Which Loan Type Suits You Best?
Generally, Merchant Advances are favoured by business that have pronounced seasonal variations in revenues. but they require debit and credit sales. Business Loans are favoured by businesses less affected by seasonable ups and downs. But there are other differences to consider. Refer to the comparison chart below for the major difference between the two funding programs.
|Merchant Advance||Business Loan||Line Of Credit||Equipment Leasing|
|Set Maturity Date|
|Amount Available||$5,000 - $500,000||$10,000 - $500,000||$5,000 - $100,000||$5,000 - $250,000|
|Ideal Industries||Storefront, B2C Businesses, Retail, Spa, Resturant, Auto||All Industries||All Industries||Transportation, Industrial, Restaurant (among others)|
|Get A Merchant Advance||Get A Business Loan||Get A Line Of Credit||Lease Equipment|