If you run a small business there will be times when you have need for emergency funding. If this is the case you may wish to explore a few different options. You could try borrowing money from friends or family if that is available to you or if you have a business credit card you can put money on that. However if both of these options are tapped out you may wish to get a cash advance. So what are some good reasons you should get a small business cash advance? Keep in mind; if your situation is not an immediate need, such as an emergency, you should carefully consider if an advance is the right solution. Often a business loan or venture capital may be a better option. Advances must be repaid typically within 6 months and as such are not appropriate for any sort of long term goals.

One of the reasons you should get a small business cash advance is if you have some sort of an emergency which is brought on by an unforeseen outside force such as a natural disaster. There is no way to plan for this and as such you may have sudden need for funding which you did not expect. This is a perfectly valid reason to get advance as damage from natural disasters and other such things can have a negative impact on the operation of your business. It is more costly to allow this to affect your daily operations then it will be to pay the interest for your advance. For this reason it is also a good idea to have enough funds available in petty cash for emergencies, failing that you should have a business credit card with credit available on it. These would both be cheaper options than a cash advance, but failing that getting and using an advance can be better than some alternatives.

Another of the reasons you should get a small business cash advance is if you have a business opportunity which your available cash, or available credit, cannot quite cover. This is especially true if this opportunity will allow you to have further business with this client in the future. Do not miss the forest through the trees and miss opportunities simply because you do not wish to pay high interest. There is a time and a place for everything including cash advances for your small business.