Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Loans, Cash Advances and Factoring - The Differences

Get a no obligation quote!

Borrow between £2,500 and £300,000 and choose to spread the cost of your loan over 4 - 18 Months with easy to manage instalments.
91% APR Representative

Loans, Cash Advances and Factoring - The Differences

There are plenty of options out there for a business in need of some financial help, from loans to business cash advances to factoring. The problem is that they all appear to be similar in what they offer and the requirements they have; so much so, that it can become quite confusing when trying to discern between them.

Get Approved
91% APR Representative

In order to clarify things a bit, you might want to start with what is a business cash advance, and then look into a business cash advance: how does it differ from a bank loan. For now, we're going to discuss the difference between loans, advances and factoring.

How Are Loans, Cash Advances, And Factoring Similar?

Let’s start with what the three options have in common: they are all financing types for businesses. Each and every one of these options can be suitable for a business’ financial needs, depending on their specific circumstances and interests. The amounts they offer are similar, although certain options will extend larger loans than others, depending on your circumstances.

Loans – How They Differ From Cash Advances And Factoring

Cash Advances – How They Differ From Loans And Factoring

Factoring – How It Differs From Loans And Cash Advances

All in all, each of the three options brings something different to the table and is, thus, suitable for different businesses with different needs. Hopefully, you’ve been able to see what the similarities are, but also what differences they present, so that you can make an informed decision on which option is best for you and your business.

Get Approved
91% APR Representative

This website or its third party tools use cookies, which are necessary to its functioning and required to achieve the purposes illustrated in the cookie policy.  By tapping on "I accept" you agree to the use of cookies. I accept