Business Cash Advance

The small business cash advance and a traditional loan have the same basic functions. Receive funds for your business needs and repay. However, there are significant differences. The business cash advance is completely unsecured, with no assets required. Cash advances do not attach to businesses equity or claim a stake in a business. The business is free to use the funds however they choose unlike a traditional bank that restricts on how to use your funds. The business cash advance amount will be based on the monthly business credit card sales and monthly gross sales.

Why Not the Banks?

The reality is the banks are going out of business and simply do not have the funds available in today's financial market. Over 500 small business lending programs are non existent from the past years. Our merchant cash advances are from the private sector market that is completely unaffected by the economic downfall our country is experiencing. We are here for the businesses of America. Our funding line is healthy and growing. Billions of dollars in cash advances have funded this year and is on the rise. Prominent growth is evident with a very high renewal rate. Renewal cash advances are processed in 24hrs. Once you are a client it is a simple phone call for more funds or a renewal with no additional paperwork ever needed. Our business cash advance approval rate is 25 times higher than banks. Wilshire Financial Group does not require strict disclosures. Just basic fundamentals are needed to fund your business cash advance.

TRADITONAL BANKING VS. BUSINESS CASH ADVANCE

TRADITONAL BANKING		BUSINESS CASH ADVANCE
TIME CONSUMING LOAN PROPOSAL		2 DAY APPLICATION TO FUNDING PROCESS
STRICT MONTHLY REPAYMENT SCHEDULE		REPAYMENT BASED ON SALES VOLUME
BASED ON PAST CREDIT HISTORY		CREDIT HISTORY DOES NOT MATTER
COLLATERAL REQUIRED		NO COLLATERAL REQUIRED
LENDER DETERMINES HOW FUNDS ARE USED		YOU DETERMINE HOW FUNDS ARE USED
DEBT-TO-INCOME RATIO IS COMPROMISED		NO IMPACT ON DEBT-TO-INCOME RATIO
95% OF SUBMISSIONS DECLINED		95% OF SUBMISSIONS APPROVED!!!

Traditional Banking Rules

Traditional loans are underwritten with numerous default clauses including but not limited to late payments, bankruptcy and breech of contract in loan docs signed. The loans docs will include default fees, attorney fees and a strict code of enforcement of repayment in the collection process. Our paperwork is simple and can be read in 2 minutes with clear definitions. Traditional banks typically have a long process for a small business loan and a much longer process for a SBA loan. A cash flow injection is needed instantly not in 15-30 or 90-180 days. Our job is to provide merchant cash advance immediately, just the way a cash injection should be.

Unsecured Business Cash Advance Benefits

Many business owners choose a cash advance over a bank business loan for the simple reason that it does not report on your credit and affect your debt to income ratio resulting in a lower fico score. In some cases business owners use the cash advance in conjunction with a business bank loan. Having an unsecured business cash advance allows you to be marketable for funds and receive additional forms of credit. A cash advance does not show on your credit and gives you the opportunity to extend yourself in the markets. Cash advance funds are a great way to buy equipment, another business, additional location, development, remodeling, possessing land or even fund a new idea with no attachment. How you utilize your merchant cash advance in not our concern.

Business Cash Advance Repayment

Repayments are made through your credit card sales processed through your merchant credit card processing company. A small percentage of your credit card sales are applied to the payback of the cash advance. Payments received as cash and checks are not used for repayment. Your cash advance will be paid automatically with no due date. We work with the pace of your credit card sales cash flow. There are no fixed payments. Your credit card processor will collect payment for us. No hassle policy includes no late fees, no stamps, no problems just funds.