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

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

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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.

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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.

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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.

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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.

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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.

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Evaluate both funding options and select one
based on the above-mentioned parameters.
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Thank You !
Would Love to hear from you.
Hero Fincorp Limited
09, Basant Lok, Vasant Vihar, New Delhi -
110057
Tel [phone]
Email corporate_at_herofincorp.com
Website https//www.herofincorp.com/
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