Alternative Business Funding Solutions

/Alternative Business Funding Solutions

Dry Cleaner Alternative Finance Provider

Dry cleaner alternative finance from PDQ-Funding. We have an understand that small business loans can sometimes be the foundations of any successful company. Working across a range of industries and sectors to offer merchant cash advances. Dry cleaner alternative finance is one of our stronger areas of funding. Flexibility, convenience and speed to get funds out of the door to help you invest. This could be on equipment, employees or premises with our small business loan to help build your dry cleaning business.

How Business Finance help Dry Cleaners

Dry Cleaner Alternative Finance

Dry Cleaner Alternative Finance

The sector is changing, with the latest development like the App “aundrapp” which is aiming to revolutionise the laundry and dry cleaning industry. Small independent operators in the dry cleaning industry can compete with the larger industrial players. Sadly this requires investment in innovative new ways to expand the customer base and improved customer service. Using PDQ Funding’s dry cleaner alternative finance option such as a merchant cash advance. The business can gain the required funding to make the investments needed. This will constantly keep your dry cleaning business ahead of the competition.

Our Dry Cleaning Business Finance Solution

Searching for funding for your dry cleaning business? The banks may have turned you away in the past or their strict lending criteria may have put you off from applying. Our dry cleaning alternative finance solution can be tailored specifically to meet your businesses needs.

With a Cash advance from PDQ Funding your business can borrow between £5,000 – £200,000 in unsecured business funding. Repayments are made and repaid at a pace that suits your business. Simply pay back using an affordable percentage of your daily card takings. No interest is payable on the amount borrowed.

Alternative Dry Cleaning Business Loans

Dry cleaners can struggle to get traditional funding from a bank, but we have a perfect finance option for a dry cleaning business. Alternative finance is loans affordable and has a place in todays modern business world. The funding can provide financing in 48 hours for any small business that uses a card payment terminal to take credit and debt cards as payment.

Merchant Cash Advances for Dry Cleaners:

  • £5k – £200k to grow your dry cleaning business
  • PDQ Cash Advances from your Card Payment Terminal
  • 6 months of trade needed to gain a Merchant Advance
  • Repayments from 7% of future card transactions
  • Monthly average card turnover of £5K required

Eligible for a Merchant Cash Advance?

Dry cleaning business that uses a card payment terminal machine to process customer sales. This is one of the prerequisite requirements to be eligible for a merchant cash advance. The business must be able to demonstrate a consistent level of monthly cash inflow of about £5,000 per month or more. The last 6 months of card payment statements will also be needed.

Do you think your business could grow with an alternative finance solution? Simple complete the online enquiry form and a specialist will contact you to discuss your options.

GET A QUOTE

 

 

By | 2018-12-18T11:32:45+00:00 December 18th, 2018|Merchant Cash Advance for Dry Cleaners|0 Comments

Top 4 Tips to Grow and Develop your Retail Business

Developing your retail business today has changed from 10 years ago. The retail landscape of the industry has changed altogether. Not only has there been a huge increase in high street retailers, but also the huge influx of online retailers entering the market. This all has has made this industry one of the most competitive in the UK and small independent retailers need all the help they can get.

Small independent retailer, online business or experienced retailer, our 4 top tips can assist you in staying ahead of your competition and develop your retail business. The dream of starting a retail business can easily become a reality. It may take a lot of initial work as you start your own business, but with the right planning anyone can achieve their goals. The following steps to starting a retail business should be used as a guide before you open your store.

Customer Retail Experience

Develop your Retail Business

Develop and Grow your Retail Business

Not only do you need to offer quality products at a fair price, but you need to understand the value in your brand and offer a fantastic customer experience. This is delivered thought the shopping experience and design of your shop, your staff’s attitude, technology or service. Every business is different and needs to identify their unique selling point other than just what products they sell or price. As a retailer, you don’t want your store to become one of those lackluster shopping experiences. In a recent study, I found that customers were more concerned about the experience in the store than the price! They preferred in store shopping, but shopped online because the experience in the store was not worth the drive,

Communicate with Existing Customers

Every business knows that selling to existing customers rather than new ones is a much easier process. This is no different to the retail industry as customers have already have bought in to your brand.  You can create a great experience for your customers, from that experience you would expect them to return. If you don’t keep in regular contact with them how will they now about your latest promotions. If you collect contact details like an email or mobile number from customers, you can send out newsletters, promotions, events and more. A CRM Systems while help with this task and help grow as well as keep you in regular contact with your customers.

Get your Retail Business Online

This is probably one of the most revolutionary tools that business owners can take advantage of to develop your retail business. Gone are the days where your target audience is the local Town, City or even Country, the online market place enables businesses to become global companies, selling to consumers/businesses around the world. If you can create a website that has the same customer experience as your outlet, you can increase your customer base 10 fold. E-commerce offers many ways retailers can reach consumers and conduct business without the need for a brick and mortar storefront. Today, it’s almost economic suicide for any retailer not to be able to sell online. However, before you enter the world of e-commerce, be familiar with the advantages and disadvantages of selling online.

Cash Flow Management

Cash flow management is important to any business, but more so in the retail industry. Due to major expenditures such as stock, rent, employees as well as seasonal changes and market up and downs. Cash flow is the blood of the retail world. Without working capital and the cash coming in, there can be no marketing, no product and no employees. Be sure to keep up to date with the management of cash flow. Budgets need to be put in place for each quarter and create sales objectives to hit each month and quarter.

Finance for your Retail Business

The last but most important tip! finance. Due to the heavy reliance on major expenditure, retailers should identify an easy to use external finance facility early on. Whether that is to ease cash flow through challenging times, an injection of capital to assist with stock orders. Finance can make a  business grow! finance can also make the difference between failure and success. Business Cash Advance for Retailers are a good stepping stone to get working capital in quickly. Top 4 Tips to Grow and Develop your Retail Business

By | 2018-12-15T15:38:02+00:00 December 12th, 2018|Tips to Grow and Develop your Retail Business|1 Comment

Alternative Funding for your Hospitality Business

PDQ Funding provides alternative funding for the hospitality business. The hospitality industry always has a hard time when trying to raise finance. We support businesses like yours with unsecured working capitals. If your business is a pub, bar, bed and breakfast, restaurant or hotel, many traditional lenders like the hight street banks see much of the hospitality sector as high risk. This high risk results in many applications from the sector being declined through traditional finance streams.

Business Cash Advances for the Hospitality Sector 

Alternative Funding for your Hospitality Business

Business Loan Advance for your Hospitality Business

Over the last few years there have been many new alternative lenders that are specialising in the funding of the hospitality sector. This allows business owners to access unsecured alternative business funding when they need it most. More traditional lenders will require business plans and cash flow projections to secure funding. Most high street lenders also require personal guarantees to secure the finance.

New lenders such as PDQ Funding have entered into the market to offer alternative funding for your hospitality business. The allow a more flexible in the way their underwriting process works. Instead of looking for business plans and a long established trading history. Funders now look for businesses that have the ability to generate healthy turnover. To qualify for a business loan advance the business needs to have been trading for minimum of six months. The business also needs to take a minimum of £5,000 in monthly card sales.

PDQ Funding have supported different types of business with alternative funding in the hospitality sector over the years. Business cash advance for restaurants and business cash advances for public houses are two types of business we have supported with alternative funding.

Whether your hospitality business is looking to;

  • Purchase new equipment
  • Expand the business
  • Open up a new location
  • Marketing campaigns
  • Ease cash flow through seasonal decreases

Receive Alternative Funding in 48 Hours

The application for a cash advance from PDQ Funding is very simple, funding can be in your bank account within 48 hours. Due to funds being unrestricted, working capital can go towards any business expenditure. Business cash advances are generally offered with an agreed repayment amount upfront. Cash advances of £20,000 could have an agreed repayment of £24,000.

The amount of time taken to repay the money is less clear, with repayments linked to your revenue. This can make an APR comparison slightly tricky but is counterbalanced by the certainty of cost upfront. Repayments are generally set as a fixed percentage of revenue through PDQ terminal card terminal. A merchant provider will share with the lender all the information the require for the application to provide.

Repayments of the Hospitality Cash Advance

Alternative funding for a hospitality business cash advance, there are no fixed payment terms. The cash advance can be structured in numerous ways, making it extremely flexible. The advance is 100% of your monthly credit and debit card transactions. This is automatically collected and a small percentage from your card sales is taken until the amount gets repaid.  This is what makes a merchant cash advance perfect for hospitality businesses, as they have seasonal cash flow.

The application process of a business cash advance for the hospitality industry is easy and fast. This can be completed within minutes and you can expect the working capital within 48 hours. Not the same can be said for a business loan!  applications for loans is a lengthy process and can take a couple of days or weeks to finalise.

Merchant Cash Advance have a pre-agree total amount that needs to be repaid, without specifying a term. To calculate this amount, we use a factor rate, starting at 1.15. Our factor rate we use is subject to underwriting. Because you repay via a small percentage of future card transactions, there is no fixed monthly repayments or a fixed schedule of repayments.

Working example of a cash advance:

  • Monthly card terminal turnover: £15,000
  • Cash Advance amount: £15,000
  • Factor Rate: 1.2
  • Total amount repayable: £18,750
  • Collection rate ( per transaction): 12%

Apply for Alternative Funding for your Business

All UK based Limited Companies, Sole Traders and Partnerships are welcome to apply for alternative business funding. Flexible finance solutions is offered to all the hospitality sector. If you feel that we can support you with alternative funding for your hospitality business then please complete the online enquiry form.

GET A QUOTE

 

By | 2018-12-17T21:57:46+00:00 December 11th, 2018|Alternative Funding for your Hospitality Business|0 Comments

Alternative Funding Options for your Gym

Alternative funding options for your gym, if your customers pay you via card terminals. A Business Cash Advance is a good fit.  This product fits perfectly with your Gym business model. Seeing that many traditional lenders such as the bank see much of the gym or fitness sector as high risk. Business funding can be hard to come by through these traditional methods. Here is a funding solution for your gym that can be in place within 48 hours. It delivers a cash sum based on future card sales, generally up to a month’s revenue. 

Gym Business Loan

Alternative Funding Options for your Gym

Alternative Funding Options for your Gym

Over the last few years and influx of alternative business cash advance lenders have entered the market with a different approach to the way their underwriting process works. Instead of looking for business plans and a long established trading history. Lenders are now they looking for businesses that have the ability to generate healthy revenues and maintain growth. To qualify for business cash funding you only have to be trading for a 6 months, and take a minimum of £5,000 in monthly sales.

Whether you are looking to;

  • Purchase new equipment
  • Employ new staff
  • Open up a new location
  • Marketing campaigns
  • Ease cash flow

PDQ cash advances support your gym business with the alternative funding options it needs for growth.

Due to funds being unrestricted, the capital can go towards any business expenditure, or even for working capital to ease cash flow problems over tricky periods.

The application process is very simple, and funding can be in your bank account within 48 hours. Unlike traditional bank loans where bricks and mortar are used to secure the loan, there are no fixed charges put over assets. No Personal guarantor are needed be to signed by shareholders or directors.

Business Cash Advance Eligibility For Gyms

Any gym business that uses a card terminal machine (also known as a PDQ or Chip and Pin machine) to process customer sales, in theory could be eligible for a business cash advance.

If you can demonstrate a consistent level of monthly cash inflow, usually 6 months of card payment statements will suffice. Businesses are a perfect fit for this product as they experience a high volume of monthly transactions.

There are various ways in which you could use your business cash advance, such as improvements to your gym or studio.  Obtaining new gym equipment, boosting your inventory or cash flow or even managing debt payments. Whatever you need the funds for, business cash advances could be the financing tool for your business.

If you feel our alternative funding options for your gym may support your business for growth please feel fee to complete the online enquiry form.

GET A QUOTE

 

 

 

By | 2018-12-14T13:38:22+00:00 December 10th, 2018|Alternative Funding Options for your Gym|0 Comments

Finance for Garages & MOT Centres

Working capital is the oil for any garage business but you may have been unable to secure finance for your Garages or MOT Centres. PDQ Funding are here to help. We specialises in providing business finance solutions to garage businesses without the hassle. Our funding products are tailored to your garage & mot centre business model. No business plan is required for get approval for our cash advances.  Simply apply with your recent PDQ card payment terminal statements and receive an approval decision in 48 hours.

Garage Business Loan

Finance for Garages & MOT Centres

Finance for Garages & MOT Centres

Independent garage businesses and MOT service centres throughout the year face cash flow challenges due to unexpected expenses or opportunities for growth. These needs can be met by garage business owners look to traditional lenders for financing. Tightened regulations and lending criteria has forced banks to call for stricter financial management and years of experience need to gain funding. Today it is harder than ever to get approval for unsecured funding for your business. MOT Centre and Garage business owners are now seeking alternative types of business financing to meet their needs.

MOT centres that has been unable to access and secure business financing through more traditional means can still qualify for financial assistance. Small business cash advances from PDQ Funding have been voted The Best Merchant Cash Advance Provider 2018. They are also one of the UK’s fasting growing cash advance funders. Unlike traditional business loans from the bank, the working capital advance we provided can be in place in as little as 48 hours and can be used for any business expense.

If you have not been sold on the idea of a cash advance from PDQ Funding for your garage, here are a few advantages to it. One of the main benefits is your repayments are dictated by your business’s cash flow. Providers of affordable financing solutions to meet your business needs.

Garages & MOT Centres Funding

  • Quick, convenient funding access – The merchant finance approval process is fast. Lenders are able to make a decision and deliver the payment advance usually within days.
  • Flexible funding and repayments – Repayments are based on future sales so if you are expecting a quiet period, you will pay back less.
  • Fixed agreement with no APR – Instead of an annual percentage rate which is common with loan repayments. Merchant finance agreement uses a factor rate as a percentage of your future card sales.
  • Funding without collateral – No security or personal guarantee required. A positive record for over 6 months of trading, showing monthly card transactions of £5,000 per month.

To qualify for a Merchant Cash Advance:

  • You must take card payments.
  • You have been trading for 6 months or more.
  • Your monthly turnover with card payments must be at least £5,000.

If your answer is yes to all of the above, your garage business could receive funding from £5,000 to £200,000 in just a 48 hours.

Any MOT Centre or garage business that uses a PDQ card terminal to take payments from customers can get a cash advance. Merchant cash advances lenders work with the card terminal provider. This gives the lender a total understanding of the amount of transactions going through that business. With this in mind, unlike other types of borrowing there’s no need for credit checks or checks on the business.

The application process is simple!

  • Fill in our enquiry form.
  • We will contact you to discuss your application further.
  • If successful you could get an instant quote and approval within 24 hours.
  • Get funded and access your money in just a few days.
  • Repay the loan as and when you get paid.

GET A QUOTE

By | 2018-12-14T11:55:40+00:00 December 10th, 2018|Finance for Garages & MOT Centres|0 Comments