A Business Cash Advance allows you to borrow against your future credit card sales helping to support your cashflow, purchases and other business needs.
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Borrow up to £100k for any business purpose.
Your business must accept customer card payments.
Pay advance back only when customers pay you.
The Business Cash Advance is the UK’s most exciting funding solution! It provides a quick cash injection of up to £100,000 into your business for any purpose within 1-5 days.
The greatest thing about this funding option is that repayments are collected as a percentage of future card sales which means you get the money you need now but only pay back as and when you make sales from your PDQ card terminal machine. There are no set payback times, late payments or penalties and the amount you owe never goes up so there are no surprises. We have over a 90% approval rate and have helped many, many businesses throughout the UK.
A percentage payback amount of your future card sales is agreed - always a figure that is comfortable for you and your cashflow, the monies are released into your business bank account, then for every card sale that is made on your card terminal machine the agreed amount is paid back on the advance.
Why choose a BizAdvance?
We can help all businesses, big or small, who use a credit card terminal. Here is a selection of businesses that could benefit from using a Merchant Cash Advance.
Hotels and B&B’s
Pubs and Bars
Hairdressers & Beauty Salons
Garages & MOT Centres
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The cost is flexible and bespoke to your business performance and affordability. There's one simple, clear cost that you agree upfront. You pay us back ONLY when you sell to your customers!
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The amount you can borrow is based on how much your monthly card sales are, for example, if you generate an average of £10,000 per month your maximum loan amount would be anything up to £10,000. We can provide finance from £5000 up to a maximum of £100,000.
A Business Cash Advance is a short term financial product and unlike a traditional business loan there is no fixed term. On average, it can take around 6-9 months to pay it back but it all depends on your business performance. On slower days you pay back less, and on good days you pay more - it works with you.
To qualify, your business must be trading for at least 12 months with an average monthly credit and debit card turnover of at least £3,500.
Each business is different and that's the same with the Business Cash Advance product. The cost will be bespoke to your business performance and affordability. Costs are always clear to you.
Absolutely not, there's no fixed monthly payments - you simply agree to pay back a small percentage of your future daily card transactions until the loan is completely settled.
Any credit checks that we run should not affect your overall credit rating.
BizAdvance specialiases in financial solutions for SME's.
Before you contact us, please make sure you have checked out our Customer Support Area. If you can't locate what you are looking for then please contact us using the details below.
Our team is available to respond to enquiries Monday to Friday 9am - 5pm.