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Using a Business Loan and a Merchant Cash Advance at the Same Time

Did you know that you can get a business loan and a merchant cash advance (or merchant loan) at the same time? Depending on your needs; this can really boost the amount of working capital you qualify for.

Although you can write off a cash advance on your taxes, it is not listed on your TRW report. I would imagine that if a bank was aware that you had a cash advance; they might think twice about the amount of money they would lend you. Although with a merchant cash advance, this would really make a difference.

I wouldn't suggest this type of financial strategy for everyone, but if you really require additional working capital or more than you could get from just once source alone; this could be your best solution.

I must advise against using this money for anything other than something that would benefit your business. I only say this because I have seen many business owners use the money for something other than business purposes and their businesses ended up suffering because of it.

Here are some examples where using a business loan in conjunction with a merchant loan might work;

• Expanding your current location.
• Refurbishing old equipment or purchasing new equipment.
• Paying off debts before they pursue legal action.
• Purchasing inventory in bulk at a reduced rate.

OK, you know your business better than I do, and I am sure that you can think of much better uses for the money than I can. But you get the idea.

If you have ever considered getting a merchant cash advance; I invite you use our easy form to learn more about a merchant cash advance or discover how much you qualify for. It's fast and free and there is always someone to answer your questions.

Additional articles:

• A merchant cash advance is not your daddy’s loan
• Tapping the potential of your future credit card sales
• How to Spend Your Business Cash Advance
• How Fast is a Merchant Cash Advance?
• Getting the Most from Your Merchant Cash Advance
• Exactly how long does it take to pay off a merchant cash advance?
• When Times Get Tough, the Tough Go Shopping with a Merchant Cash Advance