With a business cash advance any business that transacts through a debit or credit card terminal and that has been trading for longer than six months is eligible. Even a business with a low credit score can apply for business funding and could receive between £5000 and £200,000, with over 90% of all applications being approved, with no security or business plans required to progress the application.
At a time when financial decisions need to be made quickly and financial challenges are increasing, bad credit business loans in the UK are even more important and a product that offers flexible repayments based on credit and debit card sales is a real alternative for those looking for bad credit finance.
The application process is simple online and takes minutes to complete. In most cases an approval notification is shared with the applicant within 24 hours and after a few further checks, a lump sum is deposited directly into the business owner’s bank account.
Due to its flexibility and the fact that the advance repayments mirror the terminal transactions of the business, managing cash flow is now much easier for a business that has bad credit, as when sales are up repayments are higher but when sales are slow, repayments decrease, making this finance solution one of the best loan alternatives for bad credit.
Businesses in the UK looking for an organization that provides bad credit finance, can now enjoy the same quality of service as businesses with good credit. Dedicated Finance advisors looking after the account helping with growth and planning along with clear transparent pricing are now a reality for businesses looking for unsecured loans with bad credit.