Business Financing Tips

Tips for Applying for a Cash Advance

Getting a cash advance for your business all depends on who you apply with. Not every lender will have the same criteria for loan processing and it is up to you to research the available options before taking the time to fill out an application you may not be approved for.

At Universal Funds we want to get you the money you need as fast as possible so we make it easy by featuring:

  • No personal guarantee and No collateral required
  • Bankruptcy OK
  • Bad Credit OK
  • Approvals within 24 hours
  • Simple one page application

However, if you are seeking cash elsewhere, here are some tips that will make the process easier.

Be sure to ask the following questions before initiating the loan process:

  • How long do I need to have owned the business
  • Is there a minimum credit card processing on a monthly basis
  • How many years need to remain on the business lease
  • Will an outstanding bankruptcy effect my chances
  • What credit score is required
  • Can I have an existing merchant cash advance
  • Will my rent situation effect my application

Different lenders will have their own requirements for a cash advance and it is important that you review this before you begin the loan process since some may disqualify you from a loan and it is not worth the time applying for something you know you won't qualify for.

To learn more about our fast cash advance programs, call: (888) 725-7760

Useful Business Financing Tips