Merchant cash advance
Merchant Cash Advance
An advance against future revenue, repaid as a share of what comes in. The dearest money here.
- Amount
- $5,000 – $500,000
- Term
- Daily or weekly ACH
- Cost
- 1.10 – 1.35 factor
- Funded in
- 24–48 hours
Merchant cash advance
How a merchant cash advance works
An advance is not a loan. It buys a share of a business's future revenue at a discount and collects as that revenue arrives, so a strong week repays more and a quiet week repays less. For a business whose months are not the same size, that is the point of it.
It is decided on takings rather than on a credit file, which is why it approves where the others decline. It is priced as a factor and not as interest, and clearing it early does not reduce what is owed.
What it gives you
Why a business picks this one
- Repayment rises and falls with revenue
- Decided on takings, not credit score
- No fixed monthly payment
- Both ends of the factor published
The application
Apply
About two minutes, no fee, no obligation, and no mark on the owner's credit score for asking.
Rather talk to somebody first? (844) 358-6249.
The six, level
Its row, against the other five
| Program | Amount | Term | Starts at | Funded in |
|---|---|---|---|---|
| Line of Credit | Up to $1,000,000 | 6 months – 3 years | From 4.5% | 1–2 days |
| Working Capital Loan | Up to $1,000,000 | Daily or weekly ACH | From 4.5% | 1–2 days |
| Term Loan | $10,000 – $1,000,000 | Up to 24 months | From 6% | 1–2 days |
| Short-Term Business Loan | $10,000 – $1,000,000 | Up to 24 months | From 6% | 1–2 days |
| Equipment Financing | Up to $250,000 | 1 – 5 years | From 8% | Monthly repayment |
| Merchant Cash Advance | $5,000 – $500,000 | Daily or weekly ACH | 1.10 – 1.35 factor | 24–48 hours |
The term loan and the short-term loan are published with the same amount, the same term, the same starting rate and the same speed. On these figures they are one product under two names. The difference between them is normally how long you are repaying — a term loan runs longer — so if you are choosing between the two, ask what term each is actually being offered at before you sign either.
The cash advance is priced as a factor rather than as interest, and the two do not compare. A factor of 1.10 on $100,000 is $110,000 to repay whether it clears in six months or eighteen; paying it off early does not make it cheaper. Interest does fall when the balance does. This site is the only one in its network that publishes the top of its factor range as well as the bottom.