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We live in a society that demands all things get customized specifically to an individual’s needs, and that can include cash advances. When you go to get an online cash advance, you’ll have a pick of numerous online companies. Then, you will also have to figure out what type of cash advance do you need? Do you want a personal payday loan, or are you a business owner looking for merchant funding? Who you are and what you need, determines the company you choose and the type of loan you get.

For Small Individual Needs

Maybe you’re just short a few couple hundred dollars until your next paycheck. An individual payday loan will give you the option to get that cash when you need it most, instead of waiting for the next paycheck deposit. If you’re a new payday borrower, you can get some nice deals, making your first payday loan application free. Otherwise, you’ll be looking at $30 just to apply, in some cases. You can choose from as little as $100 to $300 for new payday borrowers. For returning customers, they have the option to take out larger loans up to $600.

For Business Owners

If you’re a business owner and this is a steady cash flow problem, or a seasonal fluctuation in business that keeps your cash flow unbalanced, you can consider a merchant loan. Based on the amount of your credit card receivables, your loan will be set up to be manageable and provide you with cash when you need it. You will repay the loan by giving a portion of each future credit card receipt back to the lender. This is an excellent way to pay only the amount you can afford, when business is slow, and more when business picks. You’ll also have the advantage of having some emergency cash to keep your business operating, or use for an expansion or upgrade of services.

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