Business Loans and Advances
Has your business been denied a loan from the bank? MBPS can help through its business loan and merchant cash advance programs.
Business Loans
Offer the predictability of a fixed repayment structure. Financing is based on the business’s annual gross sales and cash flow.
Good to Know
- Revenue of business is relatively stable
- Annual gross sales exceed $100,000
- Time in business is at least 9 months
Features
- Set maturity date
- Small daily deduction from your business bank account (Monday-Friday)
- Term loans available 4-18 months
Benefits
- Non-asset-based (non ABL product)
- Same day pre-approval process
- Funding as fast as 24 hours after approval
- Higher approval rates than traditional banks
Business Advances
Business Advances are not loans. Instead they are the sale and purchase of future credit and debit card (Visa, Mastercard, Discover & AMEX) receipts from a business. Repayments are based on a fixed percentage of these receipts. It’s a cash flow friendly approach to small business financing.
Good to Know
- Business receives a portion of their annual gross sales through credit card payments for good and services
- Revenue may be seasonal, cyclical or variable month to month
- Annual gross sales exceed $100,000
- Time in business is at least 9 months
Features
- There is no set maturity date or fixed daily payments. We get repaid as you get paid
- Small fixed daily % of card sales withheld until the balance of the purchased receipts are satisfied
Benefits
- Non-asset-based (non ABL product)
- No switch in credit card processing required
- Same day pre-approval process
- Funding as fast as 24 hours after approval
- Higher approval rates than traditional banks
Request A Quote
Discover how much you'll save with an estimate from one of our Payment Consultants.
