Merchant cash advance. The term is now commonly used to describe a variety of small business financing options characterized by short payment terms (generally under 24 months) and small regular payments (typically paid each business day) as opposed to the larger monthly payments and longer payment terms associated with traditional bank loans.What is an online installment loan?
An installment loan is a loan that is repaid over time with a set number of scheduled payments. The term of and online installment loan may be as little as a few months. An installment loan can be interest only with a balloon payment or amortizing, which means the payment are part interest and part principal.