365 Business Finance offers merchant cash advance funding between £10,000 and £400,000 to SME’s based in the UK. If your business accepts credit or debit card sales, then your business could qualify.
A merchant cash advance, otherwise known as a business cash advance, is a straightforward way to raise capital for your businesses future credit and debit card sales. It works by allowing your business to repay the advance when your customer pays you via a credit and debit card transaction. This allows your business the cash flow flexibility it needs, so when your sales are lower, your repayments are lower.
The repayments are transparent. 365 Business Finance will agree with you a fixed daily percentage of your future credit and debit card sales – this is usually a comfortable amount between 5% and 20% of your card sales. The repayments are automatically deducted as and when you make sales. The collection process automatically stops once the merchant cash advance has been repaid.
365 Business Finance offers a transparent service. There are no hidden extra costs, such as admin fees or early or late payment charges. They don’t require a business plan or complex paperwork and administration time is kept to a minimum. They don’t require any security, and as such their merchant cash advance is unsecured.
They have a 90% approval rate which means that many businesses qualify and receive a decision within just a few hours, and when successful, your business will receive funding in just a few days.