“Business Loans” vs. “Business Cash Advances”

Conventional Business Loan	Omni Capital Solutions Cash Advance
2-3 weeks Approval process	Approvals in less than 48 hours
High Credit Score Needed	Approvals DO NOT require Good Credit Scores
Application Fees	NONE
Hidden Closing Costs???	NONE
Prepayment Penalties	NONE
Complicated Application with Business Plan Required	Easy single page application and copies of last 3 months processing statements
Must be in business for 2-3 years	Businesses as young as 6 months acceptable
2-3 years detailed Financial Statements	Detailed Financials Not Required
2-3 years Audited Tax Returns	Tax Returns Not Required
A Loan uses ALL of your Business ASSETS for Collateral	Only your future Visa/MasterCard Sales
Loan Proceeds MUST be used per submitted Business Plan	Use your Advance ANY way you want
Fixed Monthly Payments	Payments flex with your credit card sales volume

Why a Cash Advance and not a Loan?
Typically, a bank will be happy to lend you money when you don’t need it but reluctant to lend when you and your business need it the most. A business bank loan requires a written loan proposal that is both time consuming and confusing to complete. If you have been in business for less than a year you probably won’t even get to the application process before being turned down. In approximately two to three weeks you will learn if you have been approved. Your personal and business credit scores, your current level of debt, current assets, past history will all be reviewed and rated. And after all of that, the decision to approve your application will be based not only on your credit worthiness, but whether the bank feels you will be using the money wisely. Expect your business assets to be used as collateral for the loan. Finally, when the loan paperwork is signed, your repayment plan is locked for a set amount and set time period.
Omni Capital Solutions, in cooperation with CashReady International, a financial service provider, offers businesses cash advances, not loans, for working capital. We pride ourselves in our fast, easy application and approval process. In fact, 90% of our applicants are approved within 48 hours. In most cases the cash is wired to your bank account within 7 days. To do this, we partner with our merchant services provider to make the whole procedure more effective and essentially seamless. What makes Omni Capital Solutions so unique is that the funding decision is based more on your company’s future credit card transactions then your credit score or past history.
Repayment is tied to only your credit card transactions. As your business goes, so goes your repayment, because there is no set repayment schedule. The entire process is handled electronically and is coordinated with the credit card processor. Your advance is repaid with no major impact upon your business. Best of all, use the funds in any manner you would like.