to almost unprecedented highs, reaching 105.8 points.\u00a0Mining figures, 32% of small business owners think now is a good time to expand.\u00a0Most small businesses do not have the cash on hand to fund their expansion, but will have to rely on external funding, such as cash advance<\/a> and small business loan<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" What is Cash Advance Business cash advance was originally based on a one-time payment to the company, in exchange for the agreed percentage of future credit card and \/ or debit card sales.\u00a0The term is now commonly used to describe a variety of short-term (usually 24 months) and small payments…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"nf_dc_page":"","footnotes":""},"class_list":["post-50","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.weshinecapital.com\/en\/wp-json\/wp\/v2\/pages\/50","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.weshinecapital.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.weshinecapital.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.weshinecapital.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.weshinecapital.com\/en\/wp-json\/wp\/v2\/comments?post=50"}],"version-history":[{"count":1,"href":"https:\/\/www.weshinecapital.com\/en\/wp-json\/wp\/v2\/pages\/50\/revisions"}],"predecessor-version":[{"id":51,"href":"https:\/\/www.weshinecapital.com\/en\/wp-json\/wp\/v2\/pages\/50\/revisions\/51"}],"wp:attachment":[{"href":"https:\/\/www.weshinecapital.com\/en\/wp-json\/wp\/v2\/media?parent=50"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}