In today’s big match up, we’ve got Asset Loans taking on the talented Merchant Cash Advance. Who’s going to take this one?

Remember, we’re seeing who has the best small business loan option for a restaurant with one year in operation, an average of $20,000 in monthly revenue and good credit. This business is looking for $50,000 for working capital and needs the funds within 3 weeks.

When applying for an Asset Loan, you can use collateral to secure the small business loan, lowering the risk for the lender and getting you better terms and lower rates. However, Merchant Cash Advance (MCA) brings big competition with a quick turnaround, letting people get the capital they need without collateral. It’s a close one here, with Merchant Cash Advance’s speed being a huge factor, but the better terms of an Asset Loan is giving the MCA team a run for it’s money.

Final: Asset Loans win! Asset Loans better terms and lower rates beat out MCA loans. On to Game 4.

To follow this contest, like our Facebook page here.

For yesterday’s game, check out Credit Unions vs The SBA.