A PDQ cash advance is a quick and easy alternative to a bank loan, and will be repaid automatically in the background of the business.
A PDQ cash advance is an unsecured advance of cash, based upon future credit and debit card sales. A pre-agreed percentage of your business’ card transactions are taken to repay the loan, until the confirmed total payback has been met. As payback is directly linked to card takings, you’ll only pay back your advance when your business earns, no cash is touched.
Tell us how much you’re looking for, and what the business is intending to do with the funds.
Fill in app form and send back relevant info.
We will search the market for the most competitive offers for your business.
Approval within 24 hours.
Currently have an 85% acceptance rate
The money can be in your account within a matter of days.
Do I need to be a homeowner?
No, to qualify for a cash advance you do not have to be a homeowner, and you will not have to secure anything against a property.
What is a factor rate?
A factor rate is an alternative means to calculating the interest you will be paying back over the course of the loan. It is expressed as a decimal figure rather than a percentage.
What can the loan be used for?
Due to the loan being unrestricted, 9/10 you can use the funding to go towards any business expense. Most customers use this for growth; Refurbishments, Equipment purchase, Increase staff, Marketing etc.
How will the splits be taken?
The splits will be taken automatically by setting up an escrow account that will sit alongside your merchant account. Every transaction that is made through the PDQ terminals will be re-directed into the escrow account where the split will be deducted, the rest of the sales will be directed into your merchant account and then onto your bank provider. In most cases there will be a delay time of around 2-3 days.
Are there any sectors you don’t work with?
No, if you are taking card payments regularly and over the threshold of £2,500 a month you qualify.
I have a CCJ and my personal file has historic bad credit, will I still be accepted?
There are no guarantees, however due to the flexibility of this loan, CCJ’s and adverse credit can be considered, and many past cases have been approved with bad credit in place. There is an 85% acceptance rate on this product.
How long will I have to pay back the loan?
There is no fixed term on this product, as the loan is directly related to how many sales through the card terminals are made each month. However all loans are paid back within 12 months.
Do you work with all merchant acquirers?
Yes we do, however some are easier to deal with than others. The lenders we have access to work directly with FDMS, Elavon, Wordlpay and Lloyds Cardnet, however if you have an acquirer that is not once of these we can still work with you. However it may be a good idea to think about changing for the future.
Can start-ups utilise this product?
No, you have to be trading for at least 4 months.
How quickly can this be arranged?
This can be arranged same-day if everything is sent back quickly, however on average this takes around 5 working days dependent on who your acquirer is.
Why not speak to someone, and see how much your business qualifies for?
Call us on 01371 870815, alternatively email us at firstname.lastname@example.org
T: 01371 870 815 E: email@example.com Address: 104 Bellefield House, New London Road, Chelmsford, CM2 0RG
Registered in England: Trading under Timali Ltd
Registered Company No: 08401705