The merchant cash advance makes it possible for small business owners to take care of daily operating expenses or to develop and expand their businesses.

There is a lot of effort and preparation that goes into getting other methods of business financing, such as traditional bank loans. Sometimes, the preparation process can be so tedious that it can cause a small business owner to give up completely, leaving him/her with inadequate business funds.

Fortunately, preparing for a merchant cash advance is very simple. The only documentation that you need when applying for a merchant cash advance is 1) the last four months of your business's merchant statements 2) a copy of your business's lease 3) a voided business check.

There is no need to prepare business plans or search for personal financial statements from years past. By providing the minimal aforementioned documents, you can have a merchant cash advance in your hands in less than two weeks.

Using a merchant cash advance is the easiest part. Most people don't have any problems spending money, especially when there isn't anyone dictating how they can or cannot spend the money. Unfortunately, banks often impose various restrictions on how borrowers can use loans, but there are no restrictions on how you can use a merchant cash advance.

Whether you want to use your merchant cash advance for working capital, to repair equipment, to expand, or for any other business endeavor, all you need to do is meet the minimal requirements and the decision is up to you.

Repaying a merchant cash advance is not like repaying a bank loan. You don't have to make monthly payments and the amount that you pay is not fixed. In fact, a small percentage of your business's credit card sales is automatically deducted, to repay your merchant cash advance. For example, if your holdback percentage is 15%, when your business processes a $100 credit card sale, $15 goes toward repaying your merchant cash advance and the other $85 goes to you.