Merchant Cash Advance

/Merchant Cash Advance

Cash Advance to grow your Retail Business

As a retail business owner you know that cash is vital for the business. A cash advance can help grow your retail business. Businesses that don’t have funding stagnate!  Suppliers cannot get paid and the growth of the business will come to a stall. Capital starved small retail businesses are turning to a number of alternative funding options to grow. Next alternative products like Business Cash Advances have arrived for the retail sector.  The retail business receives a lump sum in exchange for a small percentage of its future card takings.

Retail Business Funding Options

Cash Advance to grow your Retail Business

Cash Advance to grow your Retail Business

Whether your retail business is a clothing store, shoe shop, boutique or corner shop, or online retailer, finance has become readily available to the retail industry. Business Cash Advance lenders are not so dependent on immaculate personal and business credit history. The need for business plans or projections have long gone! Lenders look to view funding on past performance and the businesses ability to generate a fair turnover. Retail business always have season peaks, business cash advance is the perfect fit!

Cash Advance to grow your Retail Business is a quick injection of capital of £5,000 – £200,000. Our retail clients are then able to facilitate future plans within their businesses. A business cash advance is not a loan but a pre-purchase of your businesses future card sales. The merchant provider secures the right to retrieve a portion of your future card sales each month. Your retail business will receive a lump sum that is paid at the outset of the agreement. The business will repay less when things are slow and more when business is flourishing.

Cash Advance for Retail Growth

The other key benefit of the retail cash advance is the speed and simplicity of the application and approval process.  We advise all our clients within 24 hours whether the applicant has been approved.  This makes a speedy and quick process to ensure you can received the funding you require. Cash Advances for retailers offer business owners the unsecured funding they need in a faster and easier fashion.

Retail funding up to £200,000 is available with a maximum term of 18 months.  Funding package are tailored to each retail customer’s individual business needs, enabling them to grow their operation efficiently.

Business Cash Advances can been used to;

  • Carry out Refurbishments
  • Open a new shop
  • Purchase additional stock
  • Marketing for the business
  • Ease Cash flow issues
  • Hire staff and ensure they get paid
  • Pay HMRC.

What do I need to apply?

The documentation required for a cash advance is minimal. We need the following information:

  1. A copy of your last 6 months’ merchant statements. 
  2. Completed application form 
  3. Proof of ID
  4. Your bank details 

Do you think your retail business could use a cash advance? The process is so simple to get started. Simply complete the online enquiry form and a funding specialist will contact you by return.

GET A QUOTE

By | 2018-12-17T20:52:43+00:00 December 15th, 2018|Retail Business Cash Advance|0 Comments

Funding for Coffee Shops and Cafes | Coffee Shop and Cafe Funding

Funding for Coffee Shops and Cafes in the UK has always been neglected by hight street lenders. This is provably due to most accepting cash, times are changing and card payments are on the rise. As more Coffee Shops and Cafes take card payments and customers are more and more becoming cashless, lending seams to have come up with a solutions for these types of business. Business Cash Advances are an alternative type of borrowing for Coffee Shops and Cafes.

Funding for Coffee Shops made simple

Funding for Coffee Shops and Cafes

Funding for Coffee Shops and Cafes

A Coffee Shop or Cafe business that processes £10,000 per month in credit and debit card sales, is eligible to receive £10,000 in an unsecured business cash advance The fixed repayments are based on your monthly card sales and there is no APR or fixed-terms. As a Coffee shop owner you can borrow from £5000 up to a maximum of £200,000 for any purpose. The funding can take up-to 48 hours to be in place, but approval is within hours.  The repayments are made with future card sales so the business cash sales are not affected by this at all so you keep 100% of cash income.

A cash advance can react to the predicaments commonly faced by small business in the UK. Problems such as unexpected bills and cash flow demands.

Flexibility compared to traditional Coffee Shop Loans 

Flexibility is key for the funding of Coffee Shops and Cafes. Historical credit & debit card sales are viewed and used to work out with you a comfortable repayment percentage on your daily sales, this is usually around 7%. If you have a quiet month you pay back less but if you have a better month you pay back more – It’s all linked to your daily card transactions and repaid automatically. Every business is unique so we tailor it closely with what you can afford.

The Approval Rate is High. PDQ Cash Advance do not involve strict credit requirements, complicated contracts and extensive documentation. Since merchant cash advances for coffee shops are not based on personal credit, time in business or financials, the approval rate is high.

Easy Application Process. A commercial loan can take weeks or even months to finally be processed. A merchant cash advance, on the other hand, can be available within the same week that the application is processed.

Will my Coffee Shop or Cafe qualify for Funding?

A Coffee Shop or Cafe business needs to be a UK registered company, Partnership or Sole Trader with 6 months or more trading history. The businesses monthly credit & debit card turnover of at least £5000 a month.

If your Coffee Shop or Cafe have been rejected by your bank for funding don’t worry, over 90% of applications get business funding with a Merchant Cash Advance for Coffee Shops. Simply complete the online enquiry and a funding specialist will make contact with you.

GET A QUOTE

By | 2018-12-04T22:03:50+00:00 November 29th, 2018|Funding for Coffee Shops and Cafes|0 Comments

What is a Business Cash Advance? | Business Cash Advance Companies

A Business Cash Advance, commonly referred to as a Merchant Cash Advance. It is an alternative unsecured cash advance that takes its repayments by deducting them from a PDQ card payment terminal. The cash advanced amount that can be obtained through a business advance is calculated by the lender. The lender will use the card transaction revenue as a guide to assess affordability.

Leading Merchant Cash Advance lenders

Merchant Cash Advance lenders in this alternative funding space will advance up to 100% of a businesses monthly card revenue. 

The cash advance lender will then add their interest for the term of the loan. The term of the advance is up-to 18 months to give the total amount repayable. Lenders will analyse the business merchant statements and calculate what percentage of your total revenue through card sales should be set aside to make the business cash advance repayments. This is repayment taken on a daily, weekly and monthly basis. this amount is typically between 5% to 17% of your card sales.

These types of unsecured borrowing are ideal for retail-based businesses such as shops, public houses, restaurant and hair salons. These types of business have a constant flow of income through their card payment terminals. This cash advance product is ideal for small businesses that require short term business funding. It is offered without the mountains of cash-flows, working projections and guarantees required by some high street lenders.

How do Business Cash Advances work?

What is a Business Cash Advance?

What is a Business Cash Advance?

Once the business gets approved for a Merchant cash advance, the funding amount requested will be credited to the business bank account. In most cases, you can expect funding to be in your bank within a week, if not sooner.

PDQ Cash advances are repaid back through your future card sales. If you don’t have much in the way of security or if your business has does not have a great credit report not a problem! If the business has a good flow of sales through credit and debit cards, this can be the right funding deal for you.

Merchant cash advances are structured differently compared to business loan. You are exchanging future sales for business cash now. Payments are not made every month or every quarter like a traditional business funding.  The merchant advance provider takes an agreed amount right out of your daily credit and debit card sales. As stated above this amount will be between 5% to 17% of any future card transactions.

You can expect the merchant cash provider to put together terms that will make repayments of the advance between 6 and 18 months this is so because it is classed as a short term loan.

Once a 1/4 of the original amount has been repaid you can request another cash advance. This is a kind of top up loan which we be of the same amount originally requested.

How does my Business apply for a Cash Advance?

In these quick moving times things are different namely because when a company is looking for finance, traditional banks take far too long to respond. The process of making an application is a long process in which time the business will need urgently working capital. It is important to consider whether or not it is worth spending thousands of pounds to have a business plan drawn up by accountants. Much of the time and cost spent gathering the supporting evidence for the business plan, probably be better spent being reinvested into the business.

Business Cash Advances are designed to fit around the businesses working cashflow. This being the case they are therefore priced much more competitively than business loans. The sum that can be advanced for business is up-to £200,000 on one application, sometimes the total advance amount may be raised.

The process to gain business funding is so simple because of the simplicity and structure of the product. To start the process simply complete the online enquiry form. Once this has been received a business adviser will make contact you.

GET A QUOTE

 

By | 2018-12-17T18:32:02+00:00 November 28th, 2018|What is a Business Cash Advance?|0 Comments

Merchant Business Loans | Merchant Account Cash Advance

Merchant Business Loans are an alternative form of business lending which uses future debit and credit card receipts as security. The principle of a cash advance is simple and quick to apply for. This is down to already having the required systems in place namely using a card payment terminal to accept payments from your customers.

Merchant Account Business Cash Advance

Advances for businesses are completed in as little as 48 hours with funding from £5,000 to £200,000. Credit & debit card transactions are used as a transaction to received business funding. This means you can pay back the cash advance through future card sales. Taking all this in to accounts simply means business funding is in place quicker than a traditional bank loan!

Cash advances for merchants are the prefect funding solution for UK based business that accept card payments. To be eligible for a merchant loan advance, the criteria is usually you have been in business for over six months. You must accept card payments with a value of £5,000 or more per month.

Benefits of using Merchant Business Loan for my business?

Merchant Business Loan

Merchant Cash Advances

  • Applications take minutes with funding from £5,000 – £200,000
  • Repayments are only made when the business makes a debit or credit card sale
  • All costs are clear with no added penalties
  • No up front fees
  • No penalty for late payments
  • 90% of UK businesses are approved for merchant business loan

Merchant business loans allow businesses to expand and can be used for a variety of reasons. Finance is available from a from merchant cash advance lenders allowing many business types and sectors to be considered for example : cash advances for pubs and bars. The funding is usually quick and easy to arrange, particularly in comparison to commercial high street bank loans.

A growing demand for merchant business loans has developed over the years since alternative funding products have landed on the UK market. SME businesses have found there is a lack of funding from high street banks that is available for existing limited companies, sole traders as well as partnerships, merchant loans fills this gap with advances of up-to £200,000. Unlike hight street bank loans these funds can be available within 48 hours and many clients will use them for short-term requirements multiple times.

Cash Advance for Business

Business that require working capital with a term time of up-to 18 months this product from PDQ Funding is perfect. The minimum requirements for business cash advances are :

  • Must have been trading for more than six month
  • Have a PDQ Card payment terminal 
  • Take credit and debit card payments of £5,000 per month

If you feel that a merchant business loan will benefit your business in terms of growth or working capital please feel free to view our website and leave your details on the enquiry form.

Once it has been received a cash advance expert will contact you and answer all your questions in regards to this product.

GET A QUOTE

By | 2018-12-09T21:41:34+00:00 November 27th, 2018|Merchant Business Loans|0 Comments

Merchant Cash Advance from £5K to £200K – Cash Advance Lenders

Merchant Cash Advance from £5K to £200K with PDQ Funding with a repayable term of up-to 18 months.  The cash advance is based on the value of monthly transactions passing through your PDQ card payment machine.  Repayment for the cash advance to merchants comes from absorbing a percentage of credit and debit card takings on each transaction. Unlike conventional loans there is no fixed sum repayments to be made each month. A fixed percentage of about 10% of each transaction is taken until the cash advance has been repaid.

Cash Advance for Business in 48 hours

Merchant Cash Advance from £5K to £200K

Merchant Cash Advance from £5K to £200K

Running a business is not an easy task, working capital is what is required to keep it operational and running smoothly. Taking card payments with a PDQ card payment terminal is one of the quickest ways to request payment. Requesting credit card and debt card payments for your business helps keep the cash flowing! it can also help raise and unsecured merchant cash advance amount of £5k to £200k in 48 hours when a cash boost is needed. Cash advances for business are flexible and work like an unsecured business loan. The unsecured amount can be used for any purpose within the business you require. The advance amount is calculated on your business card takings, if you take £10,000 per month with card payments, the cash advance for business amount is £10,000 of unsecured business funding.

What Types of Businesses can use a Cash Advance?

Restaurants

Restaurants can have significant ups and downs when it comes to cash flow. Due to this, many restaurant owners pursue merchant cash advances from 5k to £200k. Since most restaurants accept card payments, this product is a great fit. It coincides with the pace of a restaurant’s sales, so they aren’t remitting an amount that they can’t afford.

There are many ways that restaurants can utilise merchant cash advances for restaurants, from growth opportunities that you can pursue with a merchant cash advance include, offering delivery services and opening another restaurant location. Still, many restaurants utilise their cash advances for other needs outside of expansion. Many opt to use their business financing for purchasing inventory, meeting payroll, and paying rent or taxes.

Public Houses

Like restaurants, public houses can experience volatile business trends. If you own or manage a public house business that occasionally experiences a lull in seasonal sales, having added business funding could help you ensure that the public house remains operational. Since customers are more likely to pay for drinks and food with their credit cards, a merchant cash advance for public houses could be a viable option. Unsecured business fronting is available to the hospitality industry, most public houses and bars accept card payments. A merchant cash advance from £5k to £200k is a type of business loan to public houses and bars in the UK.

With merchant funding, your public house business can invest in inventory that customers appreciate. In the past, you might not have been able to afford reordering items that sold out. Once you receive a cash advance, you can comfortably restock inventory, and in-turn make more sales. In addition to paying for inventory, you could use your merchant cash advance to hire additional retail employees. This can be especially valuable during busy times, such as the holiday season.

Salons

When customers visit your salon for hair cuts and colours, nails, manicures, massages, and other types of pampering, they likely pay via credit card and debit cards. Due to the volume of these credit card payments, you could qualify for a merchant cash advance for salons!

Using an unsecured cash advance, you can update your salon equipment, hire additional technicians, or pay for new marketing materials. Having loyal customers is pivotal to the success of your salon. Business try to use their merchant cash advance in ways that will lead to customer satisfaction. Like the other industries mentioned, salon owners can use their merchant cash advance to afford consistent costs such as rent, inventory, and payroll.

How do we get a Merchant Advance

Cash advances from merchants are available from £5k to £200k, these funding products are really simple to access for any business that’s have a card payment terminal. The business needs to have been trading for at least of six month, and has taken card receipts of at least £5,000 per month.

The process is simple to. get started. Simple complete the online enquiry form, once it is received a funding options specialist will contact you by return and discus your options.

GET A QUOTE

By | 2018-12-02T21:54:06+00:00 November 19th, 2018|Merchant Cash Advance From £5k - £200k|0 Comments