Personal Cash Advance to Promote Business Cash Advances

PCA has announced that it is testing the market for online business cash advances to add to its line of lending products.

2011-04-06

WILMINGTON, DE, April 06, 2011 (Press-News.org) Personal Cash Advance, a leading provider of online cash loans for consumers, has reported that it is currently conducting market testing to explore the potential demand for online business cash advances. A cash advance for businesses and business owners would offer the same type of product presently available to consumers but tailored to the unique needs of the corporate world.

"Businesses are not immune to economic vicissitudes; they typically experience the same ebbs and flows in cash flow that individual consumers do. Small businesses, especially in difficult economic climates, often run short on cash and have already exhausted the credit available to them. When that happens, Personal Cash Advance may be a resource to fill in those temporary gaps if funds run short," said Neil Cutting, PCA spokesman.

PCA will perform market tests for the next few months to assess the level of demand among small businesses for cash-advance type products. If the tests indicate a sufficient demand for the loans, PCA plans to add the product to its site by the fall of 2011. Small businesses would go through the same simple online application consumers must complete in order to qualify for funds.

"Cash advances for corporate clients are a potentially lucrative market that we believe is underserved at the moment. Depending on the results of our test marketing, Personal Cash Advance could offer novel, useful solutions for small-business borrowers who are strapped for cash. Rather than having to jump through hoops to access a traditional business loan or a business credit card, corporate clients can simply log on to our site and have their funds within a few business days, if not sooner, explained Melissa Waters, the public relations representative for PCA.

Personal Cash Advance is a leading online resource for short-term financial solutions. For more information, please contact 1-800-920-7430 or visit http://www.personalcashadvance.com.

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