Minority business loans were first established to help minority business owners and women access the capital they need to establish businesses. They are primarily for start up businesses but for established business that need working capital to maintain and grow their business they are not a good option. They have a lengthy approval process with strict requirements. Now, minority business owners with an established business can get financing with a business cash advance.
The approval process is simple and easy with minimal paperwork and flexible repayment options. Business cash advances are based on future credit and debit card sales and there is no collateral needed to secure them. Unlike a minority business loan there are no financial statements or personal guarantees needed.
You process a minimum of $2,000 in credit and debit card sales per month
Your business is not a start-up
Your business operates in the United States
We have a 95% approval rate for businesses that meet this criteria for up to $250,000