Merchant Cash Advance

A Merchant Cash Advance, also known as a Business Cash Advance, is an unsecured business finance solution that allows business owners to quickly raise funding. Unlike a traditional bank loan, there are no interest rates or fixed monthly payments. Instead, repayments are taken from a small percentage of your future debit and credit card payments. This means repayments mirror the ups and downs of your business, easing financial stress – when you have a quiet period, you simply repay less, and when business picks up, you repay more.

How a Merchant Cash Advance works with 365 finance:

A business that processes £10,000 per month in credit and debit card sales, is eligible to receive £10,000 in an unsecured business cash loan, with no interest rates or fixed terms. Repayments are automatic and deducted as a small percentage of your monthly credit and debit card payments.

Ideal for businesses that process payments through a card machine (PDQ) and/or online payment system, a merchant cash advance is a fast and flexible way to raise capital for your business:

• No APR or fixed monthly payments
• Over 90% of applications approved
• No security or business plans required
• Approval within 24 hours

Get a free quote today, and gain instant funding to grow and build the business you’ve always wanted. Requesting a quote will not affect your credit score.

For small to medium sized enterprises (SMEs), bank loan applications can be a lengthy, arduous process that makes borrowing money difficult.

Our financing acts as a quick loan that immediately injects cash into your business, eradicating the long processing times of traditional bank loans, making it an ideal solution for small businesses.

Whether you have poor credit history or your application rejected by the bank, your business could still be eligible for a cash advance. Raise between £10,000 and £400,000 in unsecured funding for your business today.

There’s no APR or fixed terms to worry about — instead, you’ll receive simple, easy to understand funding that’s designed to help you successfully run your business.

Also, once you have a merchant cash advance with us, you can easily renew and top up your funds with no hassles.

A merchant cash advance is the ideal funding for merchants looking to grow and expand their business. Use your debit and credit card sales to raise capital for your business, today.

Instantly receive funds to use on any business requirement, such as:

• Increase your working capital to pay employees, suppliers and other creditors to fuel business operations and avoid cash flow problems.
• Purchase equipment, vehicles and other items to increase efficiency and develop a stronger, more effective business.
• Expand your business by opening up a new location, hiring more staff or launching new products, services and offers.
• Advertise your existing products and services to bring in new customers and grow your sales revenue.
• Purchase the lease on your premises to own your location and enhance your retail or food service business.

At 365 finance, we offer unsecured business funding to thousands of SMEs in the UK, particularly businesses operating in the hospitality, retail, and leisure industries. Our funding is an affordable and flexible alternative to a bank loan, and a great option for merchants looking for quick, short term finance.   In comparison to traditional bank loans, the benefits of a merchant cash advance include:

• 90% approval rate
• Approval within 24 hours
• No interest rates, APRs or fixed payments
• No late penalties or hidden fees – agree on one, upfront cost that never changes
• Flexible repayments based on a small percentage of your future debit & credit card sales
• No security or business plans required
• Bad credit or poor credit history isn’t a barrier to receive funding
• Short repayment period, with the advance typical repaid within 5 to 10 months
• Repayments are automatic and simple, as they are processed via transactions taken from your card machine

A merchant cash advance responds to the dilemmas commonly faced by small to medium sized businesses in the UK that are faced with unexpected bills and fluctuating sales revenue.

Unsecured vs secured business loans

Banks often require security when taking out a loan, usually in the form of a tangible asset such as commercial property, stock, machinery, or a vehicle.

If your business becomes bankrupt or insolvent, the bank can sell the asset to recoup costs. As such, a secured loan from the bank usually entails a lengthier application process, as there are due diligence processes to conduct such as valuations, legal costs and business checks.

Our funding is unsecured, in that we don’t ask for security in the form of a tangible asset like a bank would. Therefore, we can process your application within 24 hours, offering you speedy access to capital.

However, the cost of our funding may in some circumstances appear more expensive, as we are providing business finance without security. This is why your business’ trading history is very important to us, as we need to feel that your business generates enough cash flow to repay the loan amount.

A merchant cash advance responds to the dilemmas commonly faced by small to medium sized businesses in the UK that are faced with unexpected bills and fluctuating sales revenue.

Traditional bank loans have fixed monthly repayments, with a set repayment period. As these repayments are fixed, you are obligated to pay a set amount each month irrespective of underlying business performance – this can cause financial stress for your business, impacting cash flow.

Our funding requires no fixed monthly repayments. Instead, there is only one, all-inclusive cost that is agreed upfront and never changes – there’s no APR, hidden fees or late penalties.

Repayments are automatically deducted from a small percentage of your card sales, meaning you only repay when customers pay you. As such, your business’ sales revenue isn’t negatively impacted.

Repayment period is typically between 6 to 10 months, however this is flexible depending on individual circumstances.

If card sales only make up a small portion of your overall business revenue, then this can impact the total amount of funding we can offer you, as we only evaluate business turnover through your credit and debit card sales.