When business owners are looking to get a business advance, they’re usually looking for a large sum of cash, which can be repaid (with interest & fees) in fixed installments over the course of several months or years. These types of fundings are called term fundings, which is the most common type of small business fundings. Unfortunately, not all business owners can qualify for a business advance from a bank because they may have a low credit score, or they haven’t been in business long enough. Other businesses need to get money quickly and don’t have the time to wait for a bank to make a decision. This is why alternative funding company such as Commonwealth Merchant Group offer online financing to help business owners that do not qualify for or don’t have time for, traditional small business advances from banks.