Feb
11
2010

The Small Business Loan Alternative

An article by admin

The merchant cash advance is called the small business loan alternative because it offers another option to small business owners who do not qualify for traditional business loans offered by banks and those who simply choose not to go the bank route.

Use the following chart to gain a better understanding of the key differences and similarities between the merchant cash advance and the traditional bank loan.

CHARACTERISTICS	MERCHANT CASH ADVANCE	TRADITIONAL BANK LOAN
Two Week Process	Yes	No
Inexpensive	No	Yes
Suitable for Non-Merchants	No	Yes
Unsecured	Yes	No
Less-Than-Perfect Credit Ok	Yes	No
Flexible Repayments	Yes	No
Easy Renewals	Yes	No
Up to $500,000 in funds	Yes	Yes
No Restrictions	Yes	No
Suitable Method of Business Financing	Yes	Yes
Minimal Requirements	Yes	No