A merchant loan is for businesses with constant card transactions, like retail stores or restaurants, who can receive an upfront business cash advance based on its projected card transactions to encourage growth, invest in stock or bridge cash flow issues.

The merchant cash advance loan is a flexible agreement with repayment percentages based entirely on the card transactions. It works with you, where on large transaction amounts you repay more and on smaller, you repay less.

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How Merchant Loans Work?

  • Lender evaluates card transaction history, this is to work out how much you would be eligible for.
  • Working with the lender, you will agree to a set percentage of each card transaction as repayment to your merchant loan plus a fee.
  • If approved, the Lender will then pay out the business cash advance

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Benefits to a Merchant Cash Advanced Loan

  • Flexibility:
    Repayments based on your daily card transactions, this loan works with you, even when sales are slow.
  • Not dependent on credit score:
    Merchant loans may not require as extensive checks on your business or personal credit.
  • Accessibility:
    New businesses, old business and business between can apply and access funding through a merchant cash advance.
  • Fast Funding:
    Business cash advances are typically approved and funded faster than typical loans, meaning you can get support in tight times.

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