Can you get a merchant loan with bad credit?

You should be able to secure a merchant loan even if you have bad credit. The merchant loan approval process is generally not based on your credit at all. This is a favorite lending tool of businesses that cannot get loans from traditional sources. With this process, lenders will provide you with a cash advance in exchange for repayment through your credit card terminal. When transactions are processed, the lender will be repaid. In order to get approved, you need only to be able to prove that you make a certain amount of money through credit card transactions every month.