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          Business loans up to £500k, without the need to secure on property or assets.

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          Business loans up to £2M, secured against a UK property by way of 1st or 2nd charge.

        • Asset Finance

          Acquire new or used equipment, machinery or vehicles and spread the repayments over 1-6 years.

        • Merchant Cash Advance

          Borrow up to 2x your monthly card sales and repay through a small % of your future takings.

        • Invoice Finance

          Release up to 90% of your owed invoices, either through a selective or whole debtor book facility.

        • Bridging Loans

          A short term facility, allowing you to raise quick capital by securing on a UK property.

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          A pre agreed credit facility, allowing you to dip in and out for future funding requirements.

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          Secure construction business funding here.

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          Funding for staff, inventory, marketing, & more.

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          Finance solutions for recruitment agency growth.

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          Quick online applications for healthcare loans.

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          Fast funding solutions for restaurant businesses.

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          Secure financing for your wholesale business.

  • About
  • Knowledge Hub
  • Contact Us
        • What type of funding options are you looking for?

        • Recovery Loan Scheme

          A government backed loan to support businesses affected by the pandemic.

        • Unsecured Business Loan

          Business loans up to £500k, without the need to secure on property or assets.

        • Secured Business Loan

          Business loans up to £2M, secured against a UK property by way of 1st or 2nd charge.

        • Asset Finance

          Acquire new or used equipment, machinery or vehicles and spread the repayments over 1-6 years.

        • Merchant Cash Advance

          Borrow up to 2x your monthly card sales and repay through a small % of your future takings.

        • Invoice Finance

          Release up to 90% of your owed invoices, either through a selective or whole debtor book facility.

        • Bridging Loans

          A short term facility, allowing you to raise quick capital by securing on a UK property.

        • Revolving Credit Facility

          A pre agreed credit facility, allowing you to dip in and out for future funding requirements.

        • What type of funding options are you looking for?

        • Construction Finance

          Secure construction business funding here.

        • E-Commerce Funding

          Funding for staff, inventory, marketing, & more.

        • Recruitment Agency

          Finance solutions for recruitment agency growth.

        • Healthcare Business

          Quick online applications for healthcare loans.

        • Restaurant Business

          Fast funding solutions for restaurant businesses.

        • Wholesale Funding

          Secure financing for your wholesale business.

  • About
  • Knowledge Hub
  • Contact Us
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Compare Merchant Cash Advances To Help Your Business Grow Purchase Stock Employ Staff Expand Pay Suppliers

It takes minutes to apply, there’s no effect on your credit score, and you can obtain decisions within 24 hours.

No APR

Just a single fixed fee

£5,000 +

Monthly card turnover

VARIABLE

Loan term

£5k - £500k

Funding requirement

Our lending partners

Merchant Cash Advance

A merchant cash advance could be your key to unlimited success. At Aurora Capital, we work with some of the best cash advance companies in the UK, and we’re here to help you secure quick deals that you can trust. Find out how your business could benefit from a quick merchant cash advance application.

What is a Merchant Cash Advance?

Key features

  • Suitability: Businesses taking at least £5k per month through an online payment processor or card terminal..
  • Purpose: Can be used for any business expense.
  • Amount: Loans ranging from £2.5k – £2m, dependant on the lender. You will typically be able to borrow up to 2x your monthly card takings.
  • Term: This will vary, as you will only repay a fixed percentage of future card takings – no cash will be used towards repayment.
  • Cost: No interest or APR. Just a single, fixed, pre-agreed fee.
  • Security: Personal guarantees may be required form owners/directors of the business. Some lenders do not require this.
  • Speed: Applications can be processed within 24 hours from receiving a full proposal. Drawdown times will depend on your card acquirer.

Repayments at the source

You won’t have to worry about knowing which date your payment will be taken, or whether you have enough in the bank – repayment is ‘taken at source’. This means the funds will not reach your account before being taken out again. The lender works with the card acquirer directly, and the payments are taken automatically until the entire debt is paid.

Repay as you earn

The more you earn, the more you pay back. A particularly busy period for your business would mean more of the loan being paid back, however during a quiet period, the lender would require less. You therefore won’t have to worry so much about whether you have enough funds to cover the repayments, as they are always made as a percentage of your daily business revenue.

Access other finance options

While it may be difficult to secure more than one regular business loan, having a Merchant Cash Advance doesn’t hinder your ability to have another type of finance at the same time. You can use your PDQ Cash Advance for general cash flow while having a different type of business loan for other vital business needs.

Generally speaking, most limited and non-limited companies, including partnerships, are eligible for a UK merchant cash advance small business loan. The main requirement is that they have been taking card payments for at least 4 months through a PDQ terminal or an online e-commerce store.

 

To qualify for a cash advance, you do not have to be a homeowner and will not have to secure anything against a property. There are no specific sectors that are exempt from this type of loan. Providing you take regular card payments and fulfill the monthly threshold of £5k, you should qualify.

Businesses will not always be accepted for a merchant cash advance loan at first. There could be a number of reasons for this, but even if you’re initially rejected, there is still hope.

 

It could be that your card takings are lower than what is required in that particular month, or that your business hasn’t been trading long enough. In either instance, there is still a chance that you can get yourself a merchant cash advance in the very near future.

 

  • If you are below the financial threshold of £5k, an option may simply be to increase your card takings. You can do this by firstly ensuring your PDQ machine is on show so your customers know they can pay by card, and also drawing as much attention to your card machine as possible to get customers using it frequently.
  • If you are a newer company and haven’t made the 4 month threshold, simply waiting for those 4 months to be over before applying again is the best route to take.
  • Look into marketing your business further to increase your debit card takings

 

If you are unable to increase PDQ payments and are in desperate need of a business cash advance, we have other options available. Maybe you need to get more inventory? Or you’re in need of a new boiler? There are other ways you can get funding for these mishaps. Speak to us today to learn more about different types of small business loans and cash advances you might be eligible for if merchant cash advance direct lenders are unable to provide the capital you need.

As mentioned, merchant cash advances are loans which are repaid through a business’s transactions via a PDQ machine.

 

Below is an example of a PDQ Cash Advance:

 

  • A retail store is looking to purchase some more stock to meet the growing demand of their customers.
  • The store has been averaging around £30k per month in card sales over the last 12 months. Typically lenders can offer up to 150% of a company’s monthly average card sales. This means this particular business can borrow up to £45,000.
  • The lender agrees to lend £45,000 with a 15% repayment split, this means that each future transaction will incur a 15% charge to repay the facility.
  • The customer receives the funds and continues to repay the facility until the pre agreed fixed total payback figure has been met. The total payback figure is fixed and will not change throughout the term.
  • Once 50% of the facility has been repaid, you could be eligible to request a top up and continue to use the facility as an ongoing credit line.

The repayments will be taken automatically at source from your merchant account; therefore you will not need to make any manual repayments. Some lenders provide you with a repayment dashboard that will allow you to track your repayments.

 

Unlike bank loans, there is no fixed term on this product, as the loan is directly related to how many card terminal sales are made each month. However, all loans are typically paid back within 12 months. Loans can be arranged same-day if everything is sent back quickly, but on average this takes around 5 working days depending on lenders, your credit score, and your predicted future credit card sales.

Repayments at the source

You won’t have to worry about knowing which date your payment will be taken, or whether you have enough in the bank – repayment is ‘taken at source’. This means the funds will not reach your account before being taken out again. The lender works with the card acquirer directly, and the payments are taken automatically until the entire debt is paid.

Repay as you earn

The more you earn, the more you pay back. A particularly busy period for your business would mean more of the loan being paid back, however during a quiet period, the lender would require less. You therefore won’t have to worry so much about whether you have enough funds to cover the repayments, as they are always made as a percentage of your daily business revenue.

Access other finance options

While it may be difficult to secure more than one regular business loan, having a Merchant Cash Advance doesn’t hinder your ability to have another type of finance at the same time. You can use your PDQ Cash Advance for general cash flow while having a different type of business loan for other vital business needs.

Generally speaking, most limited and non-limited companies, including partnerships, are eligible for a UK merchant cash advance small business loan. The main requirement is that they have been taking card payments for at least 4 months through a PDQ terminal or an online e-commerce store.

 

To qualify for a cash advance, you do not have to be a homeowner and will not have to secure anything against a property. There are no specific sectors that are exempt from this type of loan. Providing you take regular card payments and fulfill the monthly threshold of £5k, you should qualify.

Businesses will not always be accepted for a merchant cash advance loan at first. There could be a number of reasons for this, but even if you’re initially rejected, there is still hope.

 

It could be that your card takings are lower than what is required in that particular month, or that your business hasn’t been trading long enough. In either instance, there is still a chance that you can get yourself a merchant cash advance in the very near future.

 

  • If you are below the financial threshold of £5k, an option may simply be to increase your card takings. You can do this by firstly ensuring your PDQ machine is on show so your customers know they can pay by card, and also drawing as much attention to your card machine as possible to get customers using it frequently.
  • If you are a newer company and haven’t made the 4 month threshold, simply waiting for those 4 months to be over before applying again is the best route to take.
  • Look into marketing your business further to increase your debit card takings

 

If you are unable to increase PDQ payments and are in desperate need of a business cash advance, we have other options available. Maybe you need to get more inventory? Or you’re in need of a new boiler? There are other ways you can get funding for these mishaps. Speak to us today to learn more about different types of small business loans and cash advances you might be eligible for if merchant cash advance direct lenders are unable to provide the capital you need.

As mentioned, merchant cash advances are loans which are repaid through a business’s transactions via a PDQ machine.

 

Below is an example of a PDQ Cash Advance:

 

  • A retail store is looking to purchase some more stock to meet the growing demand of their customers.
  • The store has been averaging around £30k per month in card sales over the last 12 months. Typically lenders can offer up to 150% of a company’s monthly average card sales. This means this particular business can borrow up to £45,000.
  • The lender agrees to lend £45,000 with a 15% repayment split, this means that each future transaction will incur a 15% charge to repay the facility.
  • The customer receives the funds and continues to repay the facility until the pre agreed fixed total payback figure has been met. The total payback figure is fixed and will not change throughout the term.
  • Once 50% of the facility has been repaid, you could be eligible to request a top up and continue to use the facility as an ongoing credit line.

The repayments will be taken automatically at source from your merchant account; therefore you will not need to make any manual repayments. Some lenders provide you with a repayment dashboard that will allow you to track your repayments.

 

Unlike bank loans, there is no fixed term on this product, as the loan is directly related to how many card terminal sales are made each month. However, all loans are typically paid back within 12 months. Loans can be arranged same-day if everything is sent back quickly, but on average this takes around 5 working days depending on lenders, your credit score, and your predicted future credit card sales.

Get your free, no
obligation quote Today!

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£10k
£ 50000
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Prefer to talk? Call us on 020 3355 7462

Securing business funding:
How it works

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Apply Online in minutes

We cater to any sized business, so to apply for business funding, we only need you to share basic information about your company. Your application will take a few minutes, and our experts are always happy to assist with any questions you have about specific loan types or alternative finance options.

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Our LendTech technology will compare our trusted panel of lenders and match you with your most suitable finance option. Each business funding option is different, and we’ll help to make sure you’re fully clued up on the terms and conditions as well as indicative repayment details.

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One of our funding specialists will discuss the available options with you and guide you through the process from application to approval. Once approved, the funds can be deposited in a matter of hours.

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Merchant cash advance: FAQs

You can borrow up to a maximum of £2m. Normally, we can lend up to 2x average monthly card takings. For example, if you are taking on average £50k per month in card sales, we would be able to lend up to £100k.

Rather than charging interest rates, lenders will charge a single fixed fee, also known as a factor rate. Factor rates can range from 1.10 – 1.30. Therefore, a typical advance of £10,000 will cost between £1,000 – £3,000. This is a fixed cost, so you will know exactly how much you will be paying across the facility.

Yes – while this type of loan might seem like a win-win situation on paper, it is not the most suitable finance option for everyone. If your business deals mostly with cash, invoices or bank transfers, it’s likely that you wouldn’t benefit as much from a PDQ Cash Advance. This is because the repayments are made through card transactions, so it’s most beneficial if this is your business’s most used form of payment.

 

There is also a limit to the amount you can borrow based on your monthly turnover. You’ll usually be able to borrow the equivalent of your average monthly revenue, but it would be difficult to obtain this kind of loan for a larger sum. This is because it must be paid back via card payments, so if your company isn’t making enough money, you wouldn’t be able to pay it back.

We can look to assist companies that have been trading for longer than 6 months and have card takings of at least £5,000. Cash advances are not available for start-ups.

Once your application is submitted, and with your permission, we will run a credit check on the business, as well as its directors.

Repayment will happen automatically as a fixed percentage of daily sales. For example, if your repayment is 20% of daily sales and you made £1,000 in sales on a given day, then £200 would go towards repayment and £800 would go to you. On days without sales, you will not repay anything.

Cash advances are variable, as the repayments can vary month to month depending on how much you take in card sales. Typically, each agreement will run for 12 months.

Prefer to talk? Call us on 020 3355 7462
4.9/5 based on 100+ by happy customers