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What’s the difference between a merchant cash advance and a business loan?

The main difference is that a business loan is usually repaid in fixed monthly instalments over an agreed term. With a business cash advance, on the other hand, you only pay back when you take payments from your customers.

We offer FSCS-protected bank accounts provided by ClearBank Ltd.

ClearBank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 754568. Eligible deposits with ClearBank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK’s deposit guarantee scheme. For further information visit fscs.org.uk.

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