Business Advance
What is Business Advance?
A Business Advance is a type of financing where you receive a lump sum of cash amount in exchange for a percentage of your future sales. This form of funding is particularly useful for businesses that need instant loan without the lengthy approval process. The repayments can be made using a small percentage of your daily credit card or debit card sales, making it suitable according to daily cash flow.
BUSINESS ADVANCE IN NEW JERSEY
Welcome to Desi Lending; the premier online gateway to quick and convenient business financing. W offer Business Advance in New Jersey, a lump-sum payment which you can use to run your business, expand or make purchases. We offer fast approval and repayment based on your daily sales, making them an ideal solution for businesses with fluctuating revenue.
Fast Approval
It can be approved very fast, in most cases, within 24-48 hours.
Flexible Repayment
Pay through a daily percentage of the sales so payments adjust with your revenue.
No Fixed Term
Repayment is made with a flexible cycle, and it goes on without strict due date to meet, until such an advance is repaid fully.
No Collateral Required
Unlike traditional loans, business advances typically do not require collateral.
What Benefits We Offer?
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Quick Access to Funds: Get the amount of cash you require as soon as possible to take advantage of opportunities or manage emergencies.
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Flexible Repayment: Pay back, depending on the volumes of sales, ensuring manageable paying even during a low season.
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Easy Qualification: Approval is based on your business’s sales performance rather than your credit score, making it accessible to more businesses.
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Boost Growth: Spend the money on advertising, stock, tools, or any other things that may help in the expansion of the business.
Common Use of the Business Advance
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Inventory Purchase: Stock up on inventory to meet demand without straining your cash flow.
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Equipment Upgrades: Upgrade your machinery to better facilitate your business to become more efficient.
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Marketing Campaigns: Advertising efforts that would help in securing a loyal pool of customers and product demand.
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Seasonal Expenses: Manage seasonal fluctuations in revenue by ensuring you have the cash to cover expenses.
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Emergency Repairs: Take care of any required repairs or maintenance even if these are required to avoid any interruption of your business.
How to Apply For Business Advance in NJ?
Apply for business advance easily with the below steps.
Assess Your Needs
Identify the amount of funds required and the purpose for the funds acquired.
Prepare Documentation
Produce documents like bank statements, sales records, as well as any related information.
Submit Application
Our team will consider your application, usually, the decision will be given within 24-48 hours.
Get Approved
Our team will consider your application, usually, the decision will be given within 24-48 hours.
Receive Funds
After approval of funds, you get the money within a few days.
Repay Through Sales
Start doing repayment by a small percentage of the day’s sale turnover.
Why Choose Desi Lending?
At Desi Lending, our goal is to provide you with exactly what you need to get your business up and running or to take it to the next level. Here’s why you should choose us:
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Quick and Easy Process: Enjoy a simple application process with fast approvals.
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Flexible Funding Options: Obtain funds, which correlate with your business’s income and cash flow.
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Dedicated Support: Deal with our experienced staff that knows your requirements and assists you.
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Transparent Terms: Benefit from clear and straightforward terms with no hidden fees.
We are Trusted and Loved by Our Customers
Our customers trust our lending firm in New Jersey for our steadfast services to providing financial solutions, exceptional service and delivering on promises with transparency and honesty.
Frequently Asked Questions
A Business Advance is a kind of financing where you are offered a certain amount of cash at once for a percentage of your future sales.. That is why this funding model is quite valuable to obtain a quick cash flow without the long approval time of a credit-based loan.
Repayment is made according to the agreed percentage of the daily sales and this can change as per your turnover. This means credit repletion is only possible when business is good and therefore repayment is not a headache.
Approval takes a short time, ranging from 1 to 2 days. You can usually get the funds within a few days after the loan is approved, enabling the borrower to gain access to the necessary capital for business instantly.
No, Business Advances typically do not require collateral. As with approvals, the focus is on the business’s performance in terms of its ability to make sales as compared to credit scores or assets.
A Business Advance can be used for the purchase of the stock, equipment, or for advertising, for the coverage of expenses during the off-season, for sudden repair works, and so on. This flexibility allows you to use the funds in ways that best support your business growth and operations.