|Jet Capital||Traditional Business Loan|
|Application||Apply for a merchant cash advance in minutes through our 100% online process||Hours or days – manually prepared document requiring multiple forms, tax returns and potential meetings|
|Initial Decision||Initial decision typically within a minute based on our 100% online process||Days to weeks|
|Final Decision||As soon as same day*||Weeks|
|Funds||As soon as the same business day*||2 – 3 days|
|Payment||Flexible – based on % of your daily revenue||Fixed – typically limited flexibility|
*Same day funding up to $5,000 is available for Boost MCA customers, and for well-qualified customers, 20% of conditionally approved advance amount (Net Deposit) up to $10,000 is available through the Pre-Fund Program. Click here for an overview. For Boost MCA and Pre-Fund Program customers, assumes same-day application, initial approval, submission and verification of certain underwriting documentation and Jet Capital initiation of wire transfer before 5 p.m. Eastern Time, which, subject to your financial institution’s processing policies, could be available the same business banking day. For Core MCA customers, upon receipt of additional underwriting documents and final approval, Jet Capital initiates a wire transfer for the final approved amount (Net Deposit) less any advance received in the Pre-Fund Program, which could be available as early as the following business banking day.
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