Retail business loans glossary

The words you'll hear from lenders and brokers, explained in a sentence or two.

Merchant cash advance: Funding repaid as a fixed percentage of your card takings.
Factor rate: A multiplier that sets the total repayable, for example 1.2 times the amount advanced.
Revenue-based finance: Funding repaid as a share of future revenue, popular with online businesses.
Stock finance: Funding that pays your supplier for stock, which you repay as it sells.
Revolving credit facility: A credit limit you can draw, repay and draw again.
Stock turn: How many times you sell through your average stock in a year.