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Get a Quick Quote



MERCHANT CASH ADVANCE


ACCESS £5K TO £200K FROM PDQ FUNDING IN 24 HOURS

PDQ Funding are a leading UK based business funding provider that offer an
alternative finance solution known as a merchant cash advance.

Your business can receive an instant cash injection of up-to £200,000,
repayments are simply made by using a small percentage of your customer card
sales.

Our business finance solutions are unsecured, meaning it is not stacked against
any assets the company may have.




GET INSTANT APPROVAL ONLINE NOW

No security or business plans required
Approval within 24 hours. 90% approval rate
Apply for a merchant cash advance in minutes
Flexible repayments based on your card sales






Funding Required?

Less than £5,000£5,000 - £15,000£15,000 - £30,000Over £30,000

Average Monthly Card Sales?

I do not accept credit or debit cardsLess than £5,000£5,000 - £15,000£15,000 -
£30,000Over £30,000







I confirm that I've read and understood the Data Protection Statement





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3 STEPS TO HELP WITH THE GROWTH OF YOUR VENTURE


AN ALTERNATIVE FUNDING SOLUTION FOR SME’S IN THE UK

ACCESS £5,000 – £200,000 IN 24 HOURS



APPLY IN MINUTES

Use your future credit and debit card sales to raise a unsecured business loan,
today.



GET YOUR FUNDS IN DAYS

You’ll receive the lump sum directly into your bank account to use on any
business requirement.



WATCH YOUR BUSINESS GROW

You repay a small portion of your credit/debit card sales. Repayments are
automatically processed and hassle-free.


GET A QUOTE




WHAT IS A MERCHANT CASH ADVANCE?

A merchant cash advance is an unsecured short term lending finance option, it
uses a card payment terminal to secure future borrowing. This type of funding is
already proving very popular with UK SMEs as its fast and flexible and allows
growth without the needs for security or debenture from the company. Any type of
company that uses a merchant gateway to receive payment via a PDQ machine can
apply to get finance with us.

The process will allow funding to be released against your future card sales.
The amount of funds made available to you is mirrored with your average monthly
card transactions. Repayments are set at a pre agreed percentage of each sale
until the advance is paid off.

Typical repayment timescales for merchant cash advances are anything from 6 to 9
months, but dependent on your businesses history it can be can be as long as 18
months term. Once a positive repayment history has been demonstrated, usually
about half way though the repayment process, you can apply to gain new funding.
This will allow the amount that is borrowed and allow an extension of the term.

Unlike traditional bank funding options merchant cash advances have no interest
rates set, just one simple repayment. One of the great aspects of this type
of short term business funding option is there is no hidden fees, it is a
perfect solution for businesses looking additional funding

Our business funding is a perfect alternative to high street business loans, it
allows business owners to expand payment terms, helps with cash flow and help to
grow your business, these are just a few of the benefits with a cash advance.


HOW DOES A MERCHANT CASH ADVANCE WORK?

A merchant cash advance works by using your future customer card payments to
advance a single payment of cash to your business. This is then repaid back
using a small percentage of your future card sales.

The percentage that you are asked to repay is agreed upfront so you have clear
visibility of the schedule. A monthly merchant transactions turnover dictates
the sum you will receive by way of the advance. As a minimum criteria should be
constantly taking about £5,000 per month in card volumes to qualify in card
revenue, you can find this on your merchant statements. If your business is
achieving a good volume of credit card sales on a monthly basis, but has a cash
flow need, our facility is a fantastic way of acquiring the extra funds your
business to grow.

It works through an agreement set by the provider and the business, once the
agreement is set the outlay of the merchant cash advance. In it will be such as
the payback, advance amount, and holdback percentage will be discussed and an
agreement between both parties will be made.

When the agreement is made, the advance is transferred to the business’ bank
account in exchange for a future percentage of receivables or card receipts,
these are your customer card transactions.

After the agreement has been made you business agreed on the percentage of
revenue through credit card purchases are withheld according to agreed the
percentage. The withheld percentage will pay back the sum that was initially
borrowed. This practice will continue until the advance has been paid. Access to
a business owner’s merchant account eliminates the collateral required for a
traditional small business loan.

A fixed percentage is taken from every sale, meaning that the more payments made
(transactions) the faster the advance is paid off. This rule also applies if the
business has fewer transactions in a particularly slow term. The balance will
still be getting paid but within less time. Meaning the business pays back the
advance that is tailored directly to the business intake of merchant cash
deposits

Here’s an example of a typical repayment:

In this example a small retail outlet processes £10,000 per month via their card
terminal, this allows an advance of £10,000 to the retailer. The owner of the
business pre agreed that 10% of their business card sales will be used towards
the rsettlement of the loan with the merchant cash advance lender at the start
of the arrangement.

The independent retail business turns over £10,000 on average every month in
card sales, the owner is expected to repay £1,000 (10%) every month until the
loan is fully repaid.

As there is no there is no set repayment term, it is predicted the business will
repay the total advance amount of £12,000 in approximately twelve months. The
payback period is flexible and may be shorter or longer, depending on sales.
Remember, you only pay back when you sell to customers. Average repayment times
are 4 months – 6 months as there are not a fixed repayment schedule.

You might look at these figures and think “I’ll be paying 10% interest”, but
that’s not the case. With a merchant cash advance, repayments are taken from
your revenue — so the 10% figure doesn’t refer to interest, but rather the
proportion of your revenue that will go towards paying back £12,000.

The most important thing to understand it is done on a proportional basis. An
advantage to this is repayments are mirrored in line with your sales, and the
payback period is dependent on your sales cycle. The great benefit is that
the total cost of finance doesn’t change. Meaning you will repay £12,000 without
any compounding interest.

This method of repayment means that merchant cash advances are more flexible
than bank loans, because instead of a fixed monthly repayment that has to be met
regardless of your sales, the amount you repay goes up and down each month in
line with your sales.




BUSINESS CASH ADVANCE ADVANTAGES

Every venture needs capital from time to time but a bank loan isn’t always
accessible. A Business Cash Advance offers a very different way of receiving a
financial boost but without so many restrictions on the repayments. This type of
additional funding allows a merchant cash advance company rights to claim a
proportion of your future sales in return for advancing an agreed and set amount
of cash upfront. Working close with your merchant gateway and card terminal
provider, the business cash advance direct lender will receive an agreed
proportion of future transactions until the cash advance is paid off.

This amount is set and agreed is usually round 10% per transaction, this is
deducted from future card sales, and goes towards paying back the loan. Every
time a sale is made and processed via your PDQ Card machine, if the sale has a
value of £100.00, the revenue you will receive is £90.00. The remaining amount
of £10.00 will then go to the merchant cash advanced lender to make repayment
towards the advance.

The main advantage with this type of borrowing is that there is no credit
checks, so this type of borrowing can be very quick to arrange. Most lenders can
arrange for funding to be in place within 48 hours. The funds will arrive in
your companies account soon after. Probably the best advantage is due to your
sales determining the amount you can borrow there is no need to give personal
guarantees or any other kind of security

Some of the features and benefits of a business cash advance.

  Alternative business funding product

 Advance amounts up to £200,000

 Companies with bad credit welcome to apply

Fixed monthly payments and no APR

Security is not required

Credit and debit card sales used to raise funding

Application process is quick

Cash availible to draw down in days

Repayments are made via a small percentage of your monthly credit/debit card
transactions

Ideal funding solution for small to medium-sized ventures

Approval rate for applications is about 90%

We offer an alternative cash flow finance to UK based businesses, this product
is known as a business cash advanced. Our advance of future revenues allows
access to funding of up to £200,000 with repayments that are manageable. We
believe our service offers UK business an alternative to bank loans and is
designed for small businesses without the need of a business plan.

Cash advance loan amounts are based on the amount of income you make from credit
and debit cards and the repayments are linked to this amount as well.


QUALIFYING CRITERIA FOR A MERCHANT LOAN ADVANCE

Qualifying criteria for a merchant loan advance is far more relaxed than
traditional finance. The exact eligibility requirements will vary between
lenders but as a general rule of thumb for UK businesses, you need take use a
card terminal to take payments and meet the following criteria to qualify for a
merchant cash advance. The business should have a trading history of six months
or more.

UK based company
Accept credit and debit card payments
A minimum of 6 months trading
A strong history of card payments with a minimum monthly turnover of £5,000 per
month in sales revenue

Lenders may want to take a look at your credit history by way of a soft credit
check, these are less intrusive compared to other types of borrowing and does
not leave a footprint.




FREQUENTLY ASKED QUESTIONS

How much can my business borrow?


The amount you can borrow is dependent upon your monthly card takings turnover,
this is taken as an average over the last six months. The greater the sales
turnover that goes through your card machine, the larger amount you can get
advanced. If your business has a monthly average of £10,000 in sales via your
PDQ Machine per month. The amount of funding you qualify for would be the same
amount. Subject to underwriting the funding you could receive via a merchant
cash advance could be up to 150% of your monthly card turnover meaning you could
receive a larger sum. Credit levels that are available to your business via a
lump sum are generally between £5,000 and £200,000. It has been known to support
businesses with greater amounts.

What is the term can I borrow for?


Merchant cash advances are a short-term funding product meaning the term of the
loan has a maximum of 18 months. The repayment time is dependent on your
business performance from your credit card payments or debit card payments. This
is great is sales are slow, meaning you pay back less, when sales are good the
amount is paid back faster. Typical periods to make repayments are 6 to 8
months. As it is classed as flexible finance repayments can be as short as 4
months and stretch to a maximum of 18 months. Subject to affordability and the
companies repayment history you will be offered an option to top-up your
funding. This will allow you to increase the borrowing and extend the current
term.

Will my business qualify?


Your business needs to meet certain criteria to qualify for funding. It has to
be a limited company, partnership or sole trader with a registered office based
in Scotland, England and Wales. Customers must pay via a PDQ machine or online
sales through an ecommerce merchant gateway provider. There is a number of
industry types & trades that qualify for a business cash advance. The following
examples is not a comprehensive list. Don’t panic if your business type is not
shown: hospitality and retail, shops, restaurants, hotels, coffee shops, cafes,
MOT service stations and garages. The all receive payments from their customers
via card payments. Your business needs to have been trading for a period of six
months and turning over at least £5,000 in card sales a month.

How much does the Merchant Cash Advance cost?


Costs of a merchant cash advance are based on our pricing structure, this is
based on a number of factors, each business is unique and so are our quotations.
Commercial finance is based on a straightforward calculation of a number of
factors. The cost to your business is calculated on something that is called a
factor rate, this gives you a total repayment figure. When you make a sale and
your customer pays by card a percentage of that sale goes to make the repayment
of the loan amount until it is paid off in full. It is one simple payment there
are no other charges or costs associated with this type of borrowing. To
establish a costing the lender gives you a factor rate based on your monthly
card turnover . This will dictate the risk, and gives the percentage of each
sale that is required to repay back to the lender.

Are the monthly repayments fixed?


The monthly repayments are not fixed! This is not classed the same was as a
business loan, there is no APR or fixed term. As it is based on your card
payments within your business, there is no set repayment term. A small repayment
is taken on each transaction until the advance is repaid in full. This type of
finance works well with businesses that have seasonally adjusted sales.

Will my credit rating be affected by making an application?


No soft credit checks are carried out during the application process. Once you
have been approved for finance, lenders will make a hard credit search against
your company, this is carried out by a credit reporting bureau. Warning late
payment and missed payments may affect your credit score causing make money
problems.

We process payments online can you help?


E commerce businesses work in the same way as if you are a bricks and mortar
type of business who use standard PDQ merchant terminals. If your Ecommerce
business uses an online payment processer such as Stripe, Worldpay Online,
Shopify Payments, Paypal Online payments, SagePay, Amazon Pay, Payoneer, Klarna,
Adyen, 2Checkout or any other online payment gateway, merchant cash advance
lenders UK will be happy to work with you.


What is a factor rate and how is it calculated?


Factor rate’s are used by lenders to determine the total repayment value of the
borrowing. A factor rate is a calculation whereby the amount of funding required
is simply multiplied by the factor rate figure (The common percentage used is
between 1.1 and 1.5).

Using the following example, let’s say your business borrows £5,000 based on
your monthly sales volume, and a factor rate at 1.25 is set by the lender. This
amounts to the following : cost of finance : £5,000 x 1.25 = £6250.

Lenders set the factor rate on a number of set performers such as your business
trading performance, what is the escort you are training in and other risk
elements associated with the business. Our expertise within the finance world
allows us to ensure you get you get competitive factor rates, this allows you
access to some of the best rates on the market.

Settling your merchant cash advance early


The amount which you are required to pay back is set when you take out the cash
advanced sum. The length of time that it takes you to repay off the total amount
is depend on the value of the card transactions that you take from your
customers. Our experience has shown many businesses find that once they have
spent the business cash advance on the items or services they need to build
their businesses, they have seen a sharp increase in the value of their sales.
Due to the growth of their business and increased sales receipts it enables them
to repay the outstanding amount they owe earlier than planned. Should you decide
on a PDQ Funding advance, an application to refinance the original amount or
more once 60% of the original advance has been settled.

Are merchant cash advances a good idea?


Although fees can be slightly higher than traditional business finance from a
bank, merchant cash advances can deliver a number of benefits for your business.
This type of funding allows access to business finance in a shorter time than a
high street bank, decision in principle for approval can be made in within just
24 hours.

Application processes are quick and simple with a minimal paperwork required.
This is due to the lender requesting all the information requested from your
merchant provider.

Is a Merchant Cash Advance a Loan?


Merchant cash advances technically are not a loan, it is an advance based upon
the future revenues of credit & debt card sales. In short you are selling future
revenue to a lender, these are then purchased at a discount.

Rates on this type of lending are competitive, it also offers more flexibility
compared to high street providers. Businesses must has a steady stream of credit
card payments, monthly minimum of £5,000. SME owners considering this option
should make sure he or she understands the terms being offered so they can make
an informed decision about potential ROI.

Are Merchant Cash Advances regulated by the FCA?


A business cash advance is not currently authorised and regulated by the FCA
(Financial Conduct Authority) in the UK. This allows the product to be fast &
flexible. Lenders will offer funding products that, they will advise if the
product is FCA regulated in the United Kingdom.

Merchant Cash Advance Calculator


A merchant cash advance calculator allow you to calculate the merchant cash
advance repayments based on your required loan amount, card turnover and your
chosen factor rate, you can do this with our easy to use calculator.



We are a broker, not a Lender. We do not charge you a fee for using our
services. We receive a commission from the lender we successfully introduce you
to.

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