Merchant Cash Advance

/Merchant Cash Advance

Merchant Cash Advance from £5K to £200K with PDQ Funding

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.

£5k to £200k with a 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 from £5k to £200k

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.

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By | 2018-11-19T12:22:36+00:00 November 19th, 2018|Merchant Cash Advance|0 Comments

Merchant Cash Advance Manchester

Merchant Cash Advance Manchester is a provider of alternative unsecured business funding to the businesses and SME’s of Greater Manchester. PDQ Funding has offer unsecured business funding to all types of businesses who use a card payment terminal. Alternative business funding solution with no APR or a fixed-term repayment this is what a merchant cash advance is about.  Flexible monthly repayments that mirror the cash flow of your business, so you only repay when you take payments via your card payment terminal.

Unsecured Business Funding In Manchester

Unsecured Business Funding in Manchester is offered via our merchant cash advance product. A merchant cash advance are a quick, simple and easy alternative to conventional bank loans. You could receive a business funding of between £3,000 and £200,000, which you can use for any of your business requirements. A merchant cash advance is a funding option available to your business, the amount you can advance is based on your future credit and debit card sales. It’s repaid flexibly via a pre-agreed percentage of the business’ card transactions, usually about 15% per transaction.  So it will never interrupt your cash flow and late payments will never happen. This funding product is ideal if you run a seasonal Manchester based businesses. If your cash flow isn’t as strong in the quieter months, this financial product is perfect as you make repayments relative to your businesses income. The merchant cash advance is totally unsecured so your home will never be at risk. There are no restrictions on how you spend the funds. the working capital can be use it to expand the business, take on new staff, the list is endless.

Unlike business loans, merchant cash advances technically don’t have an interest rate or a set repayment period. Instead, a percentage of all your credit and debit card sales is taken, until you’ve repayed the outstanding balance and the fee’s which had been agreed.

Benefits Of A Merchant Cash Advance:

merchant cash advance manchester

Merchant Cash Advance Manchester

  • Application takes minutes for £3,000 – £200,000 we aim to get a decision in 24 hours
  • Your business only pays back when you make a sale
  • Quotation of costs agreed upfront (no APR)
  • Top-ups available after 4 months
  • No hidden fees, charges or additional costs
  • No monthly late payment penalties
  • Just under 90% of Manchester businesses are approved for a merchant cash advance

How Does A Merchant Cash Advance Work

Merchant loan advance Manchester is an advance of future business taking from your card payment terminal. Using future credit and debit card sales and you’ll repay via a pre-agreed percentage of your future PDQ Machine transactions. The cash advance repayment is directly linked to card takings, the business will only make repayments on the cash advance when it makes sales via the card payment terminal.

Manchester based business can Qualify for up to 100% of its monthly card transactions. For example, a business that say on average takes £15,000 per month through its PDQ card machine, the company could qualify for an merchant cash advance of £15,000.

PDQ Funding are one of the largest Merchant Cash Advance companies in the UK. We pre-agreed a total amount of what needs to be repaid this is sent via a written quotation for your reference. To calculate this amount, we use a factor rate, starting at 1.15. The factor rate we use is subject to underwriting. Because you repay via a small percentage of only your future card transactions, you won’t have fixed monthly repayments or a fixed repayment schedule.

Example costs for a Merchant Cash Advance:

  • Monthly Card Machine Takings: £15,000
  • Cash Advance Amount: £15,000
  • Factor Rate: 1.2
  • Total aAmount Repayable: £18,750
  • Collection Rate: 12%

Merchant Cash Advance Manchester, How Do We Apply?

PDQ Funding offer flexible funding solutions for all UK businesses as well as business based in Manchester. We have funded the following Greater Manchester based businesses: retailers, restaurants, hotels, public houses, hairdressers, beauty salons, service providers.

Should you like to know more about Merchant Cash Advance Manchester and its costs, please complete the online enquiry form. Once we have received it a Manchester based funding solutions expert will contact you by return.

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By | 2018-11-15T12:44:54+00:00 September 8th, 2018|Merchant Cash Advance|0 Comments

What is a Merchant Cash Advance?

What is a Merchant cash advance? it is a new innovative alternative business financial way for a business to acquire financial funds. Also known as business cash advances this financial option allows the business to have money in return of a percentage for future credit card & debit card sales. The cash advance allows you to obtain an advance of funds that will regularly flow through the business PDQ Machine and merchant account.

What is a Merchant Cash Advance?

Every business owner runs into the need for working capital from time to time. But where do you go to get it, especially when your bank won’t even consider your funding request?  There is a finance solution for businesses that take credit cards & debit card payments. In fact you could get cash from the sales you haven’t even made yet.  Turn tomorrow’s credit & debit card sales into today’s  cash flow. There is no faster, safer or easier way to get funding for your business. This product should be used as a short term funding solution as the cash advance is only advanced to a maximum of 24 month.

Is a Merchant Cash Advance a Loan?

A merchant cash advance is not a loan, but rather an advance based upon the future revenues or card sales of a business. A small business can apply for a merchant cash advance and have an advance deposited into its business account fairly quickly.

what is a merchant cash advance?

Merchant cash advance providers in the UK evaluate risk and weight credit criteria differently than a traditional high street bank lender might. A cash advance provider looks at the daily credit card receipts to determine if the business can pay back the advance in a timely manner. Basically the small business is selling a portion of future credit card sales to acquire capital immediately for your business.

Rates on a merchant cash advance are typically higher than other small business loan options provided by mainstream lenders. An Merchant cash advance provider will often approve an advance for a business that might not qualify for a business loan. The business must has a steady stream of credit card payments. Any business owner considering this option should make sure he or she understands the terms being offered so they can make an informed decision about potential ROI.

How Does a Merchant Cash Advance Work?

It works through an agreement set by the provider and the business, once the agreement is set the outlay of the merchant cash advance such as the payback, advance amount, and holdback percentage will be discussed and an agreement between both parties will be made.

When the agreement is made, the advance is transferred to the business’ bank account in exchange for a future percentage of receivables or credit card receipts.

After the agreement has been made you business agreed on the percentage of revenue through credit card purchases are withheld according to agreed the percentage. The withheld percentage will pay back the merchant cash advance borrowed. This practice will continue until the advance has been paid. Access to a business owner’s merchant account eliminates the collateral required for a traditional small business loan.

The repayment percentage is a daily balance from the account, meaning that the more payments made (transactions) the faster the advance is paid off. This rule also applies if the business has fewer transactions in a particularly slow term, the balance will still be getting paid but within less time. Meaning the business pays back the advance that is tailored directly to the business intake of merchant cash deposits.

What happens with the repayment costs on a merchant cash advance?

A business that uses a merchant cash advance, according to several merchant advance provides, may pay back 10%-20% of the amount borrowed. This percentage is frequently displayed as a factor rate, which would equivalently be 1.20 – 1.40.

NOTE: There’s a difference between the holdback amount a small business pays every day (as a percentage of their receivables) and the repayment amount for the entire advance. There could, for instance, be a holdback of 10%, and a repayment of 20%, so it’s important for the business owner to understand the distinction.

Is a Merchant Cash Advance Right for My Business?

Merchant cash advance is perfect for the business wanting quick access to funds if you are looking for capital contact us today via our form here. Credit requirements are typically less than a small business loan, it could be an option for a business that does a lot of credit card transactions every month but has a weak credit profile.

Like to know more about what is a merchant cash advance? its so simple. Complete the online contact form to get in touch, our representatives are experienced in merchant cash advances so are here to talk you though the process. Helping business every day in understanding what is a merchant cash advance.

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By | 2018-10-23T09:10:57+00:00 March 10th, 2018|Merchant Cash Advance|1 Comment

Introducing merchant cash advances

Merchant cash advances is an alternative finance solution allows business based in England, Scotland, Wales and Northern Ireland to raise finance using the receipts from card processing terminals as security for the borrowing facility.  If you have processed debit card and credit cards for more than 6 months, then you are potentially eligible for an immediate cash advance of £3,000 – £200,000. 

How can merchant cash advances help your business?

Merchant cash advances are continuously rising the bar within the business finance market, due to the simplicity of obtaining one. Here are some ways in which they can stand to support your business:

  • Flexible, fast cash rewarding business successMerchant cash advance facilities can serve as a vital countermeasure for businesses operating in the hospitality, fashion retail, automotive servicing and leisure sectors. If your business relies on a card terminal to take payments from customers, then you could receive an advance which is in line with how your business is performing. The process of applying for and securing a merchant cash advance is not as rigorous or complex as a conventional loan, with the speed of approval tending to be much quicker.
  • Credit score in progressWhen initially commencing their operations, many smaller firms need time to build their credit score to a favourable enough level for loans and other funding solutions yet simultaneously necessitate funds to ensure their survival. Take a retail business opening its first high street or online branch; once this branch has started to bring in a regular healthy cashflow, it might seem more logical for the business to pursue a merchant cash advance then rather than having to wait for its credit score to rise for a loan or another facility.
  • Update your financial transaction systemsMerchant cash advances might alternatively factor into a business overhauling its transaction methods this year, moving from increasingly outdated payment modes such as cash-in-hand or cheques to accepting credit card for the first time. Since operating card machines can incur additional costs come the end of the fiscal year, any firms opting to do so may feel safer in the knowledge that they’ll have an additional source of funding – effectively a new line of credit – to prevent their bottom line from suffering.
  • An unsecured alternative funding solutionPerhaps the most attractive aspect of merchant cash advances lies in their offering another option to those businesses who’ve explored cashflow solutions like traditional bank loans and overdrafts. Merchant cash advances may appeal to you, particularly if you would rather not put forward collateral. For example, a fledgling construction firm can’t necessarily risk offering any vehicles owned as security at such an early stage in its development, nor a retail firm its stores or office buildings. Instead, then, they can use a merchant cash advance to gain funding and repay this through their credit card systems as opposed to assets which they can’t afford to lose and / or at a later stage may wish to sell onto other businesses.

Why use merchant cash advances over a business loan?

Even though business loans have been a popular choice for funding because of the overall lower costs, merchant cash advances are proving to be a better solution for some businesses as these are easier to accrue than traditional bank borrowing.

Business loans have stricter eligibility requirements, and in months with slower sales, you still owe the full monthly repayment. Especially for those businesses where the card transactions vary from month to month or from season to season, the cash advance can be the perfect solution.  The main benefit is that you repay at your own pace. Or to be precise, at the speed your business grows. Because repayments rise and fall with your sales, you’ll never need to worry about being short at the end of the month. And because there’s no fixed term for the repayments, there’s never any pressure. Business cash advances are a safer alternative to business funding because there is no such thing as a missed payment.

Type of businesses that use merchant cash advances

UK based limited companies, sole traders and  partnerships. We offer flexible finance solutions for all UK based businesses. Merchant cash advance for restaurants, hotels, public houses, hairdressers, MOT service stations, beauty salons, are just a few types of business we have provided unsecured business funding too. Companies use our product for all sorts of purposes, from bridging short-term cash flow gaps to purchase stock or refurbishments.

If you and your business would like to know more about merchant cash advances please complete the online form for more information, and a funding adviser will contact you by return.

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By | 2018-10-29T13:17:24+00:00 March 6th, 2018|Merchant Cash Advance|0 Comments

Compare Merchant Cash Advance UK

Compare Merchant Cash Advance UK is a innovative products in alternative business finance but we compare the right merchant cash advance for your business, saving UK Business owners time and effort. Business Cash Advance has only existed for a few years in the UK, but it’s already proving very popular with retail businesses and the hospitality sector. Compare merchant cash advance UK uses your card terminal to ‘secure’ lending — perfect for businesses without many assets. A business needs to have a good volume of card transactions every month. Repayments are then taken as a proportion of your revenue, making it a quick and easy funding solution for many SMEs.

Compare Merchant Cash Advance UK

Raising working capital can be a challenge for a lot of UK based small businesses for many reasons, turnover, credit history this list is long. You may not fit in the right criteria that is needed right now to apply for a bank loan. You may not have been in business long enough for a bank to view your companies credit record, usually two years minimum. The strong business plan you may have submitted to the banks lending officer have may simply seem too risky to the bank as you have no security. What many business owners don’t know is how to use alternative business lending to finance their businesses.

A merchant cash advance is an unsecured finance option that is generally short term and quite flexible. It is used for cash flow management, growth, refurbishment or purchasing stock.

Loans are offered with an agreed total amount repayable. This figure is based on your business’ annual revenue to ensure repayments are manageable and you only pay as you earn. With a merchant cash advance, repayments are generally taken as a fixed percentage of revenue through PDQ terminal payments.

Compare Merchant Cash Advance UK

Compare Merchant Cash Advance UK

Benefit From a Merchant Cash Advance UK?

This type of finance suits any business that regularly use PDQ transactions, such as those in retail, ecommerce or hospitality. Repayment time is dependant greatly on the amount of revenue you earn – making APR comparison difficult.

If you choose not to use bank funding for whatever reasons, a merchant cash advance can be a good idea.  These are seen as a fast and flexible form of alternative business finance, with most borrowers receiving a lending decision within 24 hours of applying.  The way a business cash advance works is that a business owner applies for a certain amount of credit, and then is required to pay the money back when it starts making sales.  So, in effect, you are receiving a business cash advance that is repaid through transactions in the future.  Merchant cash advances of up to £200,000 have been know to be advanced to companies in the UK.

The amount you can borrow will be based on your revenue, but generally you can borrow anything up to £150,000. Unlike most loan solutions, the repayment amount is decided upon beforehand. An example for instance, for a £10,000 loan could have an agreed repayment of £13,000, and the amount of time this takes to pay back will depend on your revenue.

Compare merchant cash advance UK will save you up-to 20% by using our comparison service.  Every funder is different, most are set to different sectors, some like retail, some like hospitality. As a leading merchant cash advance broker we get preferential rates that will save you up to 20% on your business advance.

Get Business Funding with PDQ Funding

PDQ Funding is an alternative business loan funding solution provider that offers to compare merchant cash advances UK. Business owners are given some much-needed liquidity in their businesses and a comparison of merchant cash advances. This money can then be used to pay for expenses like payroll or bills and is an excellent way to reduce debt in the short run.

Lenders base your ability to repay them on your history of cash flow, namely the amount of sales that goes through your card machine each month. If you want to have a cash advance of £5,000 you need credit card & debit card sales of £5,000 per month. This funding solution is a good choice for those who have an established business say six months and over, so new starts are sometimes left out!

We will work with you to find the best lender to fit your business, time to repay, cost and customer satisfaction. Please feel free to contact the compare merchant cash advance UK team should you need more information.

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By | 2018-11-10T11:33:05+00:00 February 22nd, 2018|Merchant Cash Advance|0 Comments