Merchant Cash Advance UK

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.

A business cash advance gives the lender rights to claim a proportion of your future sales in return for giving you money upfront. Working with the company that provides the card terminal and processes payments, the merchant cash advance lender will receive an agreed proportion of future transactions until the advance plus the fees are paid off.

QUALIFYING CRITERIA FOR A UNSECURED CASH ADVANCE

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, 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 £2000-£3000 per month

Some lenders may want to take a look at your own credit history but the checks will be far looser than other types of borrowing.

WHAT IS AN IMMEDIATE CASH ADVANCE?

A Merchant Cash Advance is known by a number of different names but they all work in exactly the same way, offering lump sum capital in return for a percentage of the ongoing business income. Some of the other names you may hear include an immediate cash advance, cash flow loan, business cash advance.

All of these refer to the same type of business finance where there’s flexible repayments deducted directly from future income.

PDQ offers Merchant Cash Advance Services for UK Business, Offering bespoke merchant cash advance loans. Our wealth experience in the financial sector enables us to have a large portfolio of lenders to pick the right financial product for you.

Our merchant cash advance product is designed for both small and large business, who wish to look for an alternate business finance solution. Merchant cash advance is an innovative product designed to be tailored to your business financial structure.

Merchant cash advance is designed for businesses without many assets, who have a good volume of card transactions each month. With repayments taken by a proposition of your revenue, making it a quick and easy funding solution for many SMEs.

With a merchant cash advance, repayments are generally taken as a fixed percentage of revenue through PDQ terminal payments. Meaning you payback the loan against a percentage of the sales you make, so your loan repayment is always tailored to your revenue.

The electronic payment methods let both provider and user review sale data in a transparent fashion. The lender is able to get a clear view of the level of transactions flowing through the business. 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 portfolio of lenders can help you today with a merchant cash advance UK.

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