 |
 |
 |
To discuss your
requirements, call us
on 01794 302 812
You can download the Access Finance commercial brochure and case studies here...
» Download PDF
This is a new concept in raising finance for businesses in the UK. It advances cash to small and medium-sized businesses which can be used for any purpose such as refurbishment, day-to-day working capital, advertising, purchasing stock – the list is endless.
The cash advance is determined by the customer’s historic credit/debit card transactions and provides finance against future credit/debit card sales.
How does it work?
In simple terms, the funder purchases, at a premium, your future credit and debit card transactions to provide you with cash now. The advance is repaid at a mutually agreed percentage deduction (between 10% and 20%) from future transactions until repayment is achieved (normally 7 to 9 months). The funder is paid back through retaining the predetermined percentage from each day’s business, so they only get paid when you make a sale.
The amount that can be raised is calculated on the average monthly card sales over the previous 12 month period, with a minimum advance of £3,500 and a maximum of £100,000.
Benefits to you:
- No application fees or hidden charges
- Simple application process
- Each case is assessed individually
- A quote can be provided in as little as 24 hours
- Cash advance remitted in as little as 10 days from application
- No security or personal/business guarantees required
- No fixed payments or fixed repayment term
- No penalties for late payment – it cannot happen
- Repayment directly linked to the customer’s turnover
- Funds can be used for any legal purpose
- Once 75% of the advance has been repaid, they will offer an automatic further advance
For more information, call our chief adviser, Nikki, now on 01794 302 812.
