MCA vs Business Loans

A Merchant Cash Advance is an alternative to Small Business Loan. Merchant Cash Advance offers flexible options to suit your business.

A small business loan can be a great tool to help build your business but can be detrimental if you have a slower month. With a small merchant loan, you are still required to make the payments regardless of your sales for the term.

Additionally, you can be stuck paying interest for years as it will continuously compound the principal amount. Besides, traditional lenders cannot approve over 50% of Canadian & American businesses.

Newera Funding: Merchant Cash Advance

Higher than 97% approval rate

Does not register on your credit file (both personal and commercial)

Takes 4-6 hours for approval

Merchant Cash Advance does not require any type of credit

You must be in business for 90 days

NO fees or interest charges (other than a one-time Cost of Capital)

Flexible payments (to work with your business and not hurt your cash flow)

Small Business Loans

Less than 50% approval rate

Registers to your credit score

Takes 4-6 weeks for approval

Requires good credit

Must be in business for at least 2 years

Fees + accruing interest

Fixed payments regardless of business performance

Speak to a specialist today!

Speak to one of our trained specialists to better understand what options we have for your business.