Business Loans For Bad Credit
Alternative finance for small businesses with poor credit scores
A poor credit score shouldn't stop your small business from securing funding through our alternative, unsecured cash advances.
Less than £ 5,000£ 5,000 - £ 50,000£ 50,000 - £100,000Most popularMore than £100,000
"Fast, efficient and friendly service. Enjoyable and easy experience from start to finish. Good to deal with real and responsive people. Very satisfied with the overall service!"
Matthew - Hospitality
What is a Business Cash Advance?
The fast and flexible way to raise capital funding for your business, today.
- No APR or fixed-monthly payments
- Over 90% of applications approved
- No-security or business plan required
Merchant Cash Advance:
The flexible alternative to bank loans
A new directive by financial regulators states that affordability is now a better indicator of the fiscal positioning of a business, and that credit checks and the information provided by credit reference agencies although important are not truly representative. UK businesses with poor credit history may now be eligible for funding from certain finance providers. Many SMEs have attempted to get a loan with bad credit and the number of providers in the market offering bad credit finance to businesses has been limited, up until now.
Apply in Minutes
Use future credit and debit card salesto raise a business cash advance today.
Get your cash advance in days
Receive a lump sum directly into your bank account.
Watch your business grow
Repay a small portion of your monthly credit/debit card transactions.
How an Advance works with 365:
A business that processes £10,000 per month in credit and debit card sales, is eligible to receive £10,000 in an unsecured business cash advance, with no APR or fixed-terms, and repayments based on your monthly card sales.
Cash Advances for growth
Does your business need a traditional loan alternative?
In this new environment, if a business can demonstrate strong turnover and robust efficiency over a more immediate period they may still be able to source a loan alternative, even with poor credit. In fact business owners in the UK with bad credit, who have been refused credit in the past because they have a low credit score, are now enjoying the benefits of unsecured business loan alternatives to fund growth and expansion.
A merchant cash advance is the ideal funding alternative for businesses researching how to get a business loan when they have a poor credit history. As it is probably one of the best loan alternatives for businesses with bad Credit. Business cash advance providers consider recent debit and credit card transactions when determining the worthiness of an applicant, and therefore this type of solution is one of the best loans for bad credit, though it is technically an advance and not a loan.
Agree one, upfront all-inclusive cost that never changes.
- 90% approval rate
- Approval within 24 hours
- No APR or other hidden charges
- No security or business plan required
- Apply for a business cash advance online in minutes
- Flexible repayments based on your debit & credit card sales
Benefits of unsecured business cash advance
If a business has been trading for more than six months and is doing sales through a terminal, unsecured finance is available to them via a business cash advance; the fact that they may have a low credit score, will not necessarily negatively impact the application. Unsecured loans for bad credit are now a reality for business owners.
With a business cash advance any business that transacts through a debit or credit card terminal and that has been trading for longer than six months is eligible. Even a business with a low credit score can apply for business funding and could receive between £5000 and £200,000, with over 90% of all applications being approved, with no security or business plans required to progress the application.
At a time when financial decisions need to be made quickly and financial challenges are increasing, bad credit business loans in the UK are even more important and a product that offers flexible repayments based on credit and debit card sales is a real alternative for those looking for bad credit finance.
Am I eligible to receive a merchant cash advance?
- Your business must be trading for a minimum of 6 months;
- Minimum monthly credit and/or debit card sales of £5,000.
A merchant cash advance program
The application process is simple online and takes minutes to complete. In most cases an approval notification is shared with the applicant within 24 hours and after a few further checks, a lump sum is deposited directly into the business owner’s bank account.
Due to its flexibility and the fact that the advance repayments mirror the terminal transactions of the business, managing cash flow is now much easier for a business that has bad credit, as when sales are up repayments are higher but when sales are slow, repayments decrease, making this finance solution one of the best loan alternatives for bad credit.
Businesses in the UK looking for an organization that provides bad credit finance, can now enjoy the same quality of service as businesses with good credit. Dedicated Finance advisors looking after the account helping with growth and planning along with clear transparent pricing are now a reality for businesses looking for unsecured loans with bad credit.
About 365
365 Business Finance provides business cash advances as unsecured capital funding for small to medium sized businesses in the UK. Our finance products are designed as a fast and flexible finance solution for businesses that accept credit/and or debit sales, and are an alternative to traditional bank loans.
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Cash Advances: questions and answers
Answers to a few commonly asked Merchant Cash Advance questions.
How to apply for a business cash advance
A few simple steps, such as a Business cash advance, could be the perfect way to secure capital funding for your business.
How do you apply for a Merchant Cash Advance?
There are quick, easy and safe business finance solutions out there to take the pressure off your cash flow, such as an unsecured merchant cash advance.
Frequently Asked Questions View All
Our merchant cash advances are designed as a quick and easy business funding solution, for small businesses looking to raise between £5,000 and £200,000 for your business. Unlike a regular loan, there are no fixed weekly or monthly payments. You simply pay back a small percentage of your credit and debit card sales, which means that you only pay us back when you sell to your customers.
So if you’re having a quiet month, your repayments automatically reduce, which helps you manage your cash flow.
There is an all-inclusive cost that gets added to the advance, so there are no interest charges, APR’s or late fees.
- Apply in minutes
- 90% approval rate
- Approval within 24 hours
- No security or business plans required
- Flexible repayments based on your card sales
- One simple all inclusive cost, that never changes, agreed upfront
We understand that as business owners and entrepreneurs, your time is important and you need quick answers so that you can focus on your core business.
That’s why we've designed our business cash advances funding process to be fast, simple and hassle-free. We don’t require business plans or security for our alternative cash finance, and your advance will be approved in under 24 hours. The processing of the repayments happens automatically so there is no disruption to your business.
Best of all, it’s a cash flow friendly solution for your business designed to match your business performance, so you pay us back when you sell to your customers.
Unlike regular bank loans, there are no fixed weekly or monthly repayments on a merchant cash advance with 365. You simply pay back a small percentage of your credit and debit card sales, which means that you only pay us back when you sell to your customers.
So when sales are down, the repayment amount is also low which helps you manage your cash flow, especially during quiet months. Instead of charging you interest on the advance based on the length of time it is outstanding, there is a single, all-inclusive cost added to the advance, so there are no APR’s or late fees.
Best of all, the application process is much simpler than for a regular bank loan, and your advance will be approved in 24 hours and you can have the funds in your bank account within days.
See the comparison between our unsecured business cash advances and a traditional bank loan, here.
Click the “Get a quote” button for a no-obligation quote on a merchant cash advance.
Alternatively you can email us oninfo@365businessfinance.co.ukor call0207 1000 365to speak with one of our representatives.
- You have been in business for at least 12 months
- Your average credit and/or debit cards sales during this period are at least £5,000 per month.
Alternatively you can email us oninfo@365businessfinance.co.ukor call0207 1000 365to speak with one of our representatives.
Our cash advances range from a minimum of £5,000 up to a maximum of £200,000, in unsecured capital funding.
Our maximum advance size depends on your average monthly credit and/or debit card sales. Typically we can offer up to 100% of your monthly card takings. Should you require more, please call our office for a bespoke quote to match your needs.
Unlike a regular bank loan, there are no interest charges or APR’s on an unsecured merchant cash advance with 365. You pay a single, all-inclusive cost, which gets added to the cash advance and remains the same irrespective of the length of time it takes to repay.
There are no application fees, admin charges or hidden extras.
Contact our customer service team for a no-obligation quote on our quick business loans.
You repay a small, agreed portion of your credit and debit card sales, which then reduces the balance outstanding on one of our.
So if you are having a quiet month, the repayment amount is also low which helps you manage your cash flow. There is no term on the product, so there are no additional charges if the advance takes longer than expected to repay.
You simply pay back a small, pre-agreed portion of your credit and debit card sales, so the exact length of time it takes to pay back a merchant cash advance depends on when you make sales to your customers. There are no fixed weekly or monthly payments.
No security is required for our unsecured merchant cash advances. To find out more information, readhere.
Yes, we provide ongoing cash advances for small to medium UK businesses.
Our merchant cash advances are fully flexible, so you can always apply for additional funding elsewhere.
We partner with a number of financial brokers and introducers to help their clients secure unsecured funding for their businesses, through an unsecured business cash advance.
We offer training to help you understand our products and gain access to co-branded materials, a dedicated broker contact and a competitive commission scheme.
So contact us on brokers@365businessfinance.co.uk or 0207 1000 365 to find out more about our broker referral scheme.
An Excellent Service all around
An excellent service all around, would recommend 365 business finance to anyone that is looking to finance their business.
Paul, Restaurant Owner
Excellent service, simple, fast and hassle free!
Used several times and each time they have delivered fast funding allowing us to grow our business at a quicker rate. Banks are too much hassle, so this is by far the quickest and simplest route to fast financing
Wayne, Hotel and Restaurant Owner
Best in the Business
Cannot rate these guys enough. The finance helped us to achieve a large refurbishment which has grown our business significantly, and we have used them a further three times since then.
Tom, Pub Owner
Excellent company to work with
Excellent company to work with and their type of financing fits my business (Hospitality) perfectly as financing is made as a % of takings from my debit card machine. Helps cash flow enormously.
Ross, Business Owner
365 is my destination point
As the owner of a destination gastro-pub in North Yorkshire, I have used 365 on four occasions in the last two years to help expand our business offering. They are professional, quick, personable and very easy to deal with.
Russel, Bar Owner
Excellent company!
Great service, efficient and very Commercial minded people. Refreshing in the world of finance.
Dipen, Automotive Services
Repeat Client
Far easier to deal with than a bank. Simple and transparent application process. Would happily recommend them as an alternative to what's out there.
Mehran, London
The service provided by 365 was …
The service provided by 365 was excellent. The process was handled professionally, and the money was in our account with no delay.
Keith, Business Owner
