What I Did with My Business Cash Advance

The business cash advance can be used for many things within a business. Learn how various small business owners have used their business cash advances.
What you do with your business cash advance is completely up to you, because typically, lenders put no restrictions on how funds can be used. These fictional stories are representative of the many merchants who have taken advantage of business cash advances and used them to grow and/or maintain their businesses.

I Renovated

I opened my interior decorating business about 10 years ago. We hadn’t redecorated since we first opened. When people come to our office and sit in our lobby, the last thing we want them to think is, "These people can’t even keep their own office up-to-date, why would I trust them with my home?" We want our clients to see our office space as a taste of our creativity and skill, a small sample of what we can do for them. Needless to say, I wanted to renovate. The only problem was, we didn’t have a large amount of cash to dole out on renovation.

I’d heard about the business cash advance, but I’d never tried it before, so I decided to research the business funding method. I got a free online quote, then I completed an online application. After submitting the required documentation, I was approved in 48 hours and seven business days later, I had my business cash advance in my bank account.

We used the funds to redecorate our lobby as well as my office!

I Expanded

After years and years of hard work, I finally began to see a steady increase in revenue from my retail store. Demand was increasing, but I couldn’t match the demand with the supply. I knew it was time to open another location, but I didn’t have the money on hand. That’s when I took out a business cash advance. I was able to get approved for a large amount, because my retail store was processing a pretty good amount in monthly credit card sales.

My advance was repaid in about six months. Then, I got a renewal and purchased some additional inventory.

I Got Working Capital

The recession made it difficult to continue running my business, but I wasn’t ready to give up. I knew if I had, a little bit of extra cash, just to increase my cash flow, I could save my business, and hold it over until sales picked up again. The business cash advance was the working capital loan that I needed. Now, my business is doing better than ever.
Business Cash Advance
Use your business cash advance however you choose!

By Chrystal King
Published: 6/18/2009
 
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