Your business may qualify for working capital via a very flexible form of funding.
Bank loans and overdraft funding are difficult to obtain, if at all, and even if agreed could put your other assets, maybe even your own home, at risk. Our cash advances range from £3,500 up to £150,000 and are paid back from your Merchant account terminal (PDQ machine) typically over 9 months at variable amounts to suit your turnover, so absolutely brilliant for businesses with ups and downs in trading.
Most established business will qualify providing they have been taking credit and debit card payments for at least 12 months and include restaurants, pubs, hotels, hairdressers, bed and breakfasts, bike shops, garages and MOT service centres, chemists, opticians, convenience stores and any other independent retail store. In fact the only qualification is the use of a card terminal and an average card turnover of £3,500 per month. Added flexibility also allows you to redraw funds later when needed as your loan balance reduces and at least 70% of the debt has been repaid.
This form of funding can be used for anything eg. Refurbishment, buy out a partner, purchase stock, pay a tax bill, marketing and advertising bills, wages etc.
Six reasons to find out more today
- No fixed monthly payments – just a fixed percentage of your card takings
- No risk to your assets – unsecured
- No early settlement fee
- High approval rate
- Receive funds typically in 24 hours from a completed application form
- Your statement can be viewed online
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