How does a merchant cash advance differ from a bank loan?
To obtain a bank loan in todays credit environment you will have to pass stringent requirements to be approved. It is estimated that only 10% of business customers who apply for bank financing are approved. Also, to get approved you’ll be subjected to a lengthy, and sometimes tedious, process of producing financial items such as tax returns, personal financial statements, etc, etc,. With a merchant cash advance there is a simple application process.
