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Founded: 2013

Location: 1506 Kings HWY Brooklyn, NY 11229

Website: www.bfadvance.com

Our Review:

Overview: Business Finance Advance provides merchant loans, business loans, and merchant cash advances to small businesses in need of capital. Interest rates begin at 12.99% and there are flexible payment plans. Business Finance Advance deals with merchant loans, business loans, equipment loans, working capital, business cash advances, business line of credit, and credit card receivable loans.

Loan/Cash Advance Amount Up To $2.5 Million
Minimum monthly revenue $4,000 in credit card sales every month
Time in business NONE
Minimum credit score NONE
Repayment terms No fixed payments

Key Features:

  • Online Application
  • Funder contacts applicant within 48 hours of receiving documentation
  • Involves completing paperwork
  • On site inspections are a possibility prior to approval
  • After confirmation on cash advance, funds are wired to the business checking account
  • Entire process estimated to take 8 days
  • High approval rates
  • Flexible repayment plans available
  • Responsive customer service

Consider if:

  • Prefer no fixed payments
  • Willing to accept more expensive rates in turn for convenience

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