What it is
Not a loan. A purchase of future receipts. Collection often runs daily or weekly and moves with sales rather than sitting on a fixed monthly date.
Compare the total you pay back and how often money leaves the account. Do not compare it to a loan on rate alone. We do not publish rates.
Merchant cash advance
A purchase of future sales. Not a loan.
- Structure
- Sale of future receipts
- Payments
- Move with daily sales
- Cost
- Usually higher
Term loan
One amount with a schedule.
- Structure
- A loan
- Payments
- Fixed schedule
- Cost
- Usually lower
When it fits
Card-heavy or deposit-heavy revenue, a short need, and a file that a scheduled loan will not clear right now.
It does not fit a building, a machine you will keep for years, or a business where a daily pull would break the week.
What we need to start
Statements, and card processing statements if a large share of revenue is card volume.
What happens next
Submit one application. We package the file and send it to lenders that buy this kind of paper. Options appear in your account when they exist. Sometimes more than one, sometimes none. You compare terms there, pick an option if you want one, and still review that lender's agreement before you sign.