Business Cash Advance

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When it comes to your Business requirement, in Business Cash Advance funding can be calculated on your card takings. If your business takes card payments and needs to boost a cash flow, then a Business Cash Advance (BCA) is an appropriate solution. It works like a business loan but with flexible monthly repayments instead of fixed amount repayments. Your business can borrow up to 120% of your monthly card volumes, from £3,000 to £1 million.

With Business cash advance, instead of having interest consistently, the total cost of finance is agreed up-front. So there is a finished line you need to reach instead of the monthly interest calculation.

Overview

  • Loans from £3000 to £1 million
  • Up to 120% of your card takings
  • Flexible repayment based on your card sales
  • Easy renewals

Eligibility Criteria

  • Should be based in UK
  • Accepting card payments for minimum 4 months
  • Minimum card takings of £4000
  • Certain sectors like Gambling Used car sales Charities etc are excluded

Documents

  • 3 months of business bank statements
  • 12 months of merchant card statements