Merchant Cash Advance

If your business takes regular payments through a card reader or EPOS terminal then a merchant cash advance could be a way to help with a larger purchase or day to day cash flow.

A lump sum can be released based upon the card sales achieved over a period of time. Repayments for the amount borrowed are not fixed and made against future payments taken through the card terminal.

This type of funding may suit more seasonal businesses where turnover fluctuates and repayment is more convenient during busy times when turnover is higher.

Merchant cash advances can operate on a revolving basis allowing the approved level of borrowing to be taken again once a certain amount had been repaid. These loans are usually unsecured.

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