How does a Business Cash Advance Work 2018-03-31T19:42:20+00:00

Business Cash Advance

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.

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Understanding Business Cash Advances

HERE’S HOW OUR BUSINESS CASH ADVANCE 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.

BUSINESS CASH ADVANCE

ADVANTAGES OF OUR BUSINESS CASH ADVANCE

  • Get your funds in days

  • One simple all-inclusive cost

  • No security or business plans require

  • Simple application process – 90% approval rate.

  • No fixed term or fixed monthly payments.

  • Pay us back when you sell to your customers.

  • Dedicated relationship manager to support you.

  • No admin fees, no APR’s, no hidden extras.

THE REPAYMENT PROCESS OF A BUSINESS CASH ADVANCE

# 1

# 1

We’ll agree with you a fixed daily percentage of your credit and debit card sales to repay the business cash advance (typically between 5% and 20% of your card sales)

# 2

# 2

You sell to your customers on your credit and debit card terminals.

# 3

# 3

The pre-agreed percentage is automatically deducted from your daily transactions and you receive the balance of your funds as normal into your regular bank account

# 4

# 4

This all happens automatically so there is no change to the time it takes you to receive your money (normally three business days)

# 5

# 5

The daily amount deducted then reduces the balance outstanding on the cash advance

# 6

# 6

Collections stop automatically once the cash advance has been repaid in full

Application Process

  • Complete our simple application form

  • You’ll be allocated a relationship manager to assist with any queries

  • We’ll assess your application and give you a decision in under 24 hours

  • You will receive your funding directly into your business bank account within days

Am I Eligible?

  • Minimum average monthly credit and/or debit card sales of £5,000

  • Trading for at least 12 months. Unfortunately we are unable to fund start-up businesses

3 STEPS TO GROWING YOUR BUSINESS

How does a Business Cash Advance work.