Support your business with a Merchant Cash Advance
For an easy, affordable business loan with daily repayments, consider a Merchant Cash Advance. This flexible funding option offers short-term cash from £3,000 to £300,000, designed to support your business’s cash flow. Unlike traditional loans, it comes with no APR or hidden fees; instead, you repay a clear, fixed cost over 6 to 9 months. Payments are made as a percentage of future credit and debit card sales, ensuring they adjust with your revenue. This way, repayment remains manageable, allowing you to focus on growing your business while meeting financial needs seamlessly.. Read more
Key Benefits of a Merchant Cash Advance
Enjoying the Advantages of a Merchant Cash Advance: Flexible Repayments and No Fixed Terms
Tailored to your credit/debit card reader
You don't have to replace or modify your current card terminal (PDQ) machine; everything remains unchanged.
Adaptable payment options
You make automatic repayments with every customer sale – No set payment terms are in place.
No need for collateral
As the advance is uncollateralized, your business assets remain protected.
Transparency in all expenses
You establish a straightforward, manageable expense that you reimburse as a set portion of your upcoming credit and debit card transactions.
Retain the full amount from your cash transactions
All physical cash collected by your business is yours; repayment is solely based on card sales.
Submit your application online around the clock
Our application processing operates 24/7. If your busy business schedule makes it difficult to find time, you can apply at your convenience.
An ideal funding option for any business equipped with a PDQ terminal.
A Merchant Cash Advance is a versatile option for UK businesses in retail, hospitality, and leisure sectors, offering accessible funding for any business with debit or credit card sales.
Services We Provide
Covered in these areas
Utilities
As a UK-based price comparison expert, AMS simplifies finding the best rates for commercial gas, electric, and water, providing fast, effective solutions to reduce business costs
Merchant Services
Merchant Solutions provides PCI DSS-approved and SSL-certified e-commerce payment terminals, ensuring secure, compliant transactions for online businesses in the UK
Business funding
AMS offers tailored funding solutions, designed to support your business’s financial growth and operational needs, with an options that fit a variety of business models.
Secured Business Loans
For UK entrepreneurs seeking capital to expand, using an asset as collateral for a business loan can be an excellent method to secure the required funding. Learn all the essentials of collateralized business financing in our Small and Medium-sized Enterprise (SME) handbook.
How Does a Merchant Cash Advance Operate
- Complete your online application in a matter of minutes
- Repayment Tied to Sales
- Receive Funds in 24 Hours
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What's the Cost of a Merchant Cash Advance?
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Frequently asked questions
The amount available to your business hinges on your average monthly card sales. Consequently, the more revenue your card machine processes, the greater your borrowing capacity. For instance, if your business maintains a monthly average of £5,000 in sales through your PDQ machine or merchant gateway, you may be eligible for funding equivalent to that amount through a merchant cash advance. In specific cases, and contingent upon risk assessment, the funding offer could even reach up to 150% of your monthly card sales turnover, thereby potentially securing a larger sum.
The lump sum of credit accessible typically ranges between £3,000 and £300,000, with some instances involving even higher sums.
A merchant cash advance is a short-term financial solution. The repayment period depends on your business’s performance in credit card and debit card transactions. During slower sales periods, your repayments decrease, while in prosperous times, they increase. Usual repayment timelines span from 6 to 9 months, but they can range from as short as 4 months to as long as 18 months. After establishing a positive repayment track record, you might have the opportunity to extend your borrowing amount and term. This, of course, depends on your business’s financial viability and repayment history.
To be eligible, your business must operate as a limited company, partnership, or sole trader within the United Kingdom. Accepting card payments from customers is a prerequisite, whether through a PDQ machine or online sales via your e-commerce merchant gateway provider.
Businesses from various sectors qualify for a business cash advance as long as they process card payments from their customers. Industries such as hospitality, retail, shops, restaurants, hotels, cafes, MOT centers, and garages are common examples. Many online e-commerce retail businesses also make use of this type of commercial financing.
Ideally, your business should have been in operation for approximately three months and should generate monthly card sales exceeding £2,500.
Do not fret if you cannot meet these criteria; we will strive to find a solution that works for you.
A factor rate is employed by lenders to ascertain the total repayment amount. This is a straightforward calculation where the funding amount is multiplied by the factor rate (typically falling between 1.1 and 1.5).
For instance, suppose your business borrows £5,000 based on its sales volume, and the lender sets the factor rate at 1.25. The calculation is as follows: (£5,000 x 1.25 = £6,250 total repayable/total finance cost).
The factor rate is computed based on your business’s trading performance, its sector, and other risk factors linked to the business. Through our service, you will receive quotes from lenders offering competitive factor rates, granting you access to the most favorable rates available.
There are no set monthly repayments. This isn’t your conventional loan, so there are no fixed terms or APR. You only repay a small fraction of your future credit and debit card sales until the advance is fully settled. This model accommodates seasonal businesses where card sales can experience significant fluctuations.
We do not conduct credit checks during the application process; however, the provider you are matched with may perform a credit assessment through a major credit bureau. A missed or delayed payment may potentially influence your credit score.
Having a less-than-perfect credit history should not deter you from applying for a cash advance. In certain situations, lenders might be open to considering your application despite a subpar credit history. The key is to proceed with your application and not be discouraged. Furthermore, if you are aware of any blemishes in your credit history, you can address them when discussing your application with the lender. Being forthcoming with additional information can enhance your application’s prospects.
A ‘merchant cash advance’ and a ‘business cash advance’ are synonymous. They refer to the same financial product and do not differ in terms of funding options; they merely employ varying industry terminology.
Team AMS
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