Term Loan
A lump sum repaid over a set period, at a rate that does not move.
- Amount
- $10,000 – $1,000,000
- Cost
- From 6%
The six programmes
Merchant Cash Advance
A sum against future card sales, repaid as a share of them.
- Amount
- $5,000 – $500,000
- Term
- Repayment follows revenue
- Cost
- Not published
- Funded in
- Same day
Merchant cash advance
How it works, and where it fits badly
A merchant cash advance is a lump sum today in exchange for a small percentage of daily card sales until it is repaid. There is no fixed monthly invoice: a quiet week costs less and a busy one costs more.
Approval leans on the card volume rather than on the credit file, which makes it the most accessible programme here and the most expensive. It suits high-volume retail and hospitality, and it suits a business with steady card takings better than one paid by invoice.
What it gives you
Why an owner takes this one
- Approved on revenue rather than on credit score
- No fixed monthly payment to meet
- Repayment rises and falls with the takings
- Funded the same day it is accepted
Apply
One application. 50+ lenders. Fifteen minutes.
About fifteen minutes. One application reaches 50+ lenders, costs nothing, commits nothing and leaves no mark on the owner's credit score.
Rather talk to somebody first? (844) 311-3511.
The six programmes
Where it sits among the six
Line of Credit
A revolving limit you draw against, repay, and draw against again.
- Amount
- Up to $1,000,000
- Cost
- From 4.5%
Short-Term Business Loan
Fast capital with a clear payoff date, measured in months rather than years.
- Amount
- $5,000 – $500,000
- Cost
- Weekly or daily payments
Working Capital Loan
Liquidity for payroll, rent, stock and the weeks that do not line up.
- Amount
- $10,000 – $500,000
- Cost
- Not published
Equipment Financing
The largest and the longest: up to $5M, over as much as seven years.
- Amount
- Up to $5,000,000
- Cost
- Up to 100% financed
Merchant Cash Advance
A sum against future card sales, repaid as a share of them.
- Amount
- $5,000 – $500,000
- Cost
- Not published
The merchant cash advance is not priced like the other five. It is bought at a discount on future sales rather than lent at a rate, which means settling it early does not make it cheaper — the amount repayable is fixed at the start. Any comparison that puts it beside an interest rate is comparing two different things, and the figure to ask for is the total repayable in dollars.