Business Loans for Butcher Shops
Get £3k to £300k in 24 hours*
- Pay back through future card sales
- Unsecured – there’s no worry
- Same day business funding
Quick Decision with No Obligation
Get £3k to £300k in 24 hours*
Quick Decision with No Obligation
Obtaining a loan for a butcher shop using a Merchant Cash Advance is a great way to fund your business. It works differently to a traditional bank loan as it works in-line with your cash flow, making it a flexible way to borrow.
Unlock funding from £3,000 up to £300,000 against your customer card sales.
Automatically repay a small percentage when customers purchase by card – There are no fixed payments.
The advance is unsecured, so your business assets are safe.
A quick decision and process mean you can access your money in just 24 hours* after approval.
The cost of the finance is made clear to you upfront. There are no hidden costs, confusing APR’s or other nasty charges.
Apply at any time - We can process your application 24 hours a day.
Quick Decision with No Obligation
The loan works by repaying the loan only from future credit debit card sales receipts. In other words, if you have a slow month, you repay less, and when you have a good month, you pay back the loan quicker. It’s that simple. There is no long-winded administration, paperwork or endless questions, just a simple online application form, and you are away.
Let's say, for example, your butcher shop has a monthly turnover of £20,000, and £10,000 of this is from customer credit card sales (through your merchant machine). You could qualify for a cash advance equal to the card turnover, in this case, £10,000.
From the outset, you agree with the lender, a percentage of each future card sale which will be repaid as and when you take a payment from a customer using their credit or debit card.
So let's say a customer buys £50 worth of meat and you have agreed a 10% repayment with the lender - when the transaction goes through on your credit card terminal, £5 will go back to the lender, and you will retain £45. As you can see, you only repay if you are selling. Unlike a conventional business loan from your bank where you have to meet the monthly repayments, regardless of your sales performance, our product is a truly flexible option.
Another good point to note is that all your 'cash' sales are not included in the Butcher shop merchant cash advance's payback – only ‘credit or debit’ card sales. So, your cash sales are safe, it’s really that simple.
According to research by AHDB, over the last few years, the number of independent butchers in the UK has reduced by 60% to approximately 6,000. As the competition grows with supermarket chains, it's more important than ever to grow your customer base and bolster your business on the high street.
We have already supported many independent butchers and farm shops throughout the UK with this type of alternative business funding. Many of our customers have used our service more than once and found the product to be fast, flexible and a simple way to borrow.
Maybe you need to expand your business, take on more staff or refurbish your existing premises. A business loan in the form of a cash advance is the perfect partner for your Butcher shop business. Alternative lending in the UK is here to stay, and we’re proud to support British Butchers.
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There are many ways to use this type of funding for your butchers shop. You may be looking to refurbish, extend or branch-out your premises. You may need to make alterations to your shop for health and safety reasons. Instead of leasing equipment, you may be wanting to buy new butchery equipment such as a new meat mincer, bandsaw, serve-over meat counters, fridges, freezers, counters and cabinets. You can use it to buy a van for home delivery, hire more staff or just use it for everyday cashflow.
No, a business plan is not required to access a business loan for your butcher shop. All a lender needs to see is some of your previous trading history and merchant card receipts from the last few months.
Having a poor credit history shouldn't affect you applying for a cash advance. We have helped many businesses with a poor credit history access this type of business loan. Don't let a bad credit score put you off applying.
Yes, like so many other small businesses and butchers, you may need cash for wages (and your own living expenses), stock, rent, rates, utilities such as heat, lights, telephone and other things.
You will receive a quote that will show you a total repayable amount based on the amount you wish to borrow. This total repayable amount is calculated using a straightforward factor rate.
For example, if you are looking to borrow £10,000 and the factor rate has been quoted at 1.2, then you would be repaying £12,000 in total (£10,000 x 1.2 Factor Rate). There are no hidden fees, late payment penalties or other costs involved. The factor rate can be different from lender to lender, so it is good to use our service for the best quotes.
To help you understand the cost, why not try out our merchant cash advance calculator here.
Quick Decision with No Obligation
"We have helped many Butchers across the UK receive funding to grow"
£20+ Million
Total Funded to Businesses
90%
Application Approval Rate
The process is fast, simple and straightforward. It's hassle-free, meaning there's no complicated paperwork to complete so you can focus on growing your business.
Apply online for a cash advance from £3,000 up to £300,000 for any business purpose.
The merchant cash advance can be with you in as little as 24 hours* after approval.
You simply pay back a small percentage of your future card sales as they happen. You only repay when you sell.
Quick Decision with No Obligation
