Frequently Asked Questions

How do Business Cash Advances work?
Our business cash advances (also known as merchant cash advances) are a quick and way to raise between £5,000 and £200,000 for your business. Unlike a regular bank loan, there are no fixed monthly payments, APR’s or late fees. You simply pay back a small percentage of your credit and debit card sales – meaning you only pay us back when your customers pay you.
So if you’re having a quiet month, your repayments automatically reduce, which helps you manage your cash flow.
What are the advantages of a Business Cash Advance?
We’ve designed our funding process to be fast, simple and hassle-free. This means you don’t need to supply business plans or security for a business cash advance. Once funded, the processing of repayments happens automatically, so there is no disruption to your business.
- Apply in minutes
- 90% approval rate
- Approval within 24 hours
- No security or business plans required
- Flexible repayments based on your card sales
- One all-inclusive cost agreed up-front
How does a Business Cash Advance differ from a regular bank loan?
Unlike a bank loan, there are no fixed weekly or monthly repayments; you simply pay back a small percentage of your credit and debit card sales. This means that, during a seasonal dip in sales for example, your repayments will go down to match the decreased in sales – so your cash flow remains stable.
Learn more about the differences between business cash advances and bank loans.
How do I apply?
The process is fast and simple. You can speak directly with our expert, friendly team by calling 0207 1000 365. Alternatively, you can apply online by filling in our brief quote form, or email us at info@365businessfinance.co.uk.
During office hours, you can also reach the team on our LiveChat channel by clicking the icon at the bottom-right corner of this page.
Am I eligible?
Our minimum requirements for eligibility are:
- Your business has been trading for at least 6 months
- Your average credit and/or debit card sales are at least £5,000 per month
For more information, please contact our dedicated customer support team on 0207 1000 365 to discuss your options.
Do you perform a credit check, and will it affect my credit rating?
There are no credit checks required for you to receive a provisional quote. Once approved for a merchant cash advance, a credit check will be carried out to comply with responsible lending regulations. This is known as a ‘soft search’ and will not impact your credit score, nor will it be visible to other lenders.

Is there an interest rate or APR to pay on the advance?
Unlike a bank loan, there are no interest charges or APR’s on our merchant cash advances. Instead, you pay a single, all-inclusive cost that is agreed at the start of the term. This cost is added to the cash advance and does not increase, regardless of the length of time it takes you to repay.
There are no application fees, admin charges, late fees or hidden extras.
How long does the advance take to repay?
Repayment levels will vary, depending on how your sales fluctuate – so if you have a quieter month than usual, your repayments for that month will be lower. There is no fixed term and no additional charges if the advance takes longer to repay than expected.
Do I have to provide security for the advance?
No - you do not have to provide security for your business cash advance and you do not have to supply a business plan. Our funding is a flexible alternative to bank loans, as we understand that the banks’ one-size-fits-all approach is not suitable for many small and medium sized businesses.
Can I get ongoing funding for my business?
Yes – you can apply for ongoing capital funding for your business. If you have an existing merchant cash advance with us, please call us on 0207 1000 365 or email info@365businessfinance.co.uk to discuss your options today.
Why is a cash advance ideal for small businesses?
A business cash advance is the ideal solution for many small and medium sized businesses, as the repayments mirror your sales, reducing pressure on your cash flow. No security or business plans are required, and you won’t be tied to lengthy terms with high APRs and fixed monthly repayments that may be the case with a traditional bank loan.
An advance from 365 Business Finance is a fast, flexible and affordable form of alternative business funding.