How does business funding through cash advances work?
We know that cash flow is critical to every business, whether it is to pay your staff, suppliers, HMRC or finance growth plans through staff training, marketing campaigns or new premises.
Business funding through a merchant cash advance works by agreeing an unsecured loan against your customer transactions. This means the cost of monthly repayments can go up or down according to your income. Great news for you, as you know you can pay less if you have a quiet trading month!
This type of financing is an excellent alternative to other forms of funding. When the bank cannot, will not, or is too slow to lend, we know we can help you.
Three steps to peace of mind through UK Business Buddy*
1. Speak to your UK Business Buddy Associate
You’ll need to have a clear idea of your monthly card revenue and be able to tell us how long your business has been operating.
2. Sit back and have a cup of tea
UK Business Buddy will do all the hard work for you, balancing your requirements with what our trusted providers can offer.
3. Choose your best funding option
Your Associate will provide you with a presentation of the funding options available. All you need to do is choose the best option suited to you and you can receive your funds within days.
The advantages of merchant services cash advances
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Super-quick
With all the details in place, you can get funding within days
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Adaptable
Your payments are linked to your income, so will never leave you out of pocket
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Full support
UK Business Buddy is your dedicated relationship manager
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Unsecured
Cash advances do not require security or business plans
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Simple application
We do the leg work for you, and frequently get 90% approval rate
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No hidden costs
There are no APRs or admin fees to account for, it's all covered
*UK Business Buddy is not a broker, but acts solely as a sourcing service, finding you the best deals for merchant cash advances.
