What it is
On an advance, compare the amount you receive with the purchased amount you must deliver. On a loan, compare the payment, the term, and the fees. A factor rate is not an APR.
What's typically needed
- Latest three months of business bank statements
- Time in business
- A government-issued photo ID
- The two options you are actually comparing
Start application
Applying has no impact to your credit. Submitting this form does not pull a credit report.
Related: Merchant cash advance · Term loan