FAQs
At BalanceAdvance, we’re here to make business financing simple and transparent. Below are answers to common questions about our business loans, merchant cash advances, and lines of credit. Need more help? Our New York City-based team is ready to assist you like family.
- 24-Hour Approval
- Up to $500K
- 15+ Years Experience
We provide three flexible solutions:
- Traditional Business Loans: Fixed-rate loans up to $500,000 for expansion, equipment, or inventory, with terms up to 7 years.
- Lines of Credit: Revolving credit up to $250,000 for cash flow or unexpected expenses, with interest only on what you use.
- Merchant Cash Advances (MCAs): Up to $500,000 based on future credit card sales, with flexible repayments tied to your daily revenue.
Most small and medium-sized businesses qualify, including startups and established companies in industries like retail, hospitality, construction, and healthcare. Typical requirements include at least 1 year in business, a minimum annual revenue (e.g., $100,000), and a personal credit score of 600 or higher. Specific criteria vary by product, so contact our team for details. Apply today to see if you qualify!
With BalanceAdvance, speed is our strength. You can get approved in as little as 24 hours, with funds deposited in 1-3 business days for business loans, lines of credit, and MCAs. Our streamlined online application makes it easy to start now. Don’t wait—secure the capital you need to seize opportunities!
Our financing is flexible to meet your needs:
- Business Loans: Fund expansion, inventory, equipment, or marketing.
- Lines of Credit: Cover cash flow gaps, seasonal expenses, or unexpected costs.
- MCAs: Address immediate needs like inventory restocking or emergency repairs. Whatever your goal, we’ll tailor a solution to help you grow.
It’s simple:
- Complete our secure online application in minutes.
- Submit basic documents (e.g., bank statements, business financials).
- Receive a decision in as little as 24 hours. Apply now to get started and take control of your business’s future!
- Business Loans: Fixed monthly payments over 1-7 years, with competitive rates based on your credit and business profile.
- Lines of Credit: Pay interest only on the amount you draw, with flexible repayment as you use funds.
- MCAs: Repayments are a percentage of daily credit card sales, adjusting to your revenue flow. Our transparent terms ensure no surprises.
Never. At BalanceAdvance, transparency is a core value. You’ll see all costs upfront, with no hidden fees or unexpected charges. Our team will walk you through every detail to ensure you’re confident in your financing choice.
An MCA provides quick cash based on your future credit card sales, with repayments tied to a percentage of daily revenue, making it ideal for businesses with fluctuating income. Traditional loans offer fixed payments and are better for long-term investments. MCAs require less stringent credit checks, offering faster access to funds. Not sure which is right for you? Contact us to find the best fit.
Yes! While a credit score of 600 or higher is preferred, we evaluate your overall business health, including revenue and time in business. Our lines of credit are designed to be flexible, helping businesses with varying credit profiles. Apply today to explore your options and get the support you need.
With over 15 years of experience, BalanceAdvance is your trusted partner for fast, flexible financing. 91% of our customers return for a second loan, and 82% rely on us exclusively for financing. We’ve approved over $100 million in loans, offering the most flexible terms in the industry and earning multiple business lending awards. Choose us for a family-like approach and financing that fuels your success—apply now!
Still Have Questions?
Our team is here to help. Contact us today or start your application to experience why businesses across industries trust BalanceAdvance as their #1 credit solution.
