From time to time every business needs some extra cash flow, whether you need it to fund a new project or planned expansion.
And if you already accept credit cards, it may be easier to get the funding you need by using a merchant cash advance.
So how do cash advances differ from bank loans?
Let’s take a look at how you can distinguish between the two to help you determine which one is right for your business.
Cash Advance vs. Bank Loan
The chart below outlines 10 key points of differentiation between a business cash advance and a traditional business loan.
Merchant Cash Advance
Is a cash advance right for you?
Only you can decide.
The important thing to consider is that with a cash advance you have repayment options and flexibility, since the amount you repay is based on your future credit card sales.
To explore your funding options, the next step is…
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