A Merchant Cash Advance allows you to raise cash for your business through your future credit and debit card sales. It’s a convenient and flexible way to raise funds for any business which takes regular credit/debit card sales through their PDQ machine.
Re-payments are paid through your card terminals at an agreed fixed percentage of each future transaction. This product will allow your business to grow whilst responding to the unexpected challenges small and medium businesses commonly face. The benefits of a Merchant Cash Advance are below:
- Simple repayments – A fixed percentage against your credit and debit card sales means you will always know what you are paying
- Goes with the ups and downs of your business – As repayment is through your card terminals, if your takings are lower one month, you will simply be paying less
- Fast decisions – We can usually get decisions within 48 hours meaning your time won’t be wasted