Fieldhill Loans can arrange merchant cash advances for businesses in Columbus, IN and Bartholomew County, IN with steady card or bank receipts. An advance is a purchase of future receipts, not a loan: a provider pays you now and collects a fixed share of daily sales until an agreed total is reached. Set it against the loan options before choosing.
| What it is | Tomorrow's card receipts sold today at a discount (not a loan) |
|---|---|
| Cost set by | A multiplier set on the sum advanced |
| Collected | A daily cut of card or bank receipts |
The structure of a merchant cash advance
With an advance, a provider buys a portion of your future receipts at a discount. You receive a sum now; the provider collects an agreed total, the amount advanced multiplied by a factor rate, by taking a fixed percentage of daily card sales or bank deposits. When sales are slow, the daily collection is usually smaller; when sales are strong, it is larger.
Merchant cash advance: loan or receivables purchase?
No. A merchant cash advance is a sale of future receipts, not a loan, and it is never repaid in the loan sense: the provider collects its agreed share of receipts. The word loan is sometimes attached to advances, but the structure and the agreement are different. Read the contract as a purchase agreement, not as a loan note.
Merchant cash advance vs business loan, point by point
| Point | Merchant cash advance | Term loan |
|---|---|---|
| What it is | Buying receipts not yet earned | Borrowed money |
| Cost expressed as | A multiplier on the sum advanced | An interest rate over the term |
| How money goes back | A daily or weekly share of receipts is collected | Fixed installments are repaid |
| When sales drop | Collections usually shrink with sales | The installment does not move |
| Typical use | Short gaps for businesses with steady card sales | Planned projects with a known price |
For planned spending, compare the total dollar cost of a term loan or working capital with an advance. An advance can fit when card receipts are steady, the need is short and other options are not on the table.
Merchant cash advance vs term loan: comparing the cost
A labeled example, not an offer
Hypothetical figures only: an advance of $15,000 with a 1.3 factor means $19,500 is collected in total. If the provider takes 12% of daily card sales and those average $1,400 a day, about $168 is collected each day, and the $19,500 would take roughly 116 selling days. Faster sales shorten that period, which raises the effective cost when you compare it with a loan's annual rate. Only the provider can name the real factor and percentage.
Always ask for the total amount to be collected, the percentage, and whether the collection can be adjusted if sales fall.
Five things to ask an advance provider in writing
- What is the total amount that will be collected, in dollars?
- What percentage of daily receipts will be taken, and from which account?
- Can the collection be adjusted if sales fall, and how do you request it?
- Is there any discount if the advance is completed early?
- Does the agreement restrict taking other funding while it is open?
Write the answers down next to the figures from any loan offer you have. If an answer is vague, treat that as information too.
Who swipes enough cards for an advance in Bartholomew County, IN
Card-heavy businesses: restaurants, shops and service businesses. The county had 175 accommodation and food services and 286 retail employer establishments in 2023 (County Business Patterns). Before choosing an advance, a line of credit is worth comparing. See restaurant funding and retail funding for the loan options in those trades.
What providers commonly review
- Recent card processing statements or bank statements.
- Average daily receipts and how steady they are.
- Existing advances and their daily collections.
- Time in business.
Stacking a second advance on top of an existing one adds to the daily collections. Mention any current advance when you call. The six funding types comparison and the Fieldhill request path explain the alternatives, and the Columbus, IN page has the local counts.
By Fieldhill Loans · Updated
