Merchant cash advance is a fast and flexible way to raise working capital of between £5,000 and £200,000 for any business based in the UK. Repayments are based on your credit & debit card future sales, which means you only pay us back when you sell to your customers.
Does your business need a straightforward, affordable business loan alternative?
Get A Merchant Cash Advance Quote
No security or business plans required
Approval within 24hours. 90% approval rate
Apply for a merchant cash advance in minutes
Flexible repayments based on your card sales
3 steps to growing your business
An Alternative Funding Solution for SMEs
Access £5,000 – £200,000 in 48 hours
What is a Merchant Cash Advance?
Merchant cash advance is an unsecured lending product for businesses, it uses your card payment terminal to secure future borrowing. This type of funding is already proving very popular with businesses that operate in the retail and the hospitality / leisure sectors. Any business that receives payment via a card terminal can apply to get a cash advance.
The process will allow funding to be released against your future card sales. The amount of funds made available to you is mirrored with your average monthly card transactions.
Repayments are set at percentage of each sale until the advance is paid off.
Typical repayment timescales are anything from 6 to 9 months, but dependent on your businesses history it can be can be as long as 18 months term. Once a positive repayment history is shown with your business, you may be able to top-up your funding. This will allow the amount that is borrowed and allow an extension of the term.
A Merchant Cash Advance is currently not an FCA regulated product. This allows the product to be fast & flexible. An ideal solution for businesses without many assets to use as security.
Why Choose Us?
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
Advantages of our Business Cash Advance
Every business needs capital from time to time but a bank loan isn’t always accessible. In some cases it just might not be the right option for your business. A Business Cash Advance offers a very different way of receiving a financial boost but without so many restrictions on the repayments.
Business cash advances gives the lender rights to claim a proportion of your future sales in return for giving you business funding upfront. Working with the company that provides the card terminal and processes payments, the business cash advance lender will receive an agreed proportion of future transactions until the cash advance is paid off.
The main advantage with this type of borrowing is that there is no credit checks, so this type of borrowing can be very quick to arrange. Most lenders can arrange for funding to be in place within 48 hours. The funds will arrive in your business account soon after.
Probably the best advantage is due to your sales determining the amount you can borrow there is no need to give personal guarantees or any other kind of security.
Qualifying Criteria for a Unsecured Cash Advance
Not every business will qualify for an unsecured 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, you’d need to meet the following criteria:
UK based company
A minimum of 3-6 months trading (some lenders may require 12 months)
A strong history of card payments with a minimum of £5,000 per month
Some business cash advance lenders may want to take a look at your own credit history but the checks will be far looser than other types of borrowing.
One of the Leading Merchant Cash Advance Companies in the UK
Since 2010 PDQ Funding have been funding businesses with merchant cash advance’s, as a direct lender we have funded over 1000 UK companies. Offering bespoke lending packages to business owners. Our wealth of experience in the financial sector enables us to guarantee we offer our clients the best deal possible in the shortest time.
Merchant cash advance product are designed for both small, medium and large business, who want an alternative to the traditional business loan for what ever reason. Our innovative merchant cash advance product is designed to be tailored to your business financial structure.
Designed for businesses without any real assets, but who have a good volume of card transactions each month. Repayments are made every time your business makes a sale, so no sale – no repayment. PDQ Funding offer a quick and easy funding solution for small businesses via their merchant cash advance product.
Cash advances are offered with a term time of upto 18 months, making this product perfect for short term cash flow funding for any small or medium sized business.
How Do Merchant Cash Advances Work?
Merchant cash advance have been around in the UK for the last ten year. They are now a mainstream alternative to business loans. Their repayments are generally taken as a fixed percentage of revenue through PDQ terminal payments. Meaning you payback the cash advance loan against a percentage of the sales you make. This insures that the cash advance repayments are always tailored to your businesses revenue.
The electronic payment methods let both provider and user review sale data in a transparent fashion. The cash advance lender is able to get a clear view of the level of transactions flowing through the businesses merchant account. Because of the transparency, there’s no need for a business to present a couple of years’ worth of trading accounts or to go through the dreaded credit check, meaning a quick and easy process for you!
Fill out an online inquiry form to see how our direct lenders can help you today with a merchant cash advance UK.