The Better Alternative to a Small Business Loan
If you struggle to get approved for a small business loan or any other type of loan from a traditional bank or credit union, it may be time to explore more creative options. At Aspen Commercial Lending, we offer business owners the opportunity to borrow against their credit card sales via a process called merchant cash advance. This explicitly allows you to use cash advance for closing costs.
How These Types of Loans Work
If your business is approved for a cash advance, our team at Aspen Commercial Lending will give you up to $200,000 for each business location. Your advances are then taken against your credit card sales to come. We don’t discriminate against credit card companies and will gladly advance funds against sales from MasterCard, Visa, Discover, American Express or any other eligible company. Once approved, you can expect your funds in no more than seven days.
Advantages of a Cash Advance
There are several benefits of utilizing a cash advance for closing costs. The greatest perks, however, are as follows:
- The money is yours to spend as you please.
- You will receive your funds quickly.
- There is no credit check required.
- Using a cash advance for closing costs requires little paperwork, no application fee, no fixed payments and no closing costs.
- The loan is easy to repay.
- Collateral is not required.
Contact Us Today
If you need help getting your business on the track to success, look into using a cash advance for closing costs. Contact Aspen Commercial Lending to discuss this and other options.