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Unlike a traditional bank loan, merchant cash advances come with no interest rates or fixed monthly payments. Repayments come out of your business’s future credit/debit card payments automatically deducted at source. Repayments, therefore, reflect the ups and downs of your business’s cash flow.
In quiet periods it means you can repay less. As such, for many UK businesses, a merchant cash advance was an ideal source of finance throughout the Covid-19 pandemic as business owners didn’t have to worry about repayments during lockdowns and uncertain trading periods.
Merchant cash advances act as a quick loan and an immediate injection of cash into businesses eradicating long processing times and is ideal for small businesses. Merchant cash advances are a form of unsecured finance – this means that no security is needed in the form of a tangible asset to access funding. This eradicates long processing times, and means your funding application can be approved within 24 hours.
Ideally you will have a minimum of around £10,000 per month in takings.
These facilities are ideal for retail and hospitality sectors.
If you'd like to speak to us about this funding option then you can email us on contact@femalefounder.finance or use our contact form here
You can find more information on this product here
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Registered in England and Wales no. 10591615. Registered office: 5 Prospect Place, Millennium Way, Pride Park, Derby, DE24 8HG.
Female Founder Finance is a trading style of Vernon Projects Limited which is an independent commercial finance broker not a lender, as such can introduce you to a wide range of finance providers depending on your requirements and individual circumstances. We are not independent financial advisors and so are unable to provide you with independent financial advice. Female Founder Finance may receive a payment (s) or other benefits from the finance provider if you decide to enter into an agreement with them. Vernon Projects Limited is Authorised and Regulated by the Financial Conduct Authority No. 1005423
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