Business loans and Business Cash Advance

If you are looking for a business loan and you take payments from customers by credit card or debit card, then you may wish to consider a Business Cash Advance facility.

Business Cash Advance is a form of factoring for SMEs where the repayment is taken as a fixed percentage of your credit/debit card sales receipts.

It is a useful funding option for businesses that don’t have significant assets to secure against a business loan from their bank or for SMEs looking to borrow a bit more than their bank will let them have through overdraft or credit cards.

Perhaps you are looking to refurbish your shop, or maybe you want to purchase additional stock? We’ve partnered with MCE to provide you with the business lending solution to suit your needs.

Why use a Business Cash Advance for your business?

• Accessible finance for Retailers, Pubs, Restaurants, Hairdressers and more.
• Repayment amount is tied to your sales performance (in a poor month you repay less).
• Fast form of lending – the money can be with you in 10 days.
• MCE is the UK’s market leader for the product.

Please note that your business needs to have been trading for a minimum of 12 months to use the facility.

Business Cash Advance vs business loans

• Business loans tie you up to monthly fixed payments; with business cash advance you only pay back when you generate revenue.
• A Business Cash Advance application process is simpler and quicker than a typical bank business loan.
• Unlike a business loan application you won't be required to supply detailed information about your business plan.

Alternative lending for SMEs that raise invoices

If your business raises invoices and you are looking to raise funds, invoice finance might be the lending solution for you.

• Release the cash tied up in your unpaid invoices
• Up to 90% of invoice value advanced in 24hrs
• Balance your cashflow
• Flexible solution: the more you invoice the more you can borrow

Learn more about factoring and invoice discounting or compare quotes now.