Alternative Business Funding Solutions

/Alternative Business Funding Solutions

Florist Business Cash Advance

Business cash advances for florists is an alternative finance solution that offers florists a different option to business finance. Maybe your business was turned away from banks or other lenders. Possibly because you or your business has failed to meet their strict requirements for a bank loan for a florist business.  Business Cash Advance is flexible and much more easily accessible. Florist funding can be raised in a matter of days with cash advances of £5,000 – £200,000. You florist business needs to have a minimum of £5,000 a month in debit and credit card payments.  If your business needs funding then a business cash advance for a florist maybe the prefect fit!

Business loans for Florists

business cash advance for florists

Business Cash Advance for Florists

Our florist business alternative loan product is an ideal solution for any flower shop business that is seasonally dependant or has fluctuating cash-flow. Florists work perfect with a business cash advance. This is due to the repayments are always entirely in sync with your flower shop businesses monthly performance.

A business cash advance is an unsecured injection of working capital into your florist business this is based on future credit and debit card sales. It’s repaid via a pre-agreed percentage of about 7% per every future card transaction.

Florist financing with cash advances

PDQ Funding can help finance your florist or flower shop with a cash advance. Business Cash Advances are quick and easy to apply for. We have supported a number of florists with cash advances each year year for a number of purposes including:

  • Purchasing a new delivery vehicle
  • Refurbishment and repairs
  • Staff hiring & training
  • Promoting your latest offers and services
  • Offering bolt on services such as wedding services
  • Immediate cash flow

Florist Business Cash Advance is an alternative to a bank loan

Unlike traditional bank loans witch have fixed monthly payments, florist business cash advance repayments are directly linked to your card takings. The repayment of the advance only happens when the business makes a card sale.  Cash advances for florists businesses are available to any florist or flower shop based in the United Kingdom that has traded over 6 months. 

Merchant Loan Advance benefits :

  • Application takes minutes for £5,000 -£200,000
  • You pay back only when you make a sale – there are no fixed monthly payments
  • 100% of your cash income is safe
  • One clear cost per transaction
  • No hidden fees, charges or penalties.

Over 80% of businesses are approved for a business cash advance loans no credit check. The application process is simple and easy to complete with minimal paperwork and no accounts required.

Merchant Cash Advances that work for florists

Florist Merchant Cash Advance have no up-front cost when they are set up. Business loans for florists start at £5000 to a maximum of £200,000. Repayments are taken from future credit/debit card PDQ machine transactions. Merchant cash advances for florists are not secured, so your home or assets would be at risk should something go wrong. All repayments are agree upon a percentage of your future card payments as loan instalments. This means your cash advance will mirror your day-to-day business. 

Get florist funding now

The process is quick and easy to get florist funding in place. Simply complete the online application to get started and we will do the rest.

GET A QUOTE

By | 2019-02-16T15:02:07+00:00 February 12th, 2019|Florist Merchant Cash Advance|0 Comments

Hotel Business Cash Advance

Business cash advances for a hotel is an alternative finance solution that offers hoteliers a different option to business finance. Maybe your hotel was turned away from banks or other lenders. Possibly because you or your business has failed to meet their strict requirements for a bank loan for a hotel business.  Business Cash Advance is flexible and much more easily accessible. Hotel funding can be raised in a matter of days with cash advances of £5,000 – £200,000. You hotel business needs to have a minimum of £5,000 a month in debit and credit card payments.  If your hotel needs funding then a business cash advance for hotels maybe the prefect fit!

Number of hotel and similar type of accommodation in the United Kingdom as of 2017 was 9745. These business offer great service to the hospitality industry. Business always need to take care of unexpected bills and repairs.  Cash advances offers unsecured finance in 48 hours.

Hotel or bed & breakfast business loans

Hotel Business Cash Advance

Business Cash Advance for Hotels and Bed & Breakfast Guess Houses.

Our hotel business alternative loan product is an ideal solution for any hotel business that is seasonally dependant or has fluctuating cash-flow. Hotels and Bed & Breakfast guest houses work perfect with a business cash advance. This is due to the repayments are always entirely in sync with your hotel businesses monthly performance.

A business cash advance is an unsecured injection of working capital into your hotel business this is based on future credit and debit card sales. It’s repaid via a pre-agreed percentage of about 7% per every future card transaction.

Hotel financing with cash advances

PDQ Funding can help finance your Hotel or Bed & Breakfast Guest House with a cash advance. Business Cash Advances are quick and easy to apply for. We have supported hotels and guess houses with cash advances each year year for a number of purposes including:

  • Soft furnishings and furniture
  • Refurbishment and repairs
  • Staff hiring & training
  • Promoting your latest events
  • Upgrading rooms and carrying out repairs
  • Purchasing stock, drinks, food, crockery and glassware
  • Immediate cash flow

Business Cash Advance for a hotel is an alternative to a bank loan

Unlike traditional bank loans which have fixed monthly payments, a business cash advance repayments are directly linked to your hotel card takings. The repayment of the advance only happens when the business makes a card sale.  Cash advances are unsecured meaning your home is safe as no personal guarantees are required.

  • Application takes minutes for £5,000 -£200,000
  • You pay back only when you make a sale – there are no fixed monthly payments
  • 100% of your cash income is safe
  • One clear cost per transaction
  • No hidden fees, charges or penalties.

Over 80% of businesses are approved for a business cash advance loans no credit check. The application process is simple and easy to complete with minimal paperwork and no accounts required.

Get hotel funding now

The process is quick and easy to get hotel funding in place. Simply complete the online application to get started and we will do the rest.

GET A QUOTE

By | 2019-02-14T17:06:12+00:00 February 11th, 2019|Hotel Merchant Cash Advance|0 Comments

Business Loans Based on Credit Card Sales

If you’re looking for an alternative to traditional business credit. Loans based on credit card sales could be the answer you’re looking for. Here are two trends worth thinking about. Credit and debit card sales recently overtook cash for the first time in history and lending to small businesses is in decline. Both offer a hint at the challenges facing businesses as well as some of the alternatives they might choose to look into. One of these could be the option of taking out loans based on credit card sales.

Business cash advance loans

Loan Based on Credit Card Sales

Business Loans Based on Credit Card Sales

Fewer small businesses are applying to conventional lenders for loans. That’s partly because they have given up hope of being accepted. This is also because they now have a wider range of alternatives. Finance providers have spotted a gap in the market and are delivering a range of services to address the needs of businesses. One of these is known as a business cash advance. These type of business loans are based on future credit card sales.

This is often referred to as business loans based on credit card sales, but that’s only partly true. Yes, the amount you receive will be based on your revenue through credit and debit card sales.  But it is not – strictly speaking – a loan.

Instead, the provider is offering a business cash advance loan against your future card sales. Here’s how it might typically work. Let’s say you have monthly card revenues of £20,000. They might be able to offer a sum of around one month’s revenue which you would then pay back through a proportion of your future credit and debit card sales.

Payments are set so the actual amount you repay depends on the level of sales. This is a good way to spread the costs and ensures that the business loan that is based on credit card sales remains affordable. If you have a successful month, for example, you will pay more and clear the total more quickly. However, if you experience a slowdown your repayments will also fall.

Business loans for seasonal peaks

This can be a useful option for businesses which experience seasonal peaks and troughs. For example, many pubs and restaurants have become all too familiar with the January slump when people attempt to get themselves back into shape after the Christmas excesses.

A business cash advance loan could provide an injection of capital to see you through this barren time until business picks up once again.

It can also address a short-term cash crisis. For example, if you’re struggling to make payroll or have some substantial and unavoidable bills to pay, this could see you through a rocky patch. That could prove to be crucial as many small and medium sized businesses fail despite having relatively robust sales data.

How can credit card sales get a business loan?

Business credit card loan lenders will require an applicant to provide the last 6 months of merchant card processing statements. This will demonstrate amount of credit cards sales they process each day.  Merchant cash advance lenders will then use these projections to assess the amount of credit card sales the merchant will do in future months. The lender will then offer to buy a portion of those future credit card sales transactions at a discounted rate. If the merchant agrees to the business funding, the lender will then agree a lump sum amount in to your business bank account. The repayments will take place by splitting each day’s credit and debit card sales until the cash advance is repaid in full. Repayment happen by withholding a percentage of each day’s sales usually about 7% of each transaction. 

Credit card business loans

A merchant loan advance could also be a useful way to fund investment in the future by using your credit card sales for a business loan. We are living through an age of digital transformation in which technology is creating new opportunities for businesses of all sizes.

This has the potential to dramatically improve your marketing, expand your reach and grow revenues. More efficient IT infrastructure could also streamline operations and reduce your administration costs allowing you to pass those savings on to your customers.

Unfortunately, many businesses will not be unable to take advantage of this as they will not feel they are in a position to manage the upfront investment required. That could potentially put the health of their business at risk. If they do not make the investments, their competitors will. They’ll be in a position to increase their revenue and offer their products on a more cost-effective basis.

Alternatives to business credit card loans

This is, then, a good way to overcome obstacles and unlock opportunities in a way which you can afford. Because this is an advance based on credit card sales rather than traditional business type loans, you won’t be held back by problems with your credit rating. It also requires less administration and the money can be in your account much more quickly. These small business loans that are based on credit card sales are perfect for any business that has been trading for six months or more. The small business loan can help with growth as well as using as a cash flow tool within the business.

Some business may be restricted in gaining these type of business loans. The merchant may simply not have enough credit card sales each month. Idealy the flow of card sales needs to be £5,000 or more per month.

As with anything, you should shop around to get the best deals. Look at the fees and the terms and conditions to make sure you fully understand the full costs of the deal. This is not the only option. It’s a great one for any business which takes a substantial proportion of its revenue through credit or debit cards.

Get a card machine loan today

Businesses can gain an unsecured loans based on credit card sales within 48 hours. Funding is available with a card machine loan up-to £200,000. To find out more simply complete the online enquiry form.

GET A QUOTE

By | 2019-02-16T14:34:44+00:00 January 11th, 2019|Loans Based on Credit Card Sales|3 Comments

Card Payments Overtake Cash

Card payments overtake cash and it’s signalling a new approach for businesses of all kinds. Cash is dead – or at the very least looking a little poorly. According to new stats, card payments have overtaken cash for the first time in history. It marks a changing of the guard in the way we use money and pay for goods, so how will businesses react?

A new era for card payments

Card Payments Overtake Cash

Card Payments Overtake Cash

The impact of a cashless society is being felt almost everywhere. Even Big Issue sellers, are having to up their game. One, for example, recently hit the headlines when he saw his sales rocket after he invested £30 in a card reader.

Businesses of all kinds will also have to up their game. Those retailers which do not accept card payments will have to find a way of doing so. While this might once have been a mild inconvenience, it is now becoming a serious issue.

Equally, more and more businesses will have to consider accepting card payments with a card payment terminal for smaller transactions. Customers expect it and, if they can’t find it with one shop, they will be more likely to look for another.

More and more people are using credit cards for business, with the growth in products like “Apple Pay” you do not even need to carry your credit / debit card with you.

Understanding customers who pay cash 

The move away from cash, though, is far from universal. While millennials and younger adults are quick to adopt new payment technologies such as cards or mobile payments, older people are still likely to stick with what they know and trust. This means retailers will need to adjust their offering to suit different demographics and customer groups.

The key for the future of retail is to ensure everyone can pay in whichever way they want to – be it card, mobile payments or cash. If you can’t, you not only miss out on their custom on that occasion but also, potentially, in the future.

Using a merchant loan advance

Even so, there are a number of advantages to moving people towards credit and debit card payments. One of these is that it opens you up to alternative forms of finance such as a business cash advance.

This can be a great way to overcome a short-term cash flow crisis or make an investment in new equipment or technology by securing a cash advance against your credit or debit card revenue.

Here’s how it works. A merchant loan advance provider will look at your historic sales records. They only focus on revenue from card payments. So, if you’re seeing more of your revenue coming through card sales, the good news is that you’ll be able to access a larger sum. They will then use this to estimate your future sales performance.

The amount of money you receive can vary but will often depend on how much money you bring in each month. So, if you have monthly sales of £50,000 through your card machines, they might be willing to advance that sum.

They will then take a percentage of your future card sales until the sum has been paid off. It’s a flexible way of managing the repayments because the amount you pay varies with the scale of your income.

So, for example, if you have a good month, your payments will be higher and you’ll pay it off more quickly. If sales dip for some reason, so will your repayments, making it much more affordable.

This is becoming an attractive option for businesses of all kinds which accept card payments, and also experience seasonal slumps. The pub and restaurant sectors, for example, see it as a good way to overcome the post Christmas slow-down. With everyone attempting to get fit and save money after Christmas, January is traditionally a month of austerity. That’s good news for the nation’s health but not so good news for the owners of pubs.  

Alternatives to bank loans

It also provides a more accessible option than a traditional bank loan. Since the financial crisis, banks have become increasingly reluctant to lend to small businesses. If you have a bad credit history it can be almost impossible to get a loan at an affordable rate. A merchant loan advance, therefore, offers an attractive alternative. This is an advance – not a loan – so a bad credit history isn’t quite as much of a problem.

As with any financial service, though, it’s a good idea to check the terms and conditions and make sure you understand the full costs of the service. A merchant loan advance can be quite expensive, but the full costs will vary depending on the provider. The more you shop around and do your research, the easier it will be to get a decent deal.

Do I need a PDQ machine

As card payments have overtake cash it makes sense for any business now to have a PDQ machine. Once you can start processing credit and debit card payments your working capital for the business should flow easier. After six month of using the PDQ machine and taking payments from your customers you can apply for a merchant loan advance.

The process to apply for a merchant loan advance is simple. Complete the online enquiry and we will do the rest.

GET A QUOTE

By | 2019-01-11T14:02:15+00:00 January 9th, 2019|Card Payments Overtake Cash|0 Comments

How a Merchant Cash Advance Can Help Your Pub Survive Dry January

Dry January might be good for the nation’s health but it could be fatal for pubs and restaurants. Here’s how a merchant cash advance could be a life line.  January is here. After weeks of excess, the UK is knuckling down, trying to get fit and to save money. However, spare a thought for some of its victims: the embattled owners of pubs and restaurants. Nobody has any money and everyone is trying to be healthy, which means this is likely to be their leanest month of the year.

The rise of Dry January

Dry January

Dry January

Dry January is not particularly new. It first appeared in 2012 as a campaign from Alcohol Concern and has been pretty successful. The organisers say it has helped millions of people save money, lose weight and improve their health. It taps into our natural competitive spirit. While we Brits love a drink, we also love a challenge, so we relish any opportunity to set ourselves a goal and try to achieve it.

This might be good news for the nation’s health but it can be devastating for pubs and restaurants. Both these sectors have suffered in the last few years and a lean spell in January can leave many struggling to make ends meet. With other obligations, such as taxation and payroll also weighing heavily at this time, they need to find a way to bridge the gap.

January maybe one of the best times to apply for a merchant cash advance.

Building a hospitality business

The first approach is to find a way to keep people coming into the pub. People may be cutting back on the booze, but that doesn’t mean they’ll be giving it up completely. There are still things you can do to get them through the doors. Here are a few ideas to help your hospitality business:

  • Develop new drinks: People won’t stay long for a glass of orange juice or a fizzy drink, but they might stay to try some non-alcoholic alternatives. Mocktails, for example, will give people something interesting to stick around for.
  • Focus on the atmosphere: People like a well-furnished pub and a nice atmosphere any time, but even more so when they are sober. If the interior of your pub is a nice place to be, non-drinkers will be more likely to stick around with their drinking friends.
  • Hold events: Special events give people a reason to come to the pub other than just drinking. Pub quizzes are particularly popular around this time. Not only are quiz-goers traditionally heavy drinkers, but their non drinking friends have something other than alcohol to come to the pub for.

Can a merchant cash advance help?

All these can help boost business, but from a purely financial perspective you may be facing a number of challenges. A cash shortage during this time could prove fatal for your enterprise, so you will need something to keep the wheels turning in the meantime.

A bank loan may be difficult to secure, especially if your credit history is not that great, so one alternative could be a merchant cash advance. This could help you secure an advance of up to £200,000 which will help keep the wolf from the door.

A merchant cash advance is different to a conventional loan in that it is an advance on future earnings. The provider will offer you a lump sum which you will then repay as a percentage of your revenue from debit and credit card sales.

The amount you receive will be calculated on the basis of your historic sales. So, if you take £10,000 per month through your PDQ machine, you might be able to secure an advance of £10,000. You will then pay back a proportion of your future sales through that machine until the sum is paid off. Making it a perfect alternative to pub business loans.

Why a merchant cash advance can help your pub

This can be a particularly useful approach for pubs and restaurant funding. They only calculate revenue which comes through card and debit card sales, so it suits those businesses which manage a lot of their business through card sales.

It is flexible. Repayments are based upon the level of your future sales. If these are high, you will pay it off quickly. If they are lower than expected, your monthly repayments will also be lower and more affordable

Because this is an advance rather than a loan, a bad credit rating will also not be as much of a problem as would otherwise be the case. It’s also quicker and easier to arrange than a bank loan with some providers able to transfer the money to your account within the same day.

This, then, could be an effective solution to avoid the perils of dry January. It’s a quick, affordable and accessible way to keep things ticking over until the money starts to roll in once again.

Help with business cashflow?

If your pub or restaurant accepts credit and debit card payments then a Business Cash Advance UK would be the perfect business cashflow solution for you to beat dry January. PDQ Funding provide the business funding you require, each day a small pre-agreed percentage of your card transactions until the business advance has been repaid.

The amount you have to pay back will change depending on how many transactions you process through your card payment terminal. On a slow days the repayment amount is less and on a busy day you will pay back slightly more. It’s unsecured funding that works with the structure of your pub or restaurant business.

If you would like to know more how a merchant cash advance can support your business cashflow during Dry January simply complete the online enquiry.

GET A QUOTE

By | 2019-02-05T11:53:25+00:00 January 7th, 2019|Merchant Cash Advance for Cashflow|1 Comment