Card Merchant Cash Advance
Card Merchant Cash Advance is a flexible and easy alternative form of finance compared to traditional bank loans for business. Our application process is quick and easy, once we receive your application we will contact you with a range of lenders that are tailored to your card merchant cash advance. You could have the funds of £3,500 to £200,000 of funding within your account in 48 hours.
With a Card Merchant Cash Advance, we’ll advance you between £3 500 to £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 with the deduction of the repayments taken from your daily intake.
Because repayments are linked to your card sales, you only repay the advance when making 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. It’s that simple!
Card Merchant Cash Advance vs Bank Loan
|Interest rates and fees||One clear, all-inclusive|
fee for the duration of
advance. No admin
charges. No interest.
No late fees.
according to the length of
time loan is outstanding.
Admin charges and late
|Repayment Period||Flexible repayment|
period depending on
your sales (typically
the advances are
repaid in 5 to 10
|Repayment Amount||Flexible repayment|
amount depending on
repay a % of your card
|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 |
|Eligible for additional|
advance when 70% of
the advance is repaid
|In most cases, the|
original advance has to
be fully repaid
Benefits of Using a Card Merchant Cash Advance
A merchant cash advance has several features that make them an appealing source of funding. When considering an advance, these are the most important benefits to keep in mind.
As with certain types of small business loans or lines of credit, applying for a merchant cash advance is something business owners can do entirely online. You can complete the application and upload any supporting documentation that’s required, such as your credit card processing statements in a matter of minutes.
Merchant Funding Is Quick
One of the main selling points of a merchant cash advance is the potential for fast approval and funding. Advance cash providers can render a decision within hours and deliver the funds to you within a matter of days. That’s certainly a plus if you need money right away to cover payroll or an unexpected business expense.
Our Card Merchant Funding Cash Advance is linked to your average card transactions taken over the last 6 months of trading. The total amount you repay is a pre-agreed fixed amount however you only pay back a percentage of your card takings each month. This means that if you have a bad month, you pay the same percentage as if you had a great month, so you’ll always know where you stand. You must be accepting a minimum of £3,000 per month in card sales to apply for this product and businesses trading for over 6 month benefit from auto-approval up to £200,000.
Card Merchant Cash Advance is available to any trader taking over £3,000 per month on a card machine in their business. Would you like to know more or have a chat about a card merchant cash advance, feel free to complete the online enquiry form and one of the team will contact you by return.