Comparing Business Loans To Business Cash Advances
Flexible finance designed as an alternative to traditional bank loans.
At 365 finance, we’re changing the way small to medium businesses obtain funding with our alternative business funding soluitions.
Unsecured cash advances are a sensible alternative to traditional bank loans and overdrafts, specifically designed to match your business’ cash flows.
Unlike a bank loan, our business cash advances feature no monthly fixed terms or repayments. You simply repay a small percentage of your credit and debit card sales, which means you only pay us back when your customers pay you.
Instead of charging you interest on the advance based on the length of time it is outstanding, there is a single, all inclusive cost for the advance so there are no APR’s, late fees or hidden extras.
Best of all, the application process is much simpler than for a regular bank loan, and we can have the money in your bank account within days.
- Apply in minutes
- No security or business plans required
- Decision in 24 hours. 90% approval rate
- Flexible repayments based on your business performance
- One simple cost agreed upfront. No late fees or hidden extras.
See the difference between our merchant cash advances and a traditional bank loan – Compare Here
Do I Qualify?
Qualification for our business cash advances is simple: Contact our customer services team to see if you are eligible.
In business for at least
12 months
Monthly credit and debit card turnover of at least
£10,000
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How a Merchant Cash Advance Works
A merchant cash advance is an ideal type of no credit check loan. Instead of relying on your credit score, we assess your business’ recent debit and credit card transactions to determine affordability and produce a funding offer tailored for your business. Get in touch with our team today to receive a tailored quote. The loan application process is quick and easy, and we can give you a funding decision within 24 hours. There is no need for you to provide collateral or business plans, and we only conduct a soft credit check that does not affect your credit score. From this, we’re able to make a funding decision without running a hard check that will show on your credit report. Unlike a traditional bank loan, there are no interest rates or fixed monthly payments to worry about. Instead, repayments are taken from a small percentage of your future debit and credit card payments. We don’t require any APR as there is no fixed fee, just one all-inclusive cost that’s agreed on at the start, which never changes.
Repayments mirror the ups and downs of your business
A business processing £10,000/month in card sales can receive an unsecured cash loan of the same amount, with no interest rates or fixed terms. Repayments are automatic and based on a small percentage of monthly card sales.
How Rev&U™ repayments work
1
Agree fixed percentage
Agree a fixed percentage of your credit and debit card sales to repay the business cash advance (typically between 5% and 15% of your card sales)
2
Make card sales
Sell to your customers on your credit and debit card terminals.
3
Automatic repayments
The pre-agreed percentage is automatically deducted from your daily transactions at point of sale and you will.
4
Get money into your account
This is automated so there is no change to the time it takes for you to receive your money.
5
Daily sales reduce balance outstanding
The daily amount deducted then reduces the balance outstanding on the business cash advance.
6
Collections stop automatically
Collections stop automatically once the cash advance has been repaid in full.
Am I eligible for a Rev&U™ cash advance?
Has your business been trading for a minimum of 6 months?
Does your business’ monthly credit and debit card sales exceed £10,000?
You’re eligible
Get a quoteYou must take at least £10,000 per month in card sales and have been trading for at least 6 months
Request a callbackBehind thousands of SMEs in the UK
We’re supporting thousands of SMEs in the UK, helping them to build a solid foundation for long term business success.
How much capital does your business need?
Use our calculator and see how Rev&UTM could help your business.
£60,000
funding received
£100
for every card transaction
85% = £85
goes to your account
15% = £15
goes to 365 finance
A simple and secure way to finance your business
Apply in minutes
Complete the application form. It takes less than 5 minutes!
Relationship manager
Be allocated a relationship manager to assist with any queries.
Approval under 24h
A decision will be made under 24h.
Get your cash advance in days
Funding directly into your business bank account within days
Finance Academy
Explore our Finance Academy to understand all the financial acronyms and jargon, and take charge of your business’s financial success today!
Explore our guides
