Help with online payday loans -Can I get a payday loan online?

The time it takes to pay off a small business loan depends on specific variables. I know, not the answer you were looking for. But do read on, this will tell you where to look and what to expect. The answer depends on the following variables:

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For a quick overview, a cash advance merchant (MCA) is a type of funding for your daily sales income. As repayment, you give a percent of your daily sales to the lender. Since it is variable, it is also variable.

Your daily sales can fluctuate based on the type of business, days of operation, and seasonality. To make better sense of this, let’s look at two different scenarios.

Scenario # 1 – Consistent sales / revenue

You are a business that generates income on a daily basis. However, you only generate this revenue when your shop is open. When you close the shop, you lose a lot of income each time.

Let’s say that you’re closed on the weekends, and have a result generated $ 0 revenue for the weekend. Meaning, you are not paying back anything for those two days. Note, these are no longer considered as payments and thus no penalties are issues. Instead, you are just expanding the time it will take to pay off the loan in total.

If your income is consistent, it can be quite predictable how long it would take you to pay off your loan.

Let’s do the math!

Let’s say you generate $ 1,000 in sales every day, and you Agreed to pay the lender 25% of your sales every day. Let’s also assume that you are closed 2 days a week . This means that you make $ 5000 in revenue every week. This means that you are paying off $ 1,250 a week !

Assuming you borrowed $ 100,000 and have to pay back $ 125,000 . It would take you 100 weeks (or 25 months) to pay back your MCA.

Scenario # 2 – Variable sales / revenue

Building on the previous scenario, let’s say that your sales are not consistent at all. There are days where you make $ 1000, you can make up to $ 5000, and make $ 100.

This is where the MCA shines for business owners. Since you are paying a percentage of your daily sales, you only pay a variable amount. So we have a regular day, you would pay back $ 250, we’ll pay $ 1,250, and we’ll pay $ 25.

On your good days, you are ready to pay the loan! Assuming that you are borrowing money to grow your business, you can expect more than bad. This means you can quickly reduce your loan.

A fixed term loan is easy

Refer to the repayment section in your terms and conditions. Namely, the repayment conditions and penalty fees. It states an exact amount you must pay monthly, and for how long. The cost of borrowing is in the total money you must pay back. The only thing that can change the amount is the frequency of delinquency. Meaning if you miss a payment, that will be your next payment date (daily, monthly, or annually).


If you are looking for tips on how to pay for your loan fast, we recommend checking out our article titled What are the Best Ways to Repay the Loan Fast Business.


The time it takes to pay your business loan depends on various factors. Most importantly, the type of loan is applying for. If you take a loan, read the terms and conditions of your contract for the loan term. This is usually indicated in days. For an MCA the day it takes place on your daily sales. If there is an increase in your daily sales, the repayment term decreases.