Business Cash Advance Qualification
Liberty Capital offers a practical solution for small business owners looking to manage costs, access lowest cost business cash advance. If well informed it could be costly. It matters who you work with, various funding sources, and maintain accessibility from a trusted business capital can go a long way.
While Business Cash Advances can provide quick and accessible funding, they come with significant risks and costs if you fall prey from working with the wrong loan broker. It matter what product you qualify and what product you’re offered. Some fell prey to business cash advance when they could have gotten a term loan at cheaper rate. But cheaper rate mean less revenue for the broker or lender. It’s always have someone who can look out for you, and, that’s Liberty Capital.
Business Cash Advance Credit Requirements
- Approved Industry with more than 3-5 deposits a month
- Revenue: Average $10-20K a months for the last 3 to 4 months
- Time in Business: Typically, at least 1+ years, but varies by lenders will go as low as 6 months.
- Credit Score: 550
- Documentation: Bank statements, bank verification and application. Proof of owners and time in business.
- Amount: Up to $5,000,000 per location based on the need
- Term: 2 to 18 months
- Interest Rate: rate factor start at $1.1 to $1.5 per dollar borrowed
- Frequency: Weekly, Daily
- Early Payoff discount
- Minimum Sales: $10K consistently and consecutively
- Minimum time in Business for other loans 12-24 months
What Do I Need to Get Business Cash Advance?
To get approved all we need is the following:
- One Page Application
- 3 or 4 Months of Bank Statements
For expedited funding, required at funding:
- Voided Check
- Driver’s License
- Proof of Ownership
Liberty Capital Group aims to simplify the application process with online pre-qualification, minimal paperwork, and a wide range of loan products to suit various business needs under one roof. We’ll provide multiple offers. We’re confident we can compete! Start now call 888-511-6223.
Apply and Get Funded within 24 hours
Liberty Capital Group's Approach
Bank Statement Assessment: If you qualify for a bank loan, your application is submitted for this option first. If approved, you receive the bank loan.
Next Best Loan: If the bank loan application is declined, your profile is then evaluated for the next best available loan. For instance, if you applied for a line of credit but are turned down, you might be offered a term loan instead.
Multiple Offers: You are not obligated to accept any of the offers presented to you. The goal is to provide you with an approval option that you can consider for your business needs.
High Approval Chances: If Liberty Capital Group is unable to approve you, it is likely that other lenders may also find it challenging to provide you with a loan.
Merchant Cash Advance: Should you not qualify for a line of credit or a term loan, the next option would be a merchant cash advance. This ensures that you have access to some form of funding even if higher-tier options are not available.
Experience Matters: Business cash advance can be a complicated process, so you must not do it alone. Working with an business loan broker who knows how to package the best approval will only help get you the right financing.
