Advantages

Residential mortgages require a minimum of 10% deposit of the property purchase price, the remaining 90% can be borrowed. In some cases, some lenders can offer 95% mortgages, with 5% deposits.

Process

Our application process from start to finish is pain-free and will not affect your credit rating. You could be approved in as little as 48 hrs!

1 – Complete a simple application form
2 – Receive a decision within 24 hours
3 – Funds directly into your bank with days

Still unsure?

Frequently Asked Questions (FAQs)

How do merchant cash advances work?

Our merchant cash advances are a quick and easy way to raise between £2,500 and £200,000 for your business. Unlike a regular loan, there are no fixed weekly or monthly payments. You simply pay back a small percentage of your credit and debit card sales, which means that you only pay us back when you sell to your customers. So if you’re having a quiet month, your repayments automatically reduce, which helps you manage your cash flow. There is an all-inclusive cost that gets added to the cash advance, so there are no interest charges, APR’s or late fees. Apply in minutes 90% approval rate Approval within 48 hours No security or business plans required Flexible repayments based on your card sales One simple all inclusive cost, that never changes, agreed upfront.

What are the advantages?

We understand that as business owners and entrepreneurs, your time is important and you need quick answers so that you can focus on your core business. That’s why we’ve designed our merchant cash advance funding process to be fast, simple and hassle-free. We don’t require business plans or security for our alternative business funding, and your cash advance will be approved in under 48 hours. The processing of the repayments happens automatically so there is no disruption to your business. Best of all, it’s a cash flow friendly solution for your business designed to match your business’ performance, so you pay us back when you sell to your customers. To find out more on how our cash advances are benefiting the UK’s small business owners, contact us

Cash Advance vs Bank loan

Unlike regular bank loans, there are no fixed weekly or monthly repayments on our merchant cash advance products. You simply pay back a small percentage of your credit and debit card sales, which means that you only pay us back when you sell to your customers. So when sales are down, the repayment amount is also low which helps you manage your cash flow, especially during quiet months. Instead of charging you interest on the cash advance based on the length of time it is outstanding, there is a single, all-inclusive cost added to the advance, so there are no APR’s or late fees. Best of all, the application process is much simpler than for a regular bank loan, and your cash advance will be approved in 48 hours and you can have the funds in your bank account within days. Compare the differences between a business cash advances and a bank loan, here.

How much can I borrow?

Our lending ranges from a minimum of £5,000 up to a maximum of £200,000. Typically we can offer up to 125% of your monthly card takings.

Will I be eligible?

Our minimum requirements for eligibility on a merchant cash advance are that: You have been in business for at least 6 months; Your average credit and/or debit cards sales during this period are at least £2,500 per month. Contact our customer services team to find out more.

What about Credit checks?

On first application and to get a provisional quote, no credit check will be carried out. Once provisionally approved however, and so as to comply with responsible lending regulation at underwriting, a credit check will be carried out. This search will not impact on your credit rating but will be visible to other financial organizations.

How can I apply?

Go to the MCA page, complete the form for a no-obligation quote. Alternatively you can email us on info@commercial.av-finance.co.uk and we can arrange a call to discuss.

Interest rates and APR? What are the charges?

Unlike a regular bank loan, there are no interest charges or APR’s on our merchant cash advances. Business Cash Advance providers measure their fees as a factor rate You pay a single, all-inclusive cost, which gets added to the cash advance and remains the same irrespective of the length of time it takes to repay. There are no application fees, admin charges or hidden extras. You only pay back a small percentage of your future card sales until the loan has been settled, meaning in slow times you pay back less and in good times you back quicker. Contact our customer service team for a no-obligation quote on our quick alternative to business loans.

How is it paid?

You repay a small, agreed portion of your credit and debit card sales, which then reduces the balance outstanding on an unsecured merchant cash advance. So if you are having a quiet month, the repayment amount is also low which helps you manage your cash flow. There is no fixed terms on an unsecured business loan with Cashflow Advance, so there are no additional charges if the advance takes longer than expected to repay.

Can I get ongoing funding or top-ups?

Yes, we can provide ongoing capital funding for small to medium UK businesses, who take out a merchant cash advance. Our unsecured cash advances are designed as a fully flexible alternative business funding solution, for small to medium UK businesses in need of capital finance.

Why is it good for my small business?

A funding solution that mirrors sales and puts no pressure on cashflow, is the perfect funding solution for small businesses. A merchant cash advance is the ideal business funding for growth solution in the UK. As no security is required, no business plan need be provided, and approvals are made very quickly. This alternative source of business funding carries no fixed term and borrowers are not tied into fixed terms with high APRs and late prepayment fees.