Being a cash advance provider gives me a unique perspective on how many business owners manage their business finances. It’s no secret that many of the people who come to me for a credit card advance do so because their business is in trouble. Times are hard. It is understandable why so many companies are doing poorly. However, there are times when I am approached by a business owner whose business is failing and I just have to scratch my head and wonder “What the hell are they thinking?”

One of the advantages of a credit card (or business loan) advance over a bank loan is that there are no restrictions on how the money is spent. I don’t assume I know more about your business than they do. However, this can be a double-edged sword.

A business loan can be quite expensive, so you better use that money wisely. I have seen people use their money to buy new cars, pay for vacations, even pay for their personal expenses. If he had known in advance that they were going to throw away his money like this; I would never have given it to him.

There are times when getting a business loan is a bad idea, even if you don’t throw the money away on personal items.

Here is a list of scenarios where getting a credit card advance may be the wrong option for your business;

1. Your business really needs the money, but you have no realistic means of paying it back.
2. You really don’t need the money that much. The purpose of the money does not justify the cost of obtaining the business loan.
3. Your credit is good, there is no immediate time constraint, and you can probably qualify for a bank loan.
4. The business loan will not expand your business or generate new income.
5. You plan to use the business cash advance for personal use, like a vacation or a new car.

This is not a complete list, but it does serve to illustrate why some businesses should consider not getting a business cash advance. Having said that; There are many reasons to consider getting a credit card advance for your business;

He tried to get a bank loan but was turned down.

You have less than perfect credit.

1. Fast approval and processing. Normally, the funds have been deposited into your account in less than 10 days.
2. These are unsecured loans. No collateral required.
3. Many times you can get more money from a business loan than you usually can from a traditional bank loan.
4. Unlike bank loans, there are no restrictions on how you spend your money.
5. Business loans offer flexible repayment terms – payment is based on sales volume, not a fixed rate. This alleviates some of the difficulties of repaying the business loan.

Every business is different. I’m sure you can see some of the benefits of a credit card advance. Use this link if you want more information on how to advance a credit card [http://www.credit-card-advance.com] it is a unique alternative to a traditional bank loan.