I’m a business owner, and I tell ya, recently the crazy weather that we’ve been getting here, has really affected my business and my finances. The region I’m in has been experiencing some pretty insane weather lately, and it’s really affecting our way of life here.  After a huge storm, and tornadoes last month, our entire town lost power, including my ice cream shop, where all of my ice cream melted and food started to go bad because the fridges were out. It was a total nightmare. I had no money to pay for all the damages and replace all of the 60 tubs of melted ice cream and food. I took out a merchant cash advance to help me purchase everything that I had lost as well as help to cover some damages to the exterior.

A merchant cash advance is something that many people might not be aware is available to business owners out there. It’s basically an alternative to getting a business loan from a bank, they are easy and really fast to obtain, which is why I decided to go that route. I needed to fill my fridges and get my ice cream supply back before the long weekend, with a merchant cash advance I was able to get funded in a little as 48 hours, which gave me the money and the time to get up and running again before the weekend came. I know a lot of business owners as we hold monthly seminars and gatherings in my town, we discuss things we can do as small businesses to improve ourselves and do better in our community, and the issue of money always comes up. Many business owners have a hard time getting enough capital to make improvements, and banks just don’t have as much faith in small businesses in this poor economy. After going through the situation where I needed money desperately for my business, I have mentioned the merchant cash advance option to my fellow business owners, where many have also taken advantage of this great opportunity.

For the most part, I’m sure that most of these merchant cash advance places have similar requirements, they are usually fast funding and do not require that you have a perfect credit history. If you wonder why, it’s because the lending approval is based more on what your business earns in a month rather than if you have good credit.  Let’s face it, we all, or most I should say, have some negative stuff on our histories, the banks would definitely see that as a red flag, but with this loan alternative it isn’t a huge deterrent. It’s very stress free, you can actually get a loan all the way up $250000, and this money can go into your account as soon as 48 hours after you are approved.

I got my business back up and running within 3 days of the initial approval, that was with everything, from receiving the money to ordering my products, restocking and everything! If I had done this through the bank, I would have never been on time to open for the long weekend.