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Unsecured

Banks

Merchant Cash Advance

Eligibility

Annual Revenue:

  • Minimum annual level of income similar to a midrange consumer credit card $35k

Time in Business:

  • Varies depending on type of card offering. More focused on credit scores

Other:

  • Usually requires personal credit history for small business

Typical Range

Within pre-approved credit limit

Features

Payment Schedule:

  • 5 year term with 15 year amortization

Timeliness to Fund:

Origination & Interaction Model:

  • Apply in branch with a specialist. 24/7 phone support or usual in-branch working hours