The time it takes to receive funding can vary depending on the lender and the specifics of each application, but generally, funds from a business cash advance can be available quite quickly. Many providers aim to deliver funds within 24 to 48 hours after an application has been approved.

Typically, receiving a funding advance does not directly impact your credit score because providers usually do not require a hard credit check that would appear on your credit report.

The cost of a cash advance is based on a special rate called a 'factor rate,' which typically ranges from 1.18 to 1.55. This rate isn’t like a regular loan's interest rate. Instead, it multiplies your advance amount to figure out your total repayment.For example, if your business gets $30,000, you might end up paying back anywhere from $35,400 to $46,500.The rate you get can vary based on how well your business is doing. Also, some cash advances might include an extra charge called an 'origination fee,' which can be from 0-5% of the advance amount.

*For the $500 Meet or Beat Guarantee, applicants must demonstrate a consistent monthly revenue of $20K or more for each of the past three consecutive months and should have been operational for at least 12 months prior to applying. Competing offers from other funders must be presented in detail and MUST originate directly from the proposing funder, with photocopies, scans, or other reproductions possibly not being accepted. At the time of presenting a competing offer, clients must not have already committed to a funding agreement related to said offer with another financier. This guarantee does not cater to industries deemed high-risk, including but not limited to transportation, real estate, construction, and adult entertainment. Furthermore, applicants should have a clean financial history with no funding defaults or derogatory payment behaviors. The $500 guarantee will be awarded once a copy of a funding contract from an alternative lender has been received and validated, showing successful funding. This promotional offer becomes void 72 hours after its presentation to a potential client and is solely applicable to Revenue-Based Funding Offers. The term "best offer" specifically refers to the "cost of capital" and the repayment amount. We hold the right to amend or retract this offer without prior intimation. All funding agreements hinge on positive credit reviews, exhaustive background checks, and a conclusive bank verification process. Some exclusions might apply. While the guarantee is offered predominantly in the USA, it is not applicable in states like California, Nevada, New York, Utah, Virginia, North Dakota, South Dakota, Montana, or in regions where such best-offer guarantees are prohibited by law. Previous or existing clients of our company are expressly exempt from this offer.