Card Machine Loans

Card machine loans are a type of business finance where repayments are linked directly to your monthly credit and debit card sales. Unlike traditional loans, where you sign up for fixed monthly repayments, you pay back a small percentage of daily transactions. Thanks to the flexible nature of these types of loans, it’s become a popular option for seasonal SMEs.

Unlike bank loans, card machine loans require no collateral, fixed interest rates, or lengthy approval processes. What you pay will rise and fall in line with your sales, so your quieter months never have to feel overwhelming.

Some of the key benefits of debit and credit card machine loans include:

• A repayment schedule that works with your revenue
• No fixed monthly payments
• Flexible and quick to access

Card machine loans from 365 Finance are available to businesses that process payments through most providers, including: Lloyds Cardnet, Elavon, Worldpay, Global Payment Solutions, Allied Irish Bank, Barclaycard, First Data and Stripe.

Card machine loans are a flexible way for small and medium-sized businesses to access working capital, particularly in sectors where card payments account for the majority of revenue.

If you run a restaurant or café, you may need some extra funds to help cover the cost of kitchen upgrades, seasonal menu launches or hiring additional staff during busy periods. Similarly, retailers often use card machine loans to refresh store layouts, invest in new stock or prepare for peak trading times such as Christmas or Black Friday. 

A beauty salon owner may decide to put the funds towards new treatment chairs, specialist equipment or staff training to expand their service offering. In hospitality and leisure, businesses frequently use this type of finance for refurbishments, marketing campaigns or covering running costs in quieter months.

Because repayments flex with card sales, card machine loans give businesses the freedom to invest where it matters most, without the stress of being tied into fixed monthly payments.

Card machine loans work very differently from your traditional bank lending, offering a more flexible and accessible route to funding for SMEs. 

Rather than your approval relying on collateral, lengthy applications or fixed repayment terms, it’s all based on your business’s card sales. Not only does this make the whole process quicker, but it’s also much more aligned with how modern businesses operate.

Here’s how card machine loans differ from your typical lending solutions from traditional banks: 

• No collateral required. Your approval is based on your monthly sales, not the assets your business owns.
• No fixed monthly repayment. When your customers pay you, a small amount will go towards paying off your loan.
• Fast approval. We offer quicker and less paperwork than bank loans, with applications going through in as little as 24 hours.
• Flexible repayment model. Repayments work in line with your sales cycle. So, if you have a slower month, you won’t be paying as much back as you would during peak season.

Considering all of these points, card machine loans are especially useful for SMEs that need adaptable finance options.