By the My MBA Career Content Team � Find Top MBA Degree Programs MBAs, entrepreneurs and other small businessmen and women who find themselves in need of fast cash have a new resource at their disposal.
Entrepreneurs who have failed to qualify for traditional small business loans can now visit a website that might offer them a cash advance of up to $600,000. Furthermore, they could be approved for it in as little as 24 hours.
"Unlike conventional business loans, our business cash advance offers your business a fast working capital which is based on your future credit card sales," said Daniel Drew, the owner of the website. "Based on your recent business history, you may qualify for a business cash advance up to $600,000."
Another reason Drew says his advances are unconventional is because they don't require collateral. The repayment schedules these agreements follow aren't traditional either, as they're built around the subsequent cashflow of the borrower's business, according to Drew.
If you've always wanted to run your own company, but don't know enough about business to start one, consider enrolling in an MBA program today. An MBA degree could provide you with the information you need to decide whether or not financing such as Drew's is right for your startup.