Cost
Term loans typically range about 8%–45% APR. MCAs are priced with factor rates around 1.10–1.50, which often translate to effective APRs from 40% to over 150% due to short terms.
Approval
Lenders focus on credit and financial statements. MCA providers focus on bank deposits and card sales.
Repayment
Loans: fixed monthly or weekly payments. MCAs: daily or weekly debits or a percentage of sales.
Frequently asked questions
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