Refit and Refurbishment – Financing for Business

The cost of an office, shop or store refurbishment can be a frightening prospect for a small business owner, but the knowledge that without improving ones business offering a business can become uncompetitive is an even more frightening scenario.

The cost of a restaurant fit out or the prospect of having to decorate or expand a retail environment can place a great deal of pressure on a business owner as servicing the debt may place the business under financial pressure. This is of course dependent on the business acquiring the funding in the first place.

For the small business or SME, the challenges of any economic cycle are compounded by the banks appetite to lend and desire of high street banks to provide financing for business to carry out refurbishments. Whether its new furniture or a lick of paint, creating an environment that encourages footfall and ensures retention and loyalty are fundamental to the sustained profitability of any business, without it customers go elsewhere!

Qualification for our business cash advances is simple: Contact our customer services team to see if you are eligible.

To maintain a competitive edge a small business owner will need to be agile and in a position to respond to market factors in a quick and effective manner , having access to financing available that will help with a refit or refurbishment will enable business owners to stay competitive.

A merchant cash advance is a new fast and flexible finance option available to shop and store owners that transact more than £10,000 per month through debit and credit cards and that have been trading for more than six months.

This form of financing is very flexible as repayments are not fixed and rather mirror the businesses credit and debit card sales, so when business is good store and shop owners pay back more but when business is slow, the very same store and shop owners will pay back less and in so doing place less pressure on the finances of the business.

Does your business need a traditional loan alternative?

The advantages of a merchant cash advance are as follows:

• A 90 % approval rate where debit and credit card transactions take place.
• No Business Plan or security required where a business has been trading for more than 6 months.
• No Aprs or admin fees
• No fixed term or fixed monthly payments, instead a flexible repayment model that mirrors sales
• No financial strain on business
• One small all inclusive cost that never changes.

A question many business owners ask themselves is how I can finance much needed business expansion and a merchant cash advance could be the answer for the following reasons;

• The merchant cash advance application process for store owners is a very simple one. In most cases applying is simple and conducted on line, via an online form that will enable shop owners to use future debit and credit sales to secure finance quickly.
• Lump sums are transferred directly into bank accounts shortly after approval often in as little as 48 hours.
• Enjoy one all inclusive cost that never changes.

In most cases a store will be advanced a sum equivalent to up to one month’s debit or credit card takings, enabling it to refurbish equipment or if need be refit a kitchen. In the case of a retail shop the merchant cash advance could be used to upgrade computer equipment shelving or air conditioning.

Renovating or improving a business need not be the daunting financial commitment previously experienced by smaller businesses. Stores, shops and retail outlets can now pay back what they can afford based on sales revenues with a merchant cash advance.