Business Cash Advance vs Bank Loans
Business Cash Advance
A fast and flexible way to raise funds for your business
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 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
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
