Working Capital Solutions
Merchant Cash Advance
Merchant cash advances are a relatively new concept – you can borrow a loan typically £5,000 to £500,000 if you take card payments on a regular basis. At the end of the day the lender takes a small percentage of your card receipts towards paying the loan interest and repayments. The amount repaid each day will vary with your takings. You will typically need £3,000 per month in card receipts and 6 months trading records. We go into this product more here.
The more you trade, the more stock you need to have rapid access to so that orders can be met and products put together. If you have money tied up in stock we may be able to source a loan either against the stock or more likely as a unsecured business loan. Get in touch here.