Cash advances are sometimes exactly what a small business needs to jumpstart profits. If you use a company like Five Point Capital, the cash advance is based on future sales from credit and debit cards, so we don’t get paid until you get paid! When you take out y cash advance, you and our Five Point Capital representative will decide on a fixed percentage that will be taken out of your daily credit or debit sales on a regular basis, until you pay off the cash advance. The percentage process means that you are paying what you are able to pay off at that time, rather than an arbitrary monthly payment that may be difficult to pay off. Once we begin the cash advance process, you can have the money you need in as little as five days. The best part about the cash advance is that there is no early payment penalty, so if you can be in the clear and not worry about it.
The Five Point Capital cash advance program makes it easy for business owners to get the money they need to run efficiently. The retrieval of the percentage of income takes place automatically every day, according to that percentage. You don’t have to constantly crunch numbers. The cash advance won’t be looming over your head. It basically takes care of itself, and your business reaps all the benefits. In addition, the company will send you a monthly statement, so you still have a way to keep track of your records.
The cash advance can be used on anything to further your business - whether it is hiring more personnel, buying a new oven, purchasing new software, moving to a new office, or in the case of an emergency. These things take capital, and it’s great to know that with Five Point Capital’s cash advance program, you have a resource to turn to.