If you need a cash boost for your hot tub company, there’s no better product than a hot tub business cash advance. You may have already contacted your local high street bank and found the process to be lengthy and outdated, failing to guarantee you the outcome you desire.
This is where our alternative business loan product will work perfectly for you. Small business loans provide a simple, low-cost way to borrow for your business. You can borrow for working capital, growth or expansion, and you’ll get fixed monthly repayments so you can plan with confidence.
These products have you, the Hut Tub suppliers and distributors in mind, who may not have collateral or meet some of the stringent requirements of traditional lenders. If you are faced with these challenges, we can assure you that Merchant Money can provide you with the perfect solution.
Business Loans for Hot Tub Suppliers
Traditional business loans are usually split into two types: unsecured business loans, which don’t require security and tend to have higher interest rates, and secured business loans, which are typically higher value loans more suited to growing businesses.
Business loans for hot tub distributors and suppliers offers business owners the opportunity to quickly receive a chosen amount of money in full upfront, which then gets repaid in monthly instalments with interest over a pre-agreed repayment period. You can borrow up to £200,000 to finance your hot tub business, and pay back the money over a 1 to 3 year period.
Business loans for hot tub dealers and stockists are unsecured, you don’t have to worry about offering security to our lenders through collateral, such as your stock or assets.
Instead of providing a lender with security or collateral, our unsecured spa loans often require a personal guarantee. Personal guarantees ensure that if your spas and hot tub suppliers defaults on loan repayments, you as the business owner or director become personally liable for repaying the borrowed money to the lender.
A legally binding agreement, it’s important to be aware of what a personal guarantee entails. With that being said, if you are satisfied with your businesses situation and confident loan repayments will be made on time, you shouldn’t feel fearful of signing the agreement.
With interest rates from 1.8%-7.4% APR, no upfront fee, and no repayments or interest to pay for the first 12 months, a Funding Circle small business loan can be much more affordable than a business overdraft or a business credit card. You can also take an unsecured loan without putting down property or assets as a security, and there’s no fee if you want to pay off your loan early in one go.
Business Cash Advance for Hot tub Distributor
This funding option is suited to businesses of all sizes, so whether you own a small or large business, you won’t be let down by our product. Our hot tub cash advance is an unsecured business loan, designed to be easier for you to acquire than a regular high street bank loan. This type of loan is flexible and has no requirements to secure any personal or business assets.
Hot tub companies are on the rise and there is now a hugely competitive market in the UK. This means many will seek out an alternative cash advance to get the upper hand on their competitors. This funding option is suited to businesses of all sizes, so whether you own a small or large business, you won’t be let down by our product.
Our hot tub business cash advance is an unsecured business loan, designed to be easier for you to acquire than a regular high street bank loan. This type of loan is flexible and has no requirements to secure any personal or business assets. Cash advance’s are calculated by how much your business can borrow by factoring in your monthly credit and debit card transactions.
The percentage of each future card sale that is repaid to your lender is agreed prior to the agreement of the loan. This means you’ll know exactly how much you’re going to be paying back with each sale that’s made. You’ll also know that you only start the repayments once you’re making sales from within your hot tub distribution business.
The simplest way of looking at it is that if your hot tub business has a tougher week than usual you’ll repay less. Therefore, you won’t be under the constant pressure of attempting to reach a certain level of profit each week. There are no hidden costs or fees, so you won’t be on the receiving end of a nasty shock. Working with one of the best business cash advance companies in the UK, PDQ Funding’s mission is to ensure you have the capital to expand and grow your business in 2020.
Business loans for hot tub & Spa distributors:
- Get £5k to £200k within 24 hours
- Pay back through your future card sales
- Unsecured – there’s no worries
- Same day funding to your business
Hot tub businesses are on the rise and there is now a hugely competitive market in the UK. This means many will seek out an alternative cash advance to get the upper hand on their competitors. To stay on track, you could apply for loan from PDQ Funding today. The application for a quote only takes a few minutes of your time, and a decision will most likely be made on that same day. This means that the money can be released to you, in most cases, within five days of you submitting your application.
We’ve helped businesses just like yours get the funding they need for:
- Training new staff
- Purchasing new stock or equipment
- Refurbishing premises
- Helping with cash flow
- Building a new website
- and even more
The hot tub business cash advance can be used for many different purposes. You may wish to use it to invest in new stock, move your business to a new location, or help to bolster the marketing that will gain you new clients, it’s entirely up to you. You can apply for a free, no obligation quote today and find out if your hot tub business qualifies for our services.
Spa distributors business funding
With our business funding, Spa distributors can expect within a time scale of 24 hours of completing their application to have the funding within their account. Once you have received the loan, the repayments will be made in monthly instalments, with interest rates included. The application process is carryout online and is quick and simple. The who application process just takes a few minutes.
Because the business finance offered by PDQ Funding for spa distributors is totally unsecured, a lender may request that you offer a personal guarantee. A personal guarantee simply ensures that the lender is repaid in full by the person offering a guarantee if the company defaults on any of the loan repayments.
To find out if your business is eligible for funding with us, check that your business:
- The business needs to be registered in the United Kingdom
- It needs to have traded for a minimum of 6 months
- Monthly turnover needs to be at least £5,000
- Limited company, sole trader or partnership.
How to apply for a hot tub business finance:
Visit our application page and provide the relevant information. This will ensure that we match you with an ideal lender. We will then ask you for further information about your business. You’ll need to be ready to tell us the following:
- The name of your business
- How long you’ve been in business
- Your average monthly card sales
- The amount you are looking to borrow
Will will then require a few personal details, so please be ready to tell us:
- Your title, along with you first name and surname
- The person in the business that is seeking a loan
- Email and telephone number, so that we can stay in further contact with you
Read through our terms and conditions carefully, and if you’re happy to continue, click ‘get a quick funding quote’. From here your application will be processed and reviewed by a member of our business finance suppliers team, who will help you find the correct lender for your business loan or cash advance.
We will then be in touch with you to confirm the conditions of your loan/finance agreement.
Once the application is complete, it will be sent off and approved by a lender. You can then have a discussion with them regarding the terms of the loan. These terms will include interest rates, as well as how much the borrower will repay each month. The loan is then provided to you on a previously agreed basis.