Merchant Cash Advance
One of the most innovative products to come out of alternative finance in recent years the Merchant Cash Advance allows any business taking card payments to receive an advance against future sales.
Unsecured business loans for retail businesses
For a business with strong card sales a Merchant Cash Advance is a great way to raise funds quickly.
It’s a very simple form of funding to arrange, with the most recent 3 months’ card processing statements our funders will provide a quotation within a few hours.
From there we’ll have the funding in your bank within a couple of days.
The loan is then repaid by the lender taking a percentage of your future sales. That means that when you have a busy month you’re clearing more of the loan, but the repayments aren’t crippling during quieter times.
A merchant cash advance can be compared to a business loan but is often faster to set up and the flexible repayment terms suit many businesses with variable trade through the year.