Payment Processor Cash Advance
Flexible finance designed as an alternative to traditional bank loans.
Payment Processor Cash Advance
As business evolves and we move towards a cashless society, so the role of the debit and credit card plays a greater role in not only the way we purchase goods at a consumer level, but also in the way businesses are run, managed and financed.
Businesses that transact through debit and credit card terminals can now finance the growth of the business with a product known as a merchant cash advance or business cash advance. This flexible funding solution enables businesses to have cash advanced to them against future debit and credit card takings. Repayments are sympathetic to the peaks, troughs and seasonality that often challenge small businesses and SMEs, in that they mirror the takings through the payment terminal.
365 finance works with several card processors and can finance and fund most businesses transacting through payment processing partners.
If your business partners with the payment processors below, 365 finance will consider advancing your business the cash it needs.
Lloyds cardnet handles over 1.2 billion transactions a year and has a strong footprint within the Small business SME environment. If your business transacts over £10,000 per month with Lloyds cardnet and has been trading for longer than 6 months, 365 Finance could advance you cash against your credit and debit card takings.
Elavon is a renowned supplier of card services and has been processing payments for over 20 years. Elavon offer a multitude of payment solutions agnostic to the payment environment and small businesses can be confident secure reliable payment processing. Business who have processed transactions through Elavon could be eligible for a merchant cash advance with 365 Finance.
Worldpay offer simplicity in pricing and fees and have a great support infrastructure. UK businesses enjoy 24/7 support from Worldpay and can be confident in their reliable secure payment processing solution. Worldpay customers needing funding can apply to 365 Finance for an advance against their credit and debit card sales.
Global Payment Solutions
Global Payment Solutions is a technology driven payment processor, putting its client’s customers at the forefront of its business model. Recognising todays trend towards a multiple channel payment approach Global Payment solution offer flexible payment processing to large and small businesses on a global scale.
Allied Irish Bank
Allied Irish Bank tailors its merchant services towards the needs of its customers, offering both in store and online payment processing solutions. Modern well-designed terminals that offer a vast range of functionality and security are some of the stand out features of the AIB merchant services program. As a processor offering terminal services in the UK, customers of AIB could be eligible for a merchant cash advance from 365 Finance.
Barclaycard card machines are a simple way to take card payments from your customers, whether you run a restaurant hotel or small retail store, Barclaycard enables you to transact at the till, or anywhere on your premises. The card readers offered by Barclaycard are portable Wi-Fi enabled and secure and the team at Barclaycard have various pricing options depending on your business.
First Data pride themselves in helping smaller businesses become better businesses. First data payment processing offers flexible solutions well suited to the challenges faced by smaller businesses. As a well-established partner of 365 Finance anyone transacting over £10,000 a month through their First Data terminal could be approved for a cash advance within 24 hours. 90% of the applicants transacting through a payment terminal are approved for business funding by 365 Finance.
Stripe Offer payment processing solutions more suited to online payments. E commerce is now a significant contributor to the economy and as such payments need to be secure and fast, allowing for exceptional data and tracking and business intelligence.
Its now even simpler to raise finance for your business, with smooth and uncomplicated applications, expeditious funding and flexible payment terms. Businesses looking for cash, that transact through a credit or debit card terminal can now benefit from a merchant cash advance.
Do I Qualify?
Qualification for our business cash advances is simple: Contact our customer services team to see if you are eligible.
In business for at least
Monthly credit and debit card turnover of at least
How a Merchant Cash Advance Works
A merchant cash advance is an ideal type of no credit check loan. Instead of relying on your credit score, we assess your business’ recent debit and credit card transactions to determine affordability and produce a funding offer tailored for your business. Get in touch with our team today to receive a tailored quote. The loan application process is quick and easy, and we can give you a funding decision within 24 hours. There is no need for you to provide collateral or business plans, and we only conduct a soft credit check that does not affect your credit score. From this, we’re able to make a funding decision without running a hard check that will show on your credit report. Unlike a traditional bank loan, there are no interest rates or fixed monthly payments to worry about. Instead, repayments are taken from a small percentage of your future debit and credit card payments. We don’t require any APR as there is no fixed fee, just one all-inclusive cost that’s agreed on at the start, which never changes.
Repayments mirror the ups and downs of your business
A business processing £10,000/month in card sales can receive an unsecured cash loan of the same amount, with no interest rates or fixed terms. Repayments are automatic and based on a small percentage of monthly card sales.
How Rev&U™ repayments work
Agree fixed percentage
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)
Make card sales
Sell to your customers on your credit and debit card terminals.
The pre-agreed percentage is automatically deducted from your daily transactions at point of sale and you will.
Get money into your account
This is automated so there is no change to the time it takes for you to receive your money.
Daily sales reduce balance outstanding
The daily amount deducted then reduces the balance outstanding on the business cash advance.
Collections stop automatically
Collections stop automatically once the cash advance has been repaid in full.
Am I eligible for a Rev&U™ cash advance?
Behind thousands of SMEs in the UK
We’re supporting thousands of SMEs in the UK, helping them to build a solid foundation for long term business success.
How much capital does your business need?
Use our calculator and see how Rev&UTM could help your business.
for every card transaction
84% = £84
goes to your account
16% = £16
goes to 365 finance
A simple and secure way to finance your business
Apply in minutes
Complete the application form. It takes less than 5 minutes!
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
Same Day Business Cash Advance
The flexible alternative to bank loans