Card Merchant Cash Advance

//Card Merchant Cash Advance

Card Merchant Cash Advance

Card Merchant Cash Advance

Our Card Merchant Cash Advance are a flexible and easy alternative to bank loans for business. Our application process takes minutes, we don’t require security or business plans, and you will get a decision in under 24 hours.

Get between £3,500 and £100,000 of funding in days!

How Does Card Merchant Cash Advance Work

With a Card Merchant Cash Advance, we’ll advance you between £3 500 and £100 000 for any of your business’ requirements. The advance is then repaid by paying us an agreed percentage of your credit and debit card sales (typically between 5% and 20%). You keep 100% of your cash sales. Repayments are automatically processed and hassle-free.

Because repayments are linked to your card sales, you only repay the advance when make sales to your customers, so you pay less in quiet months, and more in better months, but importantly the total repayment amount remains the same irrespective of the length of time it takes to repay. We only get paid when you get paid. Its that simple!

Businesses We Help

From restaurants and pubs to shops, hairdresser, florists, hotels, garages and equipment hire companies, a merchant cash advance from Biz Money can be used by almost any business that accepts credit and debit card payments from customers

Bank Loans vs Merchant Cash Advance

MERCHANT
CASH ADVANCE
BANK LOAN
Interest rates and fees One clear, all-inclusive
fee for duration of
advance. No admin
charges. No interest.
No late fees.
Interest charged
according to length of
time loan is outstanding.
Admin charges and late
fees payable.
Repayment Period Flexible repayment
period depending on
your sales (typically
the advances are
repaid in 5 to 10
months)
Fixed repayment
period
Repayment Amount Flexible repayment
amount depending on
your business’
performance (you
repay a % of your card
sales)
Fixed repayments
irrespective of
underlying business
performance
Security required? None In most cases
Business plans required? No Yes
Pre-Approval Within 24-48 hours Normally weeks
Funding Within Days Normally weeks
Access to additional
Funding?
Eligible for additional
advance when 70% of
the advance is repaid
In most cases, the
original advance has to
be fully repaid

 

Card Merchant Cash Advance is available to any trader taking over £3,000 per month on a card machine in their business, should you like a quotation on costs please complete the online enquiry form here.

By | 2018-02-16T11:08:23+00:00 January 30th, 2018|Merchant Cash Advance|0 Comments

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