Business Cash Advance

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What is a cash advance for business?

A cash advance is a type of short-term financing usually provided by a funder or credit card processor. When you take out a cash advance, you’re receiving funds against your future revenue or future credit card sales. You can typically get a cash advance in a few different ways. Through out this page we will break down how to get a cash advance, how the advance is remitted and review different services and products they can be used for.

Cash Advance Details


3 - 18 Months


As Fast As Same Day

Maximum amount


Factor rates

1.10 - 1.39

Merchant Cash Advance Pros vs Cons


Capital is Available Whenever You Need It

Suitable for a wide range of business purposes

Daily, Weekly, Bi-Weekly & Monthly Remittance Options


Higher Rates for Lower Credit Scores

Must have 6+ Months in Business

Approval Amounts are Based on Your Revenue

How does Business Cash Advance work?

When a small business finds itself in a bind or needs access to quick capital there aren’t many options available.   This is one of the advantages of a merchant cash advance.  Merchant cash advance companies will approve your for a certain amount, which you can usually take any amount up the approved amount.  The merchant will remit the advance with a percentage of each day’s credit card sales.  Fees are determined by a factor rate, essentially a multiplier of the advance amount.   A cash advance for small business is a way to tap into expected revenue of your business, so here are the main terms to know. 

  • Funding Amount – the amount a funder will approve your business for is determined by the healthiness of your cash flow and monthly revenue.
  • Total Amount of Purchased Receivables –  is determined by the amount of funding you get advanced including the factor rate and any fees included.
  • Factor Rate – The holdback is the percentage of daily revenue or credit card sales generated, which will be held by the funder to remit the funds.  This is translated to a factor rate.  
  • Remittance – the remittance amount is determined by the terms of the advance.  Cash advance lenders offer daily, weekly and bi-weekly options for remitting the advance. 

Who Qualifies for a Small Business Merchant Cash Advance?

Almost any small business that is generating revenue can qualify for a business cash advance, which is why it’s so desirable by many business owners.  But like any financing product, each business cash advance lender will have it’s own qualifications and you do have to meet the minimum requirements to be eligible.

The general minimum requirement for a cash advance are:

  • 6 months -1 years time in business
  • $100,000+ in annual revenue
  • 500 minimum credit score

Small Business Merchant Cash Advance Requirements

credit score

over 500+


positive payment history

Annual revenue

over $200K

time in business

6+ Months

* Note: These business cash advance loan requirements are based on previous Upwise customers and is just an average.

Access the top merchant cash advance companies with one simple application.

Jonathan FJonathan F
21:12 08 Apr 24
Timely efficient, def would work with again, made the processs easy
Hatchet's & MoreHatchet's & More
13:24 20 Mar 24
Absolutely great customer service. Jim is such a professional and was able to get us funding. Thanks Jim and Upwise Capital.
Nothing But HempNothing But Hemp
20:13 08 Mar 24
Donna EssnerDonna Essner
20:45 06 Mar 24
Craig went above and beyond to get this deal done! I would highly recommend UpWise Capital if you're looking for a broker to get investors onboard.
Merideth CannMerideth Cann
02:30 21 Feb 24
Leo provided a very quick turn around and is a pleasure to work with !
Alba De La CruzAlba De La Cruz
01:16 17 Jan 24
I worked with Leo. He is very attentive and professional.
Mohamed KhanaferMohamed Khanafer
22:37 02 Nov 23
Craig made himself available all the time, he was very attentive, professional and easy to work with. Highly recommend!
Tammy SockwellTammy Sockwell
11:09 06 Oct 23
We worked with Leo for our line of credit. We are a trucking company an can be a challenge to secure financing. The process was smooth and fast... funding. Our only complaint would be that Leo was a little impatience when it came to our decision making. We are very thankful for the funding and would do business with them again. Thanks,Upwiseread more
Sharon JohnsonSharon Johnson
14:57 18 Jul 23
Leo got us a line of credit loan very quickly to help with expenses we incurred during our new business building purchase.
Mike MaffeiMike Maffei
14:40 20 Jun 23
You are always hesitant when working with a finance firm to borrow money to grow your company But, I highly recommend Upwise Capital. Lou and Marc... went out of their way to ensure everything was taken care of. Very professional in all steps taken to secure the financing I needed. I look forward to continuing the business more
Niyetroshia ThomasNiyetroshia Thomas
15:17 06 Jun 22
I rarely write reviews, but my experience with Leo was absolutely. Leo was patient, knowledgeable, and extremely responsive. During a hectic work... week he continued to bare with me to be sure that i had all the information I was requesting. He got me the capital I needed within one day. I highly recommend this company!read more

Is Cash Advance Funding right for me?

Knowing if a business cash advance is right for businesses depends on the ROI (return on investment) on what you will be using the cash advance for and the final cost of said funding. Basically, you want to find out after all the dust settles if you will profit more than the fee of the funding and that the use of funds will bring in additional revenue for the business for the years to come.


What can a Small Business Cash Advance be used for?

A cash advance unlike bank financing that are heavily limited on what they can be used from can be used for many purposes IE:

  • The refinancing of debt in connection with an expansion of the business through newly renovated facilities or new and used equipment
  • The purchase of land and land improvements, including grading, street improvements, utilities, parking lots, and landscaping
  • The purchase of existing buildings
  • Additional Staff or employees
  • The purchase of long-term machinery
  • Payroll, day to day activities, and back taxes

Apply for a Business Cash Advance

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Document You'll Need to Apply

Driver’s License

Voided Business Check

Business Bank Statements (Last 4 Months)

Account Receivables Report for net 90 days

You may also be requested to provide the following for larger dollar amounts over $100K:

Balance Sheet

Profit & Loss Statements

Business Tax Returns

Personal Tax Returns

Cash Advance Pros & Cons

  • You may still be eligible for a Cash advance even with a low credit score.
  • Fast funding process once approved money can be in your business account in 24-48hours.
  • No collateral is needed such as property or equipment
  • Upfront fees that never change and no unexpected charges
  • This form of funding may be more expensive than others 
  • Depending on your remittance agreement funds may get deducted daily which may affect cash flow
  • Cash advances are temporary fixes to help businesses get back on their feet.

What is a Cash Advance Fee?

Cash advances are a fast and easy way to get cash, but they tend to come with larger fees that may outweigh some benefits. The first thing you must do before you take out a cash advance is to come up with a financial plan which assures your business can profit from the advance even with the higher fees. Include in this plan

With cash advances, most funders charge a flat fee or percentage of the transaction — whichever is greater. Some banks will vary the amount based on how you access the cash.

business cash advance loans - small business cash advance

Sometimes business opportunities or unexpected expenses require fast access to funds. While conventional loans have lengthy approval cycles, you may not want to delay pursuing opportunities or solving problems. That’s where a working capital loan shines – it provides the cash flow flexibility to respond quickly without red tape.

Rather than waiting weeks or months, our streamlined application evaluates your business’s financial health and payment processing. If approved, funds can be in your account in as little as 1-3 business days. Best of all, repayment is simple through agreed-upon daily or weekly deductions based on a percentage of your card sales or bank deposits. This innovative model lets you borrow against future earnings and optimize your cash flow on your terms.

Why Upwise for Cash Advance for Business

Quick & easy application

Our simple 15-minute application gets you on your way to funding quickly. Most applicants receive a fast decision within hours of applying. Then just choose your loan terms and you could have funds deposited into your account as soon as 24 hours.

Ensure you make the wise choice

Every Upwise applicant gets a dedicated funding advisor who takes the time to understand your business and it's unique needs. We are here for your support throughout the entire funding process.

Access multiple financing options

Upwise has an extensive product suite and a network of 100+ lenders. This means you're more likely to find the best match for your funding needs.

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