The time it takes to receive funding can vary depending on the lender and the specifics of each application, but generally, funds from a business cash advance can be available quite quickly. Many providers aim to deliver funds within 24 to 48 hours after an application has been approved.

Typically, receiving a funding advance does not directly impact your credit score because providers usually do not require a hard credit check that would appear on your credit report.

The cost of a cash advance is based on a special rate called a 'factor rate,' which typically ranges from 1.18 to 1.55. This rate isn’t like a regular loan's interest rate. Instead, it multiplies your advance amount to figure out your total repayment.

For example, if your business gets $30,000, you might end up paying back anywhere from $35,400 to $46,500.

The rate you get can vary based on how well your business is doing. Also, some cash advances might include an extra charge called an 'origination fee,' which can be from 0-5% of the advance amount.