Magnum Cash Advance is a Wilmington, Delaware merchant cash advance company. They specialize in offering short-term installation loans, which are excellent alternatives to traditional payday loans. Installment loans also payoff easier and offer smaller payment options.

They allow customers to borrow up to 30% of their monthly take home pay. Requirements include being over age 21, three months of full-time on-the-job employment, monthly take home pay greater than $1,000 and electronic direct deposit of paychecks. The money is then provided by one of four convenient methods: ACH overnight transfer, Western Union, wire transfer or check via postal mail. They allow customers to pay the loan back over several pay periods instead of the traditional single pay period.