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What Can an Advance Be Used For?

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What Can an Advance Be Used For?

As mentioned before, the process of applying for a fast business cash advance is straightforward and painless. However AL installment loans, there are certain requirements that you must meet if you want to be approved and receive your funding. Namely, you need to operate a business that accepts credit or debit cards and has a high enough turnaround to be realistically able to pay back the loan.

Some of the types of businesses that typically benefit the most from a business cash advance include hotels, retail outlets, beauty salons, flower shops, and restaurants, to name a few.

You will also need to be able to prove that your business is generating sales through your bank statements, which will allow us to provide you with specific options that are available to you in terms of the amount that we can fund and the rates that we can offer.

There are numerous reasons a company might need a quick business cash advance-since the process of getting it is quite fast and straightforward, companies might use a capital cash advance for both emergencies and planned investments.

For instance, if you are anticipating an influx of sales because of a shopping season in your sector, you can use a business cash advance to stock up on inventory at wholesale prices and maximize your profits for the quarter.

Another common reason for raising merchant cash capital by using a cash advance is to keep the cash flow steady during slower months. This, in turn, can help you avoid fluctuations and the potential challenges of keeping the business going.

Finally, if your business is booming and you want to expand or open up in new locations, using the services of merchant cash advance lenders like L3 Funding can help you quickly raise capital and pursue the available opportunities.

What Are the Benefits of a Business Cash Advance?

Business cash advance funding is on the rise, with more and more businesses opting for this type of financing every year. And, when you consider the benefits, that’s not surprising.

This type of funding allows companies to receive funding very quickly, with the application process often taking mere hours, and money reaching the account on the same day the funding is approved.

What’s more, cash advances work well for businesses that might not have an impeccable credit rating. At L3 Funding, we want to get the whole picture of a company, and will look at bank statements before providing rates and deciding whether or not the business qualifies.

Finally, since we do not require collateral, businesses don’t have to risk their assets or credit rating, instead covering the funding with future sales.

Why L3 Funding is the Right Choice for Your Needs

At L3 Funding, we specialize in providing flexible business cash advance terms to small and medium businesses. We understand that every situation is unique, and try to work with companies to offer a solution that is the most beneficial for their particular needs.

And since your business might need funding right now, we have streamlined the application process to make it as short as possible: you can have funds delivered to your account within hours, with minimal paperwork required. Unlike many other business cash advance lenders, we don’t ask our clients to provide collateral, and we don’t judge them based on their credit score alone, so you can get rates and terms that are more favorable.

Finally, our simple business cash advance approach doesn’t have variable APR or interest rates. Instead, we use a simple and easy to understand fixed cost of capital approach. Apply for the working capital you need today!

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