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Merchant cash advance is linked to monthly revenue from credit card sales. So, depending on your business and credit card sales, you will get an amount as per the terms and conditions. Different businesses will have different sales and other profile details. Hence, the advance amount will vary from business to business.

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The biggest difference between installment loans and payday loans/cash advances is the duration. Payday loans and cash advances tend to be short term loans which are generally due within a few weeks, by your next payday. The amounts for such loans are also smaller. Installment loan amounts tend to be larger and the repayment takes … Continue reading “What is the difference between an installment loan and a payday loan?”

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