Merchant Cash Advance - PDQ-Funding.co.uk
PDQ Funding's business cash advances are one of the most innovative products in alternative business finance. The concept has only existed for a few years, but it's already proving very popular with retail businesses and the leisure sector. Put simply, a business cash advance uses your card terminal to 'secure' lending — perfect for businesses without many assets, but who have a good volume of card transactions every month. Repayments are then taken as a proportion of your revenue, making it a quick and easy funding solution for many SMEs.
Merchant cash advances: an example caseA restaurant has a fridge break down in the middle of the seasonal boom — it needs to be replaced as quickly as possibleMerchant cash advance set up based on the previous months' salesFunds advanced immediately, so the new equipment is on site within daysRepayments made as a percentage of revenue over the remaining seasonal period
The leisure sector — for example bars, restaurants, clubs and shops — is traditionally more difficult to get finance for. But if your cashflow situation is positive, a merchant cash advance could be a great way to secure fast and straightforward business finance, and get your business on the right track.
How do i apply?
Click the “get a quote” button for a no-obligation quote on our business cash advances.get a quote
Am i eligible?
Our minimum requirements for an unsecured cash advance are that:you have been in business for at least 12 months; your average credit and/or debit cards sales during this period are at least £5,000 per month. contact our customer services team to find out more.
How much can i borrow?
Our merchant cash advances range from a minimum of £5,000 up to a maximum of £200,000.our maximum advance size depends on your average monthly credit and/or debit card sales. typically we can offer up to 100% of your monthly card takings.should you require more, please call our office for a bespoke quote to match your needs.
What interest rate or apr do i pay on the advance?
Unlike a regular bank loan, there are no interest charges or apr’s on our merchant cash advances. you pay a single, all-inclusive cost, which gets added to the cash advance and remains the same irrespective of the length of time it takes to repay.there are no application fees, admin charges or hidden extras.contact our customer service team for a no-obligation quote on our quick business loans.
How is the advance repaid?
You repay a small, agreed portion of your credit and debit card sales, which then reduces the balance outstanding on one of our merchant cash advances.so if you are having a quiet month, the repayment amount is also low which helps you manage your cash flow. there is no term on the product, so there are no additional charges if the advance takes longer than expected to repay.
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UK (Chesterfield) based business providing cash advances for businesses. Website includes details of services provided, blog, FAQ, full contact details.
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