Side by side
The short answer: If you clear 3 years in business and a 650 credit score, the term loan is cheaper and the weekly payment is easier to live with. If you do not, an advance is the product that will actually fund, and the honest move is to refinance out of it later.
The daily debit is the part people underestimate
A merchant cash advance takes money every single morning. You never see a full day of deposits, which makes payroll weeks and slow Mondays harder than the headline cost suggests.
A weekly payment on a term loan leaves the rest of the week intact. For most operators that difference matters more than a point or two of cost — and it is the most common reason people refinance out of an advance.
Already on daily debits? See how a refinance into weekly payments works →
When the advance is genuinely the right call
Under 3 years in business. Credit in the 500s or low 600s. An existing position already on the books. A deal that has to close this week. Those are real situations and a term loan will not solve them.
The mistake is staying in an advance after the business has outgrown it. Once you clear the thresholds, refinancing into weekly payments is usually the single biggest cash-flow improvement available — and if you can clear the balance inside 30, 60 or 90 days, our early payoff discounts make that cheaper still.
How it works
1. Apply in minutes
A short application. No impact to your credit score to see what you qualify for.
2. Same-day decision
We review revenue, time in business and bank activity — not just a credit score.
3. Review your terms
You see the amount, the term and the total cost before you sign anything.
4. Funded next business day
Money in your account, typically the next business day after signing.
Common questions
Is a merchant cash advance a loan?
No. It is the purchase of a portion of future receivables, which is why it is priced with a factor rate rather than interest.
Which is cheaper?
A term loan, if you qualify. It carries 0% origination and halves remaining interest on a full early payoff.
Can I get a term loan if I already have an advance?
Not directly — a term loan is first position only. Look at a line of credit, which can sit second, or at a buyout.
How fast is each?
Both carry a same-day decision and next-business-day funding.
What credit score do I need?
650 for the term loan. Revenue-based funding starts at 600.