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ROYALADVANCE |
THE BANK |
| Approval Rate |
A high approval rate on qualified applicants. |
Banks reject most small business loan and/or credit line requests. |
| Time For Approval |
In most cases, 24-72 hrs from submitting a complete 2 page working capital application. |
Average approval time can be one week to one month after submitting an abundance of paperwork. |
| Time To Receive Funds |
7 days or less. |
Bank loan funds typically available in 4-8 weeks. |
| Securitization of Personal Assets |
Not Required. |
Required. |
| Payback Plan |
No fixed monthly payment to worry about. Payback is a % of future sales and works with the business' cash flow. We only get repaid as you make sales from your customer. |
Generally have a minimum fixed monthly payment. Failure to make this
payment can result in a default of a bank loan. |
| Slow Period |
Payments slow down as we collect a percentage of your future sales. |
No protection, banks still require a fixed monthly repayment towards your loan even during your business' slow period. |
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