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Am I eligible for a 365 Finance Merchant Cash Advance?
Has your business been trading for a minimum of 6 months?
Does your business’ monthly credit and debit card sales exceed £10,000?
You’re eligible
Get a quoteYou must take at least £10,000 per month in card sales and have been trading for at least 6 months
Request a callbackWhat is a Merchant Cash Advance?
Rather than monthly repayments with interest, repayments are automatically taken as a small fixed percentage of your daily card sales, so you only repay more when your business is doing more.
It’s designed to work with your cash flow, not against it. No interest. No APR. No pressure.
How much capital does your business need?
Use our calculator and see how Rev&UTM could help your business.
£60,000
funding received
£100
for every card transaction
85% = £85
goes to your account
15% = £15
goes to 365 finance
Unlike a traditional loan, repayments mirror the ups and downs of your business.
Repayments are automatic and based on a small percentage of your monthly card sales. So when business is slow, repayments are low – and when business is good, you pay a bit more. Not only does this remove the stress of a traditional high street loan, it is also perfect for seasonal businesses.
How Merchant Cash Advance repayments work
1
Agree fixed percentage
We agree a fixed percentage of your credit and debit card sales to repay the business cash advance (typically between 5% and 15% of your card sales).
2
Make card sales
You sell to your customers on your credit and debit card terminals as usual.
3
Repay automatically
The pre-agreed percentage is automatically deducted from your daily transactions at point of sale.
4
Receive money in your account
There is no change to the time it takes for you to receive the remaining money from your sales.
5
Reduce balance outstanding
The daily amount deducted reduces the balance outstanding on the cash advance.
6
Stop automatically
Collections stop automatically once the cash advance has been repaid in full.
Simple, quick, easy funding to grow your business
A merchant cash advance is the ideal funding for merchants looking to grow and expand their business. Use your debit and credit card sales to raise capital for your business, today.
Instantly receive funds to use on any business requirement, such as:
- Increase your working capital to pay employees, suppliers and other creditors to fuel business operations and avoid cash flow problems.
- Purchase equipment, vehicles and other items to increase efficiency and develop a stronger, more effective business.
- Expand your business by opening up a new location, hiring more staff or launching new products, services and offers.
- Advertise your existing products and services to bring in new customers and grow your sales revenue.
- Purchase the lease on your premises to own your location and enhance your retail or food service business.
Benefits of a merchant cash advance vs a business loan
At 365 Finance, we offer unsecured business funding to thousands of SMEs in the UK, particularly businesses operating in the hospitality, retail, and leisure industries. Our funding is an affordable and flexible alternative to a bank loan, and a great option for merchants looking for quick, short term finance. In comparison to traditional bank loans, the benefits of a merchant cash advance include:
- 90% approval rate
- Approval within 24 hours
- No interest rates, APRs or fixed payments
- No late penalties or hidden fees – agree on one, upfront cost that never changes
- Flexible repayments based on a small percentage of your future debit & credit card sales
- No security or business plans required
- Bad credit or poor credit history isn’t a barrier to receive funding
- Short repayment period, with the advance typical repaid within 5 to 10 months
- Repayments are automatic and simple, as they are processed via transactions taken from your card machine
A merchant cash advance responds to the dilemmas commonly faced by small to medium sized businesses in the UK that are faced with unexpected bills and fluctuating sales revenue.
Behind thousands of SMEs in the UK
We are supporting thousands of SMEs in the UK, helping them to build a solid foundation for long term business success.
A simple and secure way to finance your business
Apply in minutes
Complete the application form. It takes less than 5 minutes!
Relationship manager
Be allocated a relationship manager to assist with any queries.
Approval under 24h
A decision will be made under 24h.
Get your cash advance in days
Funding directly into your business bank account within days
Useful information
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*subject to credit