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Support your business needs with a Merchant Cash Advance
Need a business loan with straightforward, affordable daily repayments? A Merchant Cash Advance is a new unsecured business loan alternative. It’s a short-term cash injection of between £3000 and £300,000 which works with you to support your cash-flow and business needs. Unlike traditional finance products, there is no APR* or hidden costs! You only agree on a simple, comfortable cost that is paid back, typically over 6 to 9 months as a fixed percentage of your future credit and debit card sales…simple!
A Merchant cash advance is the UK’s most exciting funding solution for small business and SME’s, praised by the government as an alternative funding option for UK businesses it has already helped thousands of people. It’s designed to work alongside your busy and quiet periods for example if you have a slow month on your card sales then you only pay back the agreed percentage of those sales – keeping your repayments in line with your cash flow through the good times and bad. The unsecured business loan alternative is repaid only when you make sales on your card terminal (PDQ) machine. There are absolutely no hidden costs or fees, the application process to get approved for our merchant cash advance is a simple online form giving you a free no obligation quote.
A merchant cash advance is a relatively new product to the UK financial market but it offers an array of exciting features for businesses operating in retail, hospitality and leisure. In fact, any business that accepts credit and debit payments via a card terminal could qualify for a merchant cash advance.
You can apply for a merchant cash advance if you accept payments for goods and services via a card terminal. The amount of funds available to you is aligned with your average monthly turnover of card transactions. The percentage of each sale taken as a repayment along with a manageable pricing structure will be tailored at the outset of the arrangement to suit the needs of your business.
Your business needs a loan
Whether it’s to buy more stock, invest in new equipment or maybe just a cash injection, a business cash advance has helped thousands of business customers across the UK get the funding they need.
You have a Card Terminal Machine
Great news. The major qualifier for our merchant cash advance is that you have a card terminal machine (PDQ) and that you turnover more than £3000 a month in card transactions. A typical advance is up to one month’s card sales (so if you take £10k in card transactions, your maximum would be up to £10k).
You pay back a small % of card sales
You agree a comfortable percentage of future card sales (This is usually 10-20%) that you can pay back as they happen. It couldn’t be simpler! So in slow times, you pay back less and in good times you pay back faster! All your hard cash income is left alone, only a comfortable percentage of daily card sales is paid back.
A merchant cash advance is an unsecured cash injection with no upfront fees and no fixed payment terms. You simply and automatically repay a percentage of future card transactions within a short timeframe, typically nine to twelve months. With no fixed repayment terms and no late penalties – repayments are only made when a card transaction is processed – you will therefore repay more when you’re busy and less when business is quiet.
Every business is unique, and it is the same with a Merchant Cash Advance. Pricing is tailored to your business and your performance. To get a feel for the cost, take a look at our example below. Remember, apply now and receive an instant, no obligation quote!
¹ This is an average figure and includes the total cost of the advance. Pricing is tailored specifically to your business needs, and daily amounts can change based on your performance. Costs will be clear before signing into the agreement.
Here’s an example
A pub owner wants £40,000 to refurbish and expand the premises.
Get a free, no-obligation quote today – it only takes a minute! Click the button below to get started.
For more information, please Visit our FAQ’s page.
The amount you can borrow will depend on your average monthly card takings. The amount of credit available is between £3000 and £300,000. Apply now to find out what you can get.
It’s a short-term funding product. The time it takes for you to pay it back is based on your business performance – in slow times, you pay back less, and in good times you pay back faster. Typical repayment timeframes are 6 to 9 months, but can be as short as 4 months and as long as 18 months.
Ideally, your business must be trading for approximately 3 months and turning over more than £3000 in card sales a month. Don’t worry if you can’t meet this requirement, we’ll do our best to work with you to find a solution.
A merchant cash advance is a repayable short-term alternative to a traditional cash loan. Every business is unique, so pricing is unique. The cost is clear and simple: You agree a fixed percentage of your future card sales upfront and this doesn’t change.
There are no fixed monthly payments. It’s not a traditional cash loan, so there’s no fixed term and no APR. You only pay back a small percentage of your future credit and debit card sales.
Some of the lenders we work with may do a credit check. However, all applications are assessed individually.
It’s not a traditional unsecured business loan, so there’s no fixed term and no APR. Merchant loan advance providers measure their fees as a factor rate. The advance amount you receive is multiplied by the factor rate to determine the total amount you will pay back. You only pay back a small percentage of your future credit and debit card sales each day until the loan has been settled, meaning in slow times, you pay back less, and in good times you pay back quicker.
Our providers will have their policies for non-payment, and therefore the customer must check the terms and conditions of the provider they use. Late or non-payment may result in default charges, fees and extra charges. If you have any problems making a payment, you should contact the provider directly.
We do not perform any credit checks, but the provider you have been placed with may perform credit checks from a major credit reporting bureau. A missed or late payment may affect your credit score.
We are not involved with the collection practices. If you have any problems making a payment, you should contact the provider directly. If you fail to resolve with the provider directly, then your account may be referred to a collections agency.
We are not involved with the decision to renew your loan. Our providers have their specific renewal policies. We encourage you to read the loan agreement terms and conditions specified by the provider we match you with carefully. If you need to renew your loan, please contact the provider directly.
“Found the merchant cash advance to be a great help to our business. Very simple, will use again.”
Is your business ready for a Merchant Cash Advance?