How do Business Cash Advances work?
What are the advantages of a Business Cash Advance?
How does a Business Cash Advance differ from a regular bank loan?
How do I apply?
Am I eligible?
Do you perform a credit check, and will it affect my credit rating?
Is there an interest rate or APR to pay on the advance?
How long does the advance take to repay?
Do I have to provide security for the advance?
Can I get ongoing funding for my business?
Why is a cash advance ideal for small businesses?
One clear, all-inclusive fee for duration of the merchant cash advance. No admin charges. No interest. No late fees.
No Fixed term. Flexible repayment period depending on your sales (typically the advances are repaid in 5 to 10 months).
Flexible repayment amount depending on your business performance (you repay a % of your card sales)
No security required
No Business plan required
Approval Within 24 hours
Funding in Days
Interest charged according to length of time loan is outstanding. Admin charges and late fees payable.
Fixed repayment period
Fixed repayments irrespective of underlying business performance
In most cases security is required
Business plan required
Approval normally takes weeks
Funding usually takes weeks