What is a Merchant 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

SME Financing - Small and Medium-Sized Enterprise Funding

By definition the small and medium size enterprise environment in the UK has always been a challenging one within which to secure financing. SME companies and companies requiring SME finance may find the challenge is largely due to the failure of a strict definition that encompasses the size of their business and the turnover that the business does. In order to secure finance any small enterprise or medium sized business will be benchmarked against similar types of business. As the current SME definition in the UK is not clear, this could have a negative impact on who to ask for funding as every bank, VC, investor, lender or business cash advance organization may have a different set of criteria that it applies to SMEs, and without a clear definition SME financing will struggle to benefit from the various SME financing products available on the market.

What is an SME?

An SME in the UK is defined by HMRC as a business that does not employ more than 500 hundred staff and that has an annual turnover that is less than £100 Million, the problem is, that the UK government does not share this definition and adopts a different approach in determining what SME stands for. The SME business definition as used by the department for business defines SMEs as any company that employs less than 250 employees. To further confuse matters any business in the UK that employs less than 50 people and has a turnover of less than £6.5 million is defined by Companies House as being small, and by the same definition of SME any business in the UK with less than 250 staff and a turnover of under £25.9 Million will be considered to be, a business of medium size.

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Apply online in minutes

Use your future credit and debit card sales to raise unsecured business finance, today.

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Get your funds in days

Receive a lump sum directly into your bank account to use on any business requirement.

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Watch your business grow

Increase profitability without putting pressure on your cash flow.

How funding 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 mbusiness cash advance, with no APR or fixed-terms, and repayments based on your monthly card sales.

Flexible finance for small businesses

Get a quoteIt only takes 5mins

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Only repay us when your customers pay you!

Cash advances for growth

With so many definitions of SME available, SME funding could be an issue faced by any UK business with between 50 and 500 staff turning over between £6 million and £50million, and its for this reason a business cash advance could be the ideal financing solution for UK SMEs.

Does your business need a traditional loan alternative?

A business cash advance is the ideal solution for SME finance as the number of staff is irrelevant when it comes to making the funding decision. What is relevant however is that eligibility is dependent on the SME that is looking for finance turning over a minimum of £5000 through a debit or credit card terminal.

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 finance

There are a number of further advantages of a business cash advance that make this type of SME financing attractive and in line with what SME business owners may be looking for.

  1. An SME applying for a business cash advance can do so online and minutes.
  2. Unsecured funding of between £5000 and £200000 can be raised by SMEs transacting through debit and credit card terminals.
  3. Small and medium sized businesses can benefit from a finance product with no APR or fixed monthly payments.
  4. Nearly 90% of businesses meeting the SME definition are approved for a business cash advance.
  5. Unlike many other loan products on the market SMEs do not need security or a business plan when applying for a cash advance.
  6. Once Financing is approved the SME will receive a lump sum directly into the business bank account.
  7. A cash advance is an attractive finance option for SMEs as they only pay back the advance, when they are paid by their customers so repayments mirror sales and do not put pressure on the cashflow of the business.

Am I Eligible For Small Business Funding?

  • Your business must be trading for a minimum of 6 months;
  • Minimum monthly credit and/or debit card sales of £5,000.

Flexible finance for small businesses

Get a quoteIt only takes 5mins

Merchant cash advance program for SME's in the UK

Our unsecured loans provide thousands of small to medium sized UK businesses, with an affordable way to access unsecured capital for growth, company expansion or improved cash flow.

About 365

365 Business Finance Ltd is a provider of the business cash advance. Unsecured capital funding for small to medium 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, as an alternative to traditional bank loans.

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We will be your business cash advance partner and help you grow your business.

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We will be your business cash advance partner and help you grow your business.

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We will be your business cash advance partner and help you grow your business.

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Each customer is assigned a senior finance specialist who will be available at your convenience.

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We will be your business cash advance partner and help you grow your business.

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We ensure that every phone call and email is responded to efficiently and in a timely manner. We welcome your feedback and any suggestions you may have.

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We will be your business cash advance partner and help you grow your business.

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We will always be transparent in our dealings with you. Our fee is clearly disclosed upfront and there are no hidden costs, admin fees or extras.

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We will be your business cash advance partner and help you grow your business.

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We ensure that any data you provide to us remains confidential.

A cash advance could be in your account in today!

Get a no-obligation quote now!

Get a quote

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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.

See why more businesses are turning to a merchant

cash advance as a sensible alternative to bank loans.

Get a no-obligation quote now!

Get a quote

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