Finance Brokers in Penryn
46 Kernick Road
A Merchant Cash Advance is a very simple way for businesses to get finance from future card sales. It is suitable for any small to medium business which receives part or all of its turnover through card sales, what makes it so effective is that your business only pays off the cash advance as your business makes money. So in effect, it is a much simpler way of factoring finance which would involve your bank contacting your businesses customers to ensure that they will be able to pay any future payments to your business.
A merchant cash advance is a great new way to get business funding from future card transactions. Already popular in the United States, this system is perfect for any business which accepts cards as a method of payment. A merchant cash advance allows your business to get an advance on future card sales your business gets so is perfect for businesses which have seasonal fluctuations in sales or needs funds for expansion. The really great thing about a merchant cash advance rather than a bank loan for example, is that your business will only pay a percentage of future card sales to pay back the advance, so if your business is quiet it doesn't matter. This is what makes it a great method of funding for all sorts of businesses from shops to hotels.
There are currently no reviews for this company
All fields are required. Your review will appear immediately.
A merchant cash advance is ideal for businesses which need short term finance coupled with flexible repayments. If you need short term unsecured funding then a merchant cash advance can be a great alternative to a bank loan.
Monday to Sunday: 9am - 5:30pm