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MERCHANT CASH ADVANCE V/S BUSINESS LOAN : WHICH IS BETTER

If you fall in the range of small to medium-sized firm then there are two main kinds of financing sources that can really come handy, one is business loan and the other is merchant cash advance.<br><br>

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MERCHANT CASH ADVANCE V/S BUSINESS LOAN : WHICH IS BETTER

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  1. MERCHANT CASH ADVANCE V/S BUSINESS LOAN : WHICH IS BETTER

  2. What does a business loan mean? In case of a business loan, you get a fixed amount of money that you need to repay along with interest over a specific period.

  3. What does merchant cash advance mean? Available to business owners dealing via credit cards. It does not have a fixed interest rate and maturity date. Lender purchases a specific percentage of your business's potential credit card sales.

  4. Benefits of business loan It reduces the overall cost associated with the loan. It comes with a fixed interest rate. You can easily foreclose it. Loan terms and conditions are predefined. You can use the funds for multiple business purposes.

  5. Benefits of taking a merchant cash advance It does not require any collateral. The lender sanctions the amount in advance. Thus, it is easily accessible. The repayment amount will be larger if the sales are higher and vice versa.

  6. When to take a business loan? If you have strong credibility. If your business requires a large amount of funds. It is suitable for those who want predefined loan terms.

  7. When to take merchant cash advance? Ideal for seasonal businesses that earn revenue during a specific season. If you have a strong sales history but a poor credit report. If you are running your business online.

  8. Evaluate both funding options and select one based on the above-mentioned parameters.

  9. Thank You ! Would Love to hear from you. Hero Fincorp Limited 09, Basant Lok, Vasant Vihar, New Delhi - 110057 Tel : 18001024145 Email : corporate@herofincorp.com Website : https://www.herofincorp.com/ Know More : MERCHANT CASH ADVANCE V/S BUSINESS LOAN : WHICH IS BETTER

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