Cash advance is a loan taken out against the balance on a credit card. Usually the limit of the cash advance is a percentage of the total available balance on the card. Most banks allow users to access the cash at ATM machines using their credit cards. It is important not to exceed the limit of the cash advance since the penalties would be similar to a regular credit card purchase that is over the limit.
Today, credit and debit cards have nearly replace cash but some vendors still require immediate cash payment upon purchase. Using a personal loan to pay for something so small could be quite expensive and debit cards are useless if there is not enough money in the account at that moment to cover the purchase. This would be a case where a cash advance would be a smarter option. It is also a good idea to only use a cash advance in emergency situations as the interest rate can be very high.
We have over 4000 sources of funding in our directory including sources for cash advances. If you are in need of a business cash advance, simply run a capital search on out web site. All you have to do is fill out a few forms telling us about your business and you needs for funding, then we will match you with lenders based on their lending criteria. We will only match you with lenders if you match their criteria 100% so you will not have to worry about wasting your time talking to lenders you cannot qualify with. Run your capital search today to get your list of matched lenders.