A Merchant Cash Advance (MCA) and a business loan are two different types of financing options for small businesses. It is not a traditional loan but rather an advance on the future sales or credit card receivables of a business. The main benefit of an MCA is that it’s typically easier to qualify for than a traditional business loan. MCA funding is usually approved much faster and with less paperwork required by banks. A Merchant Cash Advance also has a faster funding process than business loans. Once your MCA application has complete, you could receive funds wired directly to your bank account in as little as 24 hours. A traditional business loan typically has a fixed repayment schedule and a lower interest rate than an MCA. The main benefit of a business loan is that it can provide a larger sum of money than an MCA and can also be used for a wider range of expenses, but does typically require collateral, and extensive documentation to obtain.