Deerline Advances, a small-business funding broker in Prescott, Arizona, answers the questions Yavapai County owners raise before a request: how business and personal loans differ, what business funding can and cannot pay for, how a merchant cash advance works, and what we do not arrange. Approval sits with the lending partners, never with Deerline.
Business funding versus personal loans
A business loan is made to the business, underwritten on its revenue and records, and used for business purposes. A personal loan is made to an individual for personal purposes. Many business deals still ask the owner for a personal guarantee, which ties the owner to the obligation without making it a personal loan. The Montezuma Street office handles business money only.
Allowed and off-limits uses of business money
Partners fund business purposes: payroll, stock, equipment, build-outs, refinancing business debt. Business funding cannot properly pay for personal expenses, a home purchase or personal debts, and most agreements say so. Using funds outside the stated purpose can breach the agreement.
For how each option is paid back, see the comparison of six options.
Merchant cash advances in one paragraph
A merchant cash advance is not a loan. A funder buys part of your future receipts and collects it through remittances. Full detail is on the merchant cash advance page.
Where to read more
How a request works covers the four steps. The guide library covers Arizona trade names, the Prescott, AZ and Prescott Valley, AZ license question, and local help. The blog carries longer notes on Yavapai County topics.
By Deerline Advances ยท Updated