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Expert Answers to Biz Questions Listen in! Pick up some expert advice to a reader's question that we selected from CyberSchmooz. The Biz Question Comparing and contrasting business cash advances - Get it right Answer from our Guest Expert Rick Murphy Payday loans are common when an individual employed with a firm wants to take out a cash advance. However, when it comes to business cash advances, these are not so commonly found. Before you take out a cash advance, you should compare payday loans in the different websites available online in UK. Most of the business cash advances provide unsecured loans almost up to hundred thousand pounds. Such business cash advances are generally sought after alternatives for traditional unsecured loans and  various financing options for small businesses. You can use a business payday loan instead of any unsecured business loans, business loans for enterprises with bad credit, small business loans and secured financing for business. Generally such business cash advances are given my payday lenders based on prediction of future sales. A business is greatly benefited if it receives cash in advance. The best part of such business payday loans is that the cash advance is provided quickly without undergoing any formalities and stringent requirements that most banks require you to oblige for taking out a business loan. Most of the times when you are taking out a business loan, you would have to keep something as collateral, boast an impressive credit history and also be an established player in the business for a sufficient span of time. An unsecured loan can be given to new businesses and small businesses which don't have stellar credit. For you to qualify for a business cash advance, you need to fulfill only minimal requirements. These are: Your business should have a registration certificate in the united kingdom. You have to give some proof of the gross monthly revenue You should have an established business You might want to know why you should choose a payday loan over unsecured business loans. Firstly, unlike what traditional small business loans demand of you, with most business cash advances, you are not tied down to a fixed repayment schedule. In case your business is sluggish, you can give smaller payments and then increase the amount when the flow of the business gains momentum. Along with this, you don't need to provide any security or personal guarantor which is a must for most small business loans. You are also not required to give tax returns or other financial documents apart from proof of revenue. Thus when you are applying online for such business cash advances, they take a very small time in processing the loan and you get the amount credited to your account quite fast. In fact, most business payday cash advances can sanction your loan within a day since it doesn't have to go through rigorous and extensive paperwork. When you are opting for a working capital loan, then you can get the amount credited to your account within a week! Thus you can see how such business cash advances are helpful. If you want different features you can always go online and compare the different business payday lenders available in UK and the terms they are offering. Accordingly you can choose what you want. Have a biz question of your own? 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