Whether you need help with working capital or want to expand your car and van hire business, we’re here to help.
Our merchant cash advances are ideal for small and mid-sized vehicle hire companies. Ranging from as little as £5,000 to as much as £200,000, you can quickly and easily access the financing you need to run your business.
Unlike a conventional bank loan, our merchant cash advances don’t have any fixed repayments or fixed terms. Instead, you’ll repay your cash advance via a small, agreed upon percentage of the revenue your business collects via credit and debit card transactions.
From business expansion to everyday operations, our funding can help you with a wide range of different processes related to your car and van hire business. You can use your funding to:
Increase your working capital to pay your staff members, suppliers, contractors and other creditors without straining your business’s cash flow.
Advertise and market your business to attract new customers and increase the total amount of revenue you earn per rental vehicle.
Promote your business before busy periods such as the holiday season or major dates on which people rent cars, vans and other vehicles.
Purchase new cars, vans and other vehicles to increase your business’s potential to generate revenue.
Our car and van hire funding is designed for small and medium-sized vehicle hire businesses in all parts of the UK. Whether you operate a small fleet or rental vehicles and want to expand, or simply need additional working capital, we’re here to help.
Depending on your needs and the size of your business, you can access between £5,000 and £200,000 in total capital via a merchant cash advance.
Our cash advances are designed to prioritise the needs of your business, all while limiting the downsides of a conventional bank loan. This means that instead of dealing with fixed monthly repayments, you’ll repay your loan as a percentage of your debit and credit card sales.
This means that your monthly payments will scale up and down based on the total amount of revenue you process each month. When business is good, you’ll pay slightly more. During a slow month, you’ll pay slightly less, limiting the effects on your business’s cash flow.
This makes it easier than ever for you to access the capital you need to operate and grow your car and van hire business, all without the fixed monthly repayments, fixed term and other major burdens of a conventional small business loan.
First, your car and van hire business needs to have been trading for a continuous period of six months or longer. Second, you’ll need to process at least £5,000 in monthly payments via credit or debit card.
If you qualify, you can apply for your funding quickly and easily online. Throughout the process, you’ll be assisted by a dedicated funding advisor. If successful, we’ll deposit the entire amount as a lump sum into your business’s bank account.
After you’ve received your merchant cash advance, you can use it as needed as working capital or to fund improvements to your business. Over time, you’ll repay your cash advance via a small percentage of your business’s monthly credit and debit card receipts.
WIth no hidden APR, fixed terms or other common loan setbacks, you’re free to focus on what really matters -- successfully running and growing your business.