Business cash advance

Quick facts

Amount

From $5,000 to $900,000

Term

Between 3 months and 5 years

Cost

Typically 2-10% (depending on the product, lender and your business profile)

Speed

24 hours (longer for larger amounts)

Purpose of finance

To ease cash flow

Suitable for

To ease cash flow

A business cash advance is a type of lending that’s based on your future revenue. It comes in a few different forms, the most common of which is a merchant cash advance. You’ll also hear it referred to as a revenue loan, a revenue loan or revenue-based financing.

A business cash advance may be useful if you have a seasonal business, because it means you can align repayments to your trading peaks and troughs – you can pay back more when sales are higher and less when sales are lower.

It could also be a good option if you find you’re not eligible for a bank loan, but you don’t want to part with company equity. Business cash advances are more expensive than bank loans. Perhaps the most popular type of business cash advance is the merchant cash advance. You might also want to look at supplier finance (i.e. supply chain finance).

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Disclaimer: Swoop Finance Pty Ltd (ABN 52 644 513 333) helps Australian firms access business finance, working directly with firms and their trusted advisors. We are a credit broker and do not provide finance products ourselves. All finance and quotes are subject to status and income. Applicants must be aged 18 and over and terms and conditions apply. Guarantees and Indemnities may be required. Swoop Finance Pty Ltd can introduce applicants to a number of providers based on the applicants’ circumstances and creditworthiness, we may receive a commission or finder’s fee for effecting such introductions. Swoop Finance Pty Ltd does not provide any kind of advice and in giving you information about providers products, we are not making any suggestion or recommendation to you about a particular product. Offers of finance are subject to a separate assessment process by the provider and subject to their terms and conditions. If you feel you have a complaint, please read our complaints section which is contained within our terms and conditions.