Now that you’ve decided to start your own company, you’ll need to go into planning mode. Even after you know the products and services you want to provide, you’ll need to figure out where you’ll do business and how you’ll pay for the equipment and marketing tools that are necessary to help you establish and maintain a client base. Knowing where to get a business loan is also important since you’ll also need to know how to keep consistent cash flow so that you can handle your obligations, as well as any emergencies that may come up.

There are a number of places to get a business loan, so it’s important to know your options before you make the final decision.

One of the best options to consider when you need to know where to get a business loan is a merchant cash advance. This financial choice is best if you don’t want your personal or business credit to be considered for approval. You’ll also be able to repay the cash advance with your credit card sales, so you can avoid having to put money aside to pay the cash advance back while taking away from necessary business expenses. Since a small percentage of your credit and debit card sales will be used for repayment on a daily basis until your balance is paid off, it will be easier for you to organize your business funds while staying out of debt. Bank account withholding is also a repayment method that you may want to think about. You can arrange for the repayment to come from your bank account until your balance is paid off. Keep in mind that the interest rate for your merchant cash advance may be high, but you don’t need any collateral and you don’t have to submit a down payment for approval. In many cases, you’ll be able to get the loan approved in just one business day.

There are also a few other choices to think about when you’re thinking about where to get a business loan. You can contact the Small Business Association in your area for a list of lenders that offer loans in the amounts you need. It’s important to keep in mind that while you may get approved or pre-approved for these loans, you’ll have to put some of your most valuable supplies or assets up for collateral. Your credit score is also a huge factor for these types of loans, and you’ll still be obligated to repay any outstanding balance on the loan, even if your company goes out of business. You may also want to consider angel investors. You’ll have to give up a small percentage of company ownership, but your credit is not usually used to determine approval, and you’ll likely have the help of someone who is financially savvy guiding you through the initial phases of your business.

For more information on the benefits of the merchant cash advance for your company, speak to your financial advisor to find the cash advance option that is best for your business.