What is a Merchant Cash Advance?
There are no interest rates or fixed monthly payments, unlike a traditional bank loan. The repayments are taken from a small percentage of your future debit and credit card payments. This means repayments mirror the ups and downs of your business, easing your financial stress, so maybe when you have a quieter period within your business, you can repay less and when your business picks up, you repay more.
Merchant Cash Advance is ideal for businesses that process payments through a card machine (PDQ) and or online payment system, a Merchant Cash Advance is a fast and flexible way to raise capital for your business:
- There are no APR or fixed monthly payments
- Over 90% of applications approved
- There are no security or business plans required
- You can be approved within 24 hours
Does your business need a traditional loan alternative?
A Merchant Cash Advance is the ideal funding for merchants looking to grow and expand their business. Use your debit and credit card sales to raise capital for your business, today.
Instantly receive funds to use on any business requirement, such as:
Increase your working capital to maybe pay employees and suppliers or other creditors to fuel business operations and avoid cash flow problems.
Do you want to purchase equipment, vehicles and other items to increase efficiency and develop a stronger, more effective business?
You could expand your business by opening a new location, grow your team or launch new products, services and offers.
Advertise your existing products and services to bring in new customers and grow your sales revenue.
Purchase the lease on your premises to own your location and enhance your retail or food service business for example.
What are the advantages of a cash advance?
Your time is important therefore you need quick answers so that you can focus on your core business.
That’s why we've designed our business cash advances funding process to be fast and simple. We don’t require business plans or security for our alternative cash finance, and your advance will be approved in under 24 hours. The processing of the repayments happens automatically so there is no disruption to you or your business.
Am I eligible to receive a business cash advance?
You need to have been in business for at least 12 months
Your average credit and/or debit cards sales during this period are at least £2,500 per month.
Alternatively, you can email us at info@fundingspace.co.uk or call 01743 298981 to speak with one of our representatives.
To see why more businesses are turning to a Merchant Cash Advance as a sensible alternative to bank loans why not ask us for a no-obligation quote today!
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