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Business Advance VS Bank Loan

Business Cash Advance vs Bank Loans

access-business-card-1308747

Business Cash Advance

A fast and flexible way to raise funds for your business

bank-bankbook-banking-1020313

Bank Loans

Bank Loan requirements for funding are often onerous 

One clear, all-inclusive fee for duration of the merchant cash advance. No admin charges. No interest. No late fees.

Interest charged according to length of time loan is outstanding. Admin charges and late fees apply.

No Fixed term. Flexible repayment period depending on your sales (typically the advances are repaid in 5 to 10 months).

Fixed repayment period

Flexible repayment amount depending on your business performance (you repay a small % of your card sales)

Fixed repayments irrespective of underlying business performance

No security required

In most cases security is required

No Business plan required

Business plan always required

Approval Within 48 hours

Approval normally takes several weeks

Funding is made within a couple of days

Funding usually takes several weeks

bank-bankbook-banking-1020313

Bank Loans

Bank Loan requirements for funding are often onerous 

Interest charged according to length of time loan is outstanding. Admin charges and late fees payable.

Fixed repayment period

Fixed repayments irrespective of underlying business performance

In most cases security is required

Business plan always required

Approval normally takes several weeks

Funding usually takes several weeks

access-business-card-1308747

Business Cash Advance

A fast and flexible way to raise funds for your business

One clear, all-inclusive fee for duration of the merchant cash advance. No admin charges. No interest. No late fees.

No Fixed term. Flexible repayment period depending on your sales (typically the advances are repaid in 5 to 10 months).

Flexible repayment amount depending on your business performance (you repay a % of your card sales)

No security required

No Business plan required

Approval Within 48 hours

Funding is made within a couple of days