Merchant Cash Advance – the new way to raise cash for your business QUICKLY!
A Merchant Cash Advance is a fast cash injection for your business, and a great alternative to a small business loan.
As long as your business fulfils the below, then you are 90% likely to be approved for a Merchant Cash Advance.
DO YOU MEET THE FOLLOWING QUICK CRITERIA?
- 1. Currently accept (or are willing to start!) credit/debit cards, and process at least £3,500 per month.
- 2. Have no open CCJs or Bankruptcies
- 3. Have at least 12 months left on your business property lease
How does a Merchant Cash Advance work?
The process of obtaining a Merchant Cash Advance is very simple and straightforward follows the following process:
- 1. The finance company agrees to purchase a fixed amount of your FUTURE credit/debit card transactions – at a discount. This effectively converts your FUTURE transactions, into cash NOW.
- 2. The finance company then advances the cash direct to your bank account – normally within 10 working days.
- 3. Repayments are made automatically to the finance company via your card processor at a PRE-AGREED percentage of every transaction. This is normally around 10% to 20% and removes the need for a monthly Direct Debit – or having to remember a monthly loan payment at a fixed date.
Main Benefits of a Merchant Cash Advance:
- 1. 90% Approval Rate
- 2. Approvals in as little as 72 Hours
- 3. Funds available normally in 10 days or less
- 4. No fixed monthly payments (the finance company receives funds in line with your seasonal trends)
- 5. No monthly Direct Debits or Standing Orders
- 6. No hassle – easy and quick application process
- 7. Use cash for ANY purpose – whatever suits your business.
Which businesses can benefit from a Merchant Cash Advance?
Our funder has helped many business types and the following list isn’t exhaustive:
- Restaurants, Pubs & Bistros
- Hotels, Camp Sites, Caravan Parks
- Hairdressers, Salons and Beauty
- Dentists and other Private Medical Centres
- Opticians
- MOT & Service Centres (sorry – no Petrol Stations)
- Florists
- Garden Centres
- Almost any business that processes over £3,500 per month in credit/debit card transactions.
Why Choose a Merchant Cash Advance?
A Merchant Cash Advance is the perfect short term cash injection, and compares much more favourably than a small business loan – in our opinion! It leaves you far less exposed to your bank – especially if you are comparing to an overdraft. Bank overdrafts can be called in at short notice, often forcing companies out of business!
The following list highlights the main reasons our customers have chosen a Merchant Cash Advance, in favour of their bank:
“Reduced Bank control – I know that the bank have one less hook into me.”
“Funds can be used for any purpose. Try asking your bank for a loan to pay the VAT man, or for a website or stock purchase!”
“The opportunity to renew the cash advance is very attractive. When I’ve paid it off in 6 – 9 months, I’ll take out another one.”
“I used the funds for a heavily discounted stock purchase – and doubled my investment! The cost of the cash advance is actually quite cheap, all things considered.”
“I was turned down by my bank for a website project for our hotel. The Merchant Cash Advance was in our account in about 2 weeks, and we’re now able to take bookings online.”
If your business could benefit from a Merchant Cash Advance, please email sales@slipstreamleasing.co.uk to find out more or apply straight away.
