A Merchant Cash Advance (MCA) and a business loan are two different types of financing options for small businesses. It is not a traditional loan but rather an advance on the future sales or credit card receivables of a business. The main benefit of an MCA is that it’s typically easier to qualify for than a traditional business loan. MCA funding is usually approved much faster and with less paperwork required by banks. A Merchant Cash Advance also has a faster funding process than business loans. Once your MCA application has complete, you could receive funds wired directly to your bank account in as little as 24 hours.
A traditional business loan typically has a fixed repayment schedule and a lower interest rate than an MCA. The main benefit of a business loan is that it can provide a larger sum of money than an MCA and can also be used for a wider range of expenses, but does typically require collateral, and extensive documentation to obtain.
Our clients rely on us to deliver creative capital solutions to help fuel the growth and expansion of businesses across the United States. We use cutting-edge technology to streamline our underwriting and funding process to help support the ever-changing financing needs of business owners. Speak to one of our advisors today and find out how we can help move your business forward.
