Short-term cash advance for SMEs without fixed payments, terms, or any security. Borrow from £5,000 to £200,000 and pay back the advances with a small percentage from your future credit/debit sales.
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Business Cash Advance, also known as Merchant Cash Advance allows SMEs to quickly and easily get funded up to £200,000. This funding option is different from traditional loans as no interest is levied on the borrowed sum; rather, a factor rate (explained below) is charged on the total amount.
One distinct feature of Business Cash Advance is that it enables businesses to pay back with the revenue they generate through their credit and debit card sales. Lenders charge a fixed, small percent factor rate on the revenue. The revenue that directs the repayment rates. You only repay from your earned income. There are absolutely no fixed interest rates or set monthly payments with the Merchant Cash Advance Facility.
It greatly reduces the financial stress on the borrower by keeping the repayment rates predictable and linear to growth. Payless when you earn less and more when you earn more. Win-Win situation for both borrowers and lenders.
A Merchant cash advance is a quick and flexible option to borrow funds for your business if you handle payments through a card machine (PDQ) and/or an internet payment system.
Business Cash Advance offers many advantages over traditional forms of credit loans. As the industry is still getting acquainted with it, its rising popularity ensures more borrowers and lenders in the cash fund pool.
Merchant Cash Advance offers many advantages over traditional forms of credit loans. As the industry is still getting acquainted with it, its rising popularity ensures more borrowers and lenders in the cash fund pool.
As no interest rates or fixed monthly repayments are involved in Merchant Cash Advance, the chances of defaulting on the payback are very less since repayments on agreed factor rates are done automatically on the earned revenue from credit/debit sales.
No interest rates at all. It solely relies on the factor rate for repayments. So be sure of no hidden service or charge whatsoever while borrowing from a lender using BCF.
Lenders can quickly assess the sales history of the borrower through previous credit sales and release funds quickly. BCF sees the highest approval rates across many financial options.
Merchant Cash Advance does not require you to furnish any security or collateral to avail of its benefits. Instead, it is entirely dependent on your business’s future sales and revenue (debit and credit sales).