Business loans usually have a fixed duration and payment amounts, minimum monthly payments, collateral requirements, and many also require personal guarantees.
Our merchant cash advances have a sales-based duration and payment structure, and do not charge any recurring interest, minimum monthly payments, or early/late payment fees.
Merchant cash offers and advances are provided by Parafin and governed by Parafin’s Terms of Service. Merchant cash offers and advances and bank transfers are subject to review and may be rescinded. Merchant cash offers and advances are not extensions of credit or loans and they may not be used for personal, family, or household purposes.