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A business loan can be hard to come by.
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AmeriMerchant provides credit card factoring services to all types of businesses. Furthermore, there are many advantages to choosing a business cash advance against your future credit card receivables over a business loan product.
Below is a comparison chart that will highlight the differences between business cash advance and business loans:
Unlike traditional business loan options, with our merchant cash advance you are not fixed to a repayment schedule. If you have a slow period we take a smaller payment; working with
the flow of your business. Additionally, unlike small business loans, our unsecured cash advance does not require collateral or a personal guarantee. We also do not require financials or tax returns. Our quick online business cash advance application is simple and takes only a few minutes.
Business loans require extensive paperwork and a lot of time.
Apply for a merchant cash advance now!
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AmeriMerchant Business Cash Advance
A very high approval rate on working capital cash advance requests
Approval on average of 24-72 hours once all paperwork is submitted
Funding typically available in 7 days or less
No fixed monthly payment to worry about. We take a % of your future credit card sales until we are paid back. We only get paid when you get paid by your customers. Therefore, if you have a slow month, your payback to us slows down.
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Business Loan / Restaurant Loan
Reject most small business loan or restaurant loan credit requests
Approval on average 1-4 weeks once all paperwork is submitted
Funding typically available in 4-8 weeks
Typically have a fixed monthly payment. Failure to make this payment can result in a default of a bank loan. Payments DO NOT slow down if you have a slow month.
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Note: AmeriMerchant offers a business cash advance and not a loan product.
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