Some of our trusted Merchant Cash Advance lenders
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A Merchant Cash Advance is an unsecured finance solution for businesses that use a PDQ machine. It provides fast access to capital to help support cashflow, refurbishment, stock purchase and other business needs.
Pay back when you sell
No asset security required
Quick access to funds
The cost of a Merchant Cash Advance is bespoke to your business performance and affordability. You simply agree a payback percentage of your future credit card revenue that's comfortable to you. There's no APR2, no fixed terms or hidden costs and your cash sales are not affected.
Example: A restaurant owner requires an advance to refurbish their business premises. Amount Needed: £15,000, Average Daily Cost¹: £60 (Remember this is not fixed and is flexible to your business revenue) Approximate Payback Time: 300 days, Total Cost of Advance: £18,000.
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The amount you can borrow is based on how much your monthly card sales are, for example, if you generate an average of £10,000 per month your maximum loan amount would be anything up to £10,000, sometimes more. Our lenders can finance from £2500 up to a maximum of £500,000.
A Merchant Cash Advance is a short term financial product and unlike a traditional business loan there is no fixed term. On average, it can take around 6-9 months to pay it back but it all depends on your business performance. On slower days you pay back less, and on good days you pay more - it works with your cash flow.
To qualify, your business must be trading for at least 3 months with an average monthly credit and debit card turnover of at least £3,500.
Each business is different and that's the same with a Merchant Cash Advance. The cost will be bespoke to your business performance and affordability. You simply agree a payback percentage of your future credit card revenue that's comfortable to you. There's no fixed terms and your cash sales are not affected. The costs are always made clear to you upfront.
It’s not a traditional unsecured business loan, so there’s no fixed term and no APR. Merchant loan advance providers measure their fees as a factor rate. The advance amount you receive is multiplied by the factor rate to determine the total amount you will pay back.
Absolutely not, there's no fixed monthly payments - you simply agree to pay back a small percentage of your future daily card transactions until the loan is completely settled.
As we're a broker, the lender will have their own policies for non-payment and therefore you must check the terms and conditions with the lender. If you have any problems making a payment you should contact the merchant cash advance provider directly.
We do not perform any credit checks but the lenders we introduce you to may perform credit checks from a major credit reporting bureau.
As a broker, we are not involved with the collection practices. If you have any problems making a payment you should contact the provider directly. If you fail to resolve with the provider directly then your account may be referred to a collections agency.
We are not involved with the decision to renew your advance. Please read the loan agreement terms and conditions specified by the lender we match you with carefully. If you need to renew your loan, please contact the provider directly.
Before contacting us, make sure you have checked out the FAQ section as this may have the answer that you are looking for.
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