Business Loans | A Complete Guide

In this guide, we will explore the details of business lending and how the different types can be used to boost your business.

What are the business loans available?

Income Group offer three different lending solutions. Merchant Cash Advances, Working Capital Advances, and Earned Wage Access Lending.

What is a Merchant Cash Advance?

A Merchant Cash Advance (MCA) is a form of business financing in which a business receives a lump sum of capital upfront in exchange for a percentage of its daily credit card sales. This form of financing is more common in industries where credit card transactions are a significant part of the business.

What is EWA lending?

EWA Lending, also referred to as payroll advance lending, helps businesses facilitate EWA, to give employees control of their finances. By allowing employees to access their earned wages before payday, businesses can provide relief during financial emergencies. This lending option can be a valuable tool for small businesses seeking to enhance employee financial well-being and improve the overall company experience.

Business loans

What is a Working Capital Advance?

A Working Capital Advance is a financial solution that is a quick and flexible option to address immediate capital requirements and help meet the needs of businesses. Working Capital Advances empower businesses and can help pave the way for long-term success.

Which lending solution should I use?

It depends on your company’s goals. Each lending solution has its benefits so make sure to talk to our team and we can find out the best funding solution for your business.

Are Income Group’s lending solutions secure?

Yes! Income Group are partnered with some of the world’s leading banks to make sure all the funds are safe and secure.

What are the benefits of a business loan?

Utilising lending solutions can be a catalyst for growth and help employers take their business to the next level. Whether you’re looking to fuel the expansion of your business, seeking additional funds to buy new equipment or wanting the funds to implement Earned Wage Access in your business, a business loan from Income Group can help employers progress their business. Income Group will have a lending solution to suit your business needs.

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See how much you can save by using EWA

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