What Are The Advantages Of Alternative Business Funding?
An unsecured cash advance is a form of funding the growth of your business without the risk of having to provide security. An unsecured cash advance usually requires the business to be generating a minimum amount via credit and debit card terminals.
This type of funding mirrors the sales of the business and as such puts no pressure on cash flow, which in most cases means security will not be required. This alternative business funding solution is often preferred by small businesses in the UK, as business owners are personally not liable should the business fail and you may still be eligible to secure this form of alternative finance with bad credit, whereas other more traditional methods such as bank loans, may not allow this.