Tag Archives: Loan Product

The merchant cash advance industry

The industry provides merchant cash advance capital for small and medium-sized businesses in need of financing for reasons such as the purchase of new equipment or inventory, expansion or renovation, the payment of debt or taxes, or emergency funding. The merchant cash advance industry has been growing rapidly in recent years, the credit crunch has led to companies not to exploit conventional sources such as banks and commercial finance companies.


The nature of the product merchant cash advance that requires business owners to have a positive need for this alternative financing. Then a merchant cash advance is not a loan product, the SBA (Small Business Administration) will cater to a similar MCA (Merchant Cash Advance) industry audience. A traditional product subscribed advance the average visa / master card volume over a period of four months. Unless a cyclical activity in the monthly average will even apply the latest processing twelve months. The guts of this product are factoring receivables future credit card. Generally, there are no personal guarantees or collateral. Because it is not a loan, there are no terms associated with the purchase agreement. The company is committed to effectively sell a portion of their future credit card swipes today for a discount. The agreements are usually structured in assumptions of repayment, usually estimated in a cycle of six to nine months of payments. Payoff is very simple. The merchant agrees to a small decline of their future credit card swipes. This process takes place until the principal is repaid.

Unsecured Personal Loans UK

If we apply secured loan, one thing we need to provide is property. Banks or lenders require us to give property as collateral. If in the future, we cannot fulfill or complete responsibilities, which are repaying the loan plus the interest, they will foreclose it. Our property is needed as security backup, just in case if we cannot repay the cash we lend. Even it offers low interest rates but how if we do not have property or do not want to bring it on risk?

There is an easy solution. If we are in financial trouble and need some cash but do not want to give property as collateral, we can apply another loan, which is unsecured personal loans uk. This loan product is the opposite of secured loan. Unsecured personal loan never asks us to give property as collateral. However, to replace it, we usually charged by the lenders with higher interest. But if we consider deeply, it is worth because anyway, we do not have to bring what we have at risk.

Unsecured personal loan takes a very fast process. Within hours after we fill and submit the application form, lenders will send the cash directly to our bank account, so we can cover the problem as soon as possible before it gets worst.