Frequently Asked Questions
365 Business Finance Cash Advances vs. Bank Loans
Compare our flexible, alternative business finance solution with the traditional bank loan.
365 Business Finance Cash Advance
A fast and flexible way to raise funds for your business
One clear, all-inclusive fee for duration of the merchant cash advance. No admin charges. No interest. No late fees.
No Fixed term. Flexible repayment period depending on your sales (typically the advances are repaid in 5 to 10 months).
Flexible repayment amount depending on your business performance (you repay a % of your card sales)
No security required
No Business plan required
Approval Within 24 hours
Funding in Days
Bank Loans
Bank Loan requirements for funding are often onerous
Interest charged according to length of time loan is outstanding. Admin charges and late fees payable.
Fixed repayment period
Fixed repayments irrespective of underlying business performance
In most cases security is required
Business plan required
Approval normally takes weeks
Funding usually takes weeks