Who Doesn’t Qualify for a Business Cash Advance?
Many small business owners do qualify for business cash advance, as it is meant to provide business funds to small business owners who do not qualify for traditional bank loans. However, there are some businesses that are ineligible for business cash advances. For example:
· Startups
· Non-merchant businesses (businesses that do not sale products or services)
· Businesses that do not accept credit cards
Owners of these types of businesses may want to consider other avenues for securing business funds. As a reminder business owners that process at least $3,500 in monthly credit card sales, owned their businesses for at least six months, have at least one year remaining on their business leases and have no unresolved bankruptcies can apply for a business cash advance, with the chance to receive up to $500,000 in business funds in as little as five business days.
