When seeking finance for your newsagents business you may have already tried conventional bank loans and traditional lines of commercial funding. These loans have become increasingly difficult to obtain due to tighter underwriting and scoring methods from the high street lenders. The good news for your newsagents is that there are lots of other alternative finance options available.
Once such option is a merchant cash advance. This product is highly flexible as it works with the turnover of your business and repays as and when you make sales via customer credit and debit card transactions. This offers your business true flexible finance as you won’t be making large payments if your sales are low. If your sales are down for the month then your business will be paying back less – it’s that simple.
It is also an unsecured form of finance which means there is no expectation to secure a commercial or personal property or asset against the loan. There are also no fees, charges, early or late repayment penalties to consider, it is a transparent business loan with a difference.
We have helped many newsagents with raising finance they need to grow and sustain business cash flow. You can use the merchant cash advance for any purpose. Most often we see the funding used for refurbishment or new premises, cash flow or vehicle purchase. You may be looking to expand your news agency business by buying other premises in another town.
“Newsagents are one of the main focal points on our high street here in the UK and we are proud to support them with such a great financing product. It’s not like a conventional business loan where repayments can put the business owners under stress, it’s truly flexible with your cash flow and transparent when it comes to the cost.
I would recommend any newsagents looking for business finance to get more information and a quote to illustrate and compare to other commercial finance products.”
– M. Jacobs, MLA