# Small Business Cash Advances
In the current economic scenario, even a very profitable small business may be short of cash at times, due to certain unexpected contingencies like an unexpected default. In such cases, it may be difficult to get enough cash to meet the working capital requirements. Most banks and other financial institutions take a long time to take a decision regarding a small business loan. They also require detailed financial information about the business and sufficient collateral.
To overcome this limitation, Merchant Capital Source offers a business cash advance for small businesses which process at least $5,000 a month in Mastercard/ Visa credit card sales and have been in business for more than nine months. The company then deducts a small amount every month from the credit card sales. A monthly statement is sent giving details of the amount deducted. If the business owner has poor credit, it is difficult to find unsecured small business loans. The cash advance is unsecured, as no collateral or personal is required.
The small business cash advance can be used to fund the growth of the business by purchasing inventory at discounted rates, advertising to increase awareness, expansion, equipment purchases or financial emergencies. Applications for cash advances are approved within 24 hours and the business usually receives the funds in 7 business days after approval.
