Infographic: Merchant Cash AdvancesPublished on 26th November 2015 2015-11-26T09:39:29+00:00 - Last update on 17th December 2019 2019-12-17T22:27:58+00:00
In our newest infographic, we’ll be explaining a source of business finance that’s not a loan: the Merchant Cash Advance.
- Merchant cash advances aren’t loans – they’re advances made on a business’s future credit card payments.
- Cash advances allow a business to access money quickly, so they’re useful if a business urgently needs money.
- They’re easier to qualify for than traditional bank loans, so a business that can’t get a bank loan could consider a cash advance instead.
- Because no collateral is required, though, fees with cash advances are typically higher than with traditional bank loans.
Rangewell has extensive knowledge of the SME financing field. We’ve independently mapped the business finance market of thousasnds of products from over 300 lenders, so we can offer SMEs and professional advisors access to multiple sources of asset refinancing, as well as a wide range of other funding options. If you need business finance, Rangewell can connect you with the best sources. Click here to find out more.
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