If your business takes card payments and needs a cash flow boost, then a Business Cash Advance (BCA) is the perfect solution. A Business Cash Advance – also known as a Merchant Cash Advance – is a type of lending based on future revenue and works like a business loan but with flexible – instead of fixed – monthly repayments.
With a standard business loan, you will receive a lump sum at the beginning of the term and continue to pay interest for as long as the amount is owed. This means that the total cost of the finance will vary depending on how long it takes you to pay the loan back.
The difference between a standard business loan and a BCA is that, with a Business Cash Advance, the total cost of finance is agreed upfront. Repayments are taken from your revenue, and as this method of repayment is proportional, you will pay back more when your revenue is higher and less when things are slower. The total cost of finance, however, does not change.
The funding can be used for any business purpose and is calculated on your business card takings. If you’re looking for the best Business Cash Advance loan, you’ve come to the right place. With our Business Cash Advance loans, you can borrow up to 175% of your monthly card volumes, from £3,000 to £150,000 and above.
We combine the stability of bank finance with the flexibility and speed of alternative lending platforms and continue to support growing companies with the finance they need to flourish.