Card Machine Cash Advance
Do you use a PDQ Card machine? If so, At least 100% of monthly card turnover is available within 24-72 hours. THINK have access to a large panel of business lenders that are prepared to lend money against card transactions.
What is a merchant cash advance?
Merchant cash advances or Card Machine Cash Advance was THE big and new product in alternative business finance a few years ago. It is still proving extremely popular with retail businesses, the leisure sector and hospitality.
A merchant cash advance uses your merchant card terminal to ‘assess turnover and therefore the lenders ‘security’ — perfect for businesses without assets, but who have a good volume of turnover each month. Repayments are then taken as a percentage of your card machine revenue, making it a fast funding solution for many UK SME’s.
There is no need for a credit score
Is a merchant cash advance for you?
Any business that used a card machine is eligible. With a merchant cash advance, the lender communicates direct with the terminal provider to ensure visibility on transactions, and how much money is passing through the terminal.
All businesses that receives payment via a card terminal can get a merchant cash advance… and due to simplicity of the underwriting process, funds can be accesses in hours — making it a great lending product for businesses that don’t have valuable assets, or need funds fast.
- Cash advances between £2,500 – £700,000 (Typically)
- No security required
- Funds available within 24 hours of application
- No business plans required
- Flexible repayment options