Alternative Finance
Commercial construction loans: what are they and how do they work?
When it comes to commercial construction loans, there are a
Business financing simplified
Merchant Cash Advance
in a nutshell
A merchant cash advance (MCA) is a type of unsecured, short-term business finance. It is an innovative loan product that uses your card terminal and its’ receipts to secure lending. It has proven popular with certain sectors such as retail, restaurants, and general leisure sectors. It is designed to help businesses gain access to their cash in a flexible way as repayments are taken as a proportion of revenue.
The way it works is; the lender will provide you with a sum of money which is paid back in installments through a percentage of your customer card payments. The amount that is repaid will be agreed upon with your lender and this will be taken from each card payment made to you as a percentage amount. So, the more you sell, the more you pay back and the faster your loan is cleared.
Any businesses that use a credit card terminal will benefit from merchant cash advances, which are easier to obtain than other forms of business financing. Enterprises with little or no assets can benefit from a merchant cash advance, as can businesses with a low credit score who need money for expansion.
Some of our lenders
Compatible
Frees up other forms of finance. You can get other forms of finance whilst using a merchant cash advance.
Flexible
Repayments are both flexible and scalable. Because repayments are made as a percentage of card revenue, they change in proportion to your business’s income, therefore if you are having a tough period financially, then your repayments flex for this.
Speed
Approvals can be very quick, making it a good option if you have an urgent funding requirement.
Simple
The payments come straight from your card machine, so repayments are much more straightforward and efficient.
