Business Loans are those loans that are for commercial use and any property and/or proceeds from the proposed request will be used by the requestor for commercial purpose only and not for any personal, family or household purposes, and that the proposed request would constitute a business loan which is exempted from the disclosure requirements of the Truth in Lending Act.
In Advance Capital directly issues Merchant Cash Advances, and Revenue Based Funding in all U.S. states except California. A Merchant Cash Advance or MCA is not a loan but is the purchase of future credit and/or debit card receipts of the applicant’s business. Terms are generally shorter than traditional loans, as MCAs are typically paid back within 2 years and In Advance Capital does not require collateral for any of the funding programs for which we offer. Traditional bank and SBA loans generally are known for collateral requirements.
There is no one-size fits all business funding program. Rather there are several types that will likely be offered and or discussed with you upon completing your request. All reasonable efforts are made to provide and maintain accurate information. All rates, fees, and terms are presented without guarantee and are subject to change pursuant to each In Advance’s discretion. There is no guarantee your business will be approved for funding. In Advance Capital’s terms and conditions will apply and all products may not be available in all states. Ask your In Advance Capital Funding Specialist for details.
There is no cost to pre-qualify or submit a funding quote request or to speak with an In Advance Capital Funding Specialist.
As a Direct Funder, In Advance Capital bases lending fees vary depending on certain factors such as, but not limited to: industry, time in business, personal credit rating, and overall financial health of the business applying.
In Advance Capital Advertisement Disclosure (last updated November 15, 2017):
In Advance Capital directly issues Merchant Cash Advances, and Revenue Based Funding in all U.S. states except California. A Merchant Cash Advance or MCA is not a loan but is the purchase of future credit and/or debit card receipts of the applicant’s business. A Revenue Based Funding or RBF is not a loan but is the purchase of revenue from sales of the applicant’s business. MCAs and RBFs are not available in all states and are subject to certain eligibility requirements and approval. Pre-Qualification is not a guarantee of approval, but rather the minimum qualification criteria. The cost varies depending on certain factors such as, but not limited to: industry and time in business. Payment frequency and terms vary by transaction and product type. Approval and Funding time-frames vary by the funding company and by transaction type, product type and other criteria.
Advertised Terms and Information
The information and disclosures above relate to advertised terms made by or through In Advance Capital