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Business Advance Funding Review

Business Advance Funding is an alternative direct lending platform online, focused on providing unsecured business funding to owners of small businesses in the United States. They are perfect for businesses who want to get collateral free cash advance on relaxed terms in one business day or two at no additional costs. With them, you can qualify for business cash advance ranging between $5000 to $500,000.

They extend their dedicated unsecured working capital financing solutions to diverse merchants such as dentists, restaurateurs, medical practitioners, beauty salon & spa owners, hotel and motel owners, retailers and many more in business capital crises. Besides, they also offer special loans for women owned businesses and seasonal businesses.

Why Get Unsecured Business Loans from Business Advance Funding?

  • No collateral business cash advance up to $500,000
  • High loan approval rate
  • Bad credit score accepted
  • No extensive business plans
  • Simplified unsecured loan process
  • No personal guarantee required
  • Direct lender with no brokers
  • Clear terms, rates and fees
  • Easy loan renewable program

Rates & Fees

Minimum APR – 9%

Maximum APR – 40%

Business Advance Funding provides fast turnaround even to small business owners with bad credit score and hence the maximum APR is 40%. However, businesses with a good and excellent credit may qualify availing much lesser APR starting from 9%. Also understand that the minimum and maximum APRs mentioned are approximate rates and the exact APRs will depend on the credit history, the loan duration and the qualified amount.

Application & Qualification

Application Process

Business Advance Funding is believed in a good reputation for simple, secure and convenient online application process that involves no heavy paperwork. The application is free and can be accessed 24/7 online from any mobile device, laptop, computer, etc. The approval process is quick; if the relevant eligibility criteria is met, the unsecured business advance amount is deposited directly into the borrower’s authorized bank account.

Min. Requirements

  • 6 + months in business
  • Monthly revenue of at least $5K
  • No open bankruptcies

Other Requirements

  • Recent 3-month bank statement
  • Recent 3-month credit card transaction processing statement
  • Lease agreement or landowner’s contact details
Contact & Other Information

With Business Advance Funding, you can get an unsecured small business loan at better terms without putting your personal assets at risk; even when you lack an outstanding credit. Besides, they promote repayments that are tailored to individual business’s cash flow. TopBusinessLoanLenders suggests this as a great quality if you want the best non-bank alternative based on the strength of your business performance and revenue.

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