Is the Level Advance a loan?

No, the Level Advance is not a loan. How you repay and the total repayment are the main differences between a standard business loan and a Level Advance. 

With standard business loans:

• The monthly obligation to repay is a fixed “monthly minimum”
• There is a term on which you are required to fully repay the loan
• The total amount you’ll repay increases with interest. 

With Level:

• The monthly payment is a percentage of your business earnings
• There is no term in which you are required to fully repay
• The total amount you’ll repay is your advance plus the service fee. 

Want more? Email us at [e-mail] or call toll-free at [phone]. You may also self-serve within our Help Center to learn more about our resources within the Level Financial Toolbox, our FDIC-insured Level Earnings Account, and how our Level Advance payment and repayment works.