Understanding Business Cash Advance & Merchant Cash Advances
HERE’S HOW OUR MERCHANT CASH ADVANCES WORK…
You can raise between £5,000 and £200,000 in funding for your business, through our Business cash advances. Repayments are simple, as they are a small percentage of your credit and debit card sales.
That means you only repay us when your customers pay you. So when sales are down, repayments are lower.
No interest, APR’s or hidden extras
Get your funds in as little as 48 hours
One all-inclusive cost that never changes.
IT’S FAST AND SIMPLE BUSINESS FUNDING
Our application process takes minutes and you receive a decision in under 24 hours; 90% of businesses that meet our basic criteria are approved.
Frequently Asked Questions
Our Business cash advances are a quick and easy way to raise between £5,000 and £200,000 for your business. Unlike a regular loan, there are no fixed weekly or monthly payments. You simply pay back a small percentage of your credit and debit card sales, which means that you only pay us back when you sell to your customers
Every business needs capital from time to time but a bank loan isn’t always accessible, or in some cases, it just might not be the right option. A merchant cash advance offers a very different way of receiving a financial boost but without so many restrictions on the repayments.
So if you’re having a quiet month, your repayments automatically reduce, which helps you manage your cash flow.
There is an all-inclusive cost that gets added to the cash advance, so there are no interest charges, APR’s or late fees.
Apply in minutes
90% approval rate
Approval within 24 hours
No security or business plans required
Flexible repayments based on your card sales
One simple all inclusive cost, that never changes, agreed upfront.
We understand that as business owners and entrepreneurs, your time is important and you need quick answers so that you can focus on your core business.
That’s why we’ve designed our Business cash advance funding process to be fast, simple and hassle-free. We don’t require business plans or security for our alternative business funding, and your cash advance will be approved in under 24 hours. The processing of the repayments happens automatically so there is no disruption to your business
Simple online application based largely on the performance of your business. Fast approval and payout. Flexible repayments which match the performance of your business. No specific repayment term. Available to more businesses than a traditional loan. Can be used for a range of business needs from refurbishments to short-term cashflow gaps. Suitable for any industry. Transparent fees which are calculated at the outset. Potential to borrow up to £200,000 if supported by business performance.
Best of all, it’s a cash flow friendly solution for your business designed to match your business’ performance, so you pay us back when you sell to your customers.
Unlike regular bank loans, there are no fixed weekly or monthly repayments on our merchant cash advances. You simply pay back a small percentage of your credit and debit card sales, which means that you only pay us back when you sell to your customers.
So when sales are down, the repayment amount is also low which helps you manage your cash flow, especially during quiet months. Instead of charging you interest on the advance based on the length of time it is outstanding, there is a single, all-inclusive cost added to the advance, so there are no APR’s or late fees
With a merchant cash advance, the repayments aren’t a fixed amount and there’s no set term during which the money must be repaid. At the outset a fixed percentage of your credit and debit card will be agreed and this is what will be deducted, regardless of the actual sum. This allows the repayments to ebb and flow with your business and in those months where you’ve earned less, you’ll repay less too even though the percentage will remain unchanged. This means that you’ll never find yourself with a large finance commitment that you don’t have sufficient earnings to meet. This flexibility over the repayments means that it’s impossible to fix the repayment term but the more money you take via card transactions, the more quickly you’ll repay the debt. As a general rule, the higher percentage of your takings that you agree to pay each month, the better terms you’ll receive.
Best of all, the application process is much simpler than for a regular bank loan, and your advance will be approved in 24 hours and you can have the funds in your bank account within days.
Click the “Get a quote” button for a no-obligation quote on our business cash advances.
Not every business will qualify for a merchant cash advance but the qualifying criteria is far more relaxed than traditional finance. The exact requirements will vary between lenders but as a general rule of thumb are :-
You have been in business for at least 12 months;
Your average credit and/or debit cards sales during this period are at least £5,000 per month.
Contact our customer services team to find out more.
Our merchant cash advances range from a minimum of £5,000 up to a maximum of £200,000.
Our maximum advance size depends on your average monthly credit and/or debit card sales. Typically we can offer up to 100% of your monthly card takings.
Should you require more, please call our office for a bespoke quote to match your needs.
Unlike a regular bank loan, there are no interest charges or APR’s on our merchant cash advances. You pay a single, all-inclusive cost, which gets added to the cash advance and remains the same irrespective of the length of time it takes to repay.
There are no application fees, admin charges or hidden extras.
Contact our customer service team for a no-obligation quote on our quick business loans.
You repay a small, agreed portion of your credit and debit card sales, which then reduces the balance outstanding on one of our merchant cash advances.
So if you are having a quiet month, the repayment amount is also low which helps you manage your cash flow. There is no term on the product, so there are no additional charges if the advance takes longer than expected to repay.
You simply pay back a small, pre-agreed portion of your credit and debit card sales, so the exact length of time it takes to pay back a business cash advance depends on when you make sales to your customers.
There are no fixed weekly or monthly payments.
No security is required to receive an unsecured cash advance.
Yes, we can provide ongoing capital funding for small to medium businesses, in the UK.
Our merchant cash advances are fully flexible so you can apply for additional funding.
We partner with a number of financial brokers and introducers to help their clients secure unsecured funding for their businesses, through our ualternative business finance.
We offer training to help you understand our products and gain access to co-branded materials, a dedicated broker contact and a competitive commission scheme.
3 STEPS TO GROWING YOUR BUSINESS
Business Cash Advances
Does your business need a straightforward, affordable business loan alternative?
Our business cash advances are a fast and flexible way to raise between £5,000 and £200,000 in capital, for your business today. Repayments are based on your card sales, which means you only pay us back when you sell to your customers.