Short Term Business Loans
Flexible finance designed as an alternative to traditional bank loans.
Short Term Business Cash Advance from 365
It is often said business does not go in a straight line. The requirements of any growing business ebb and flow and at some stage during the lifecycle of any growing business there will undoubtedly be a funding requirement.
The exact nature of the requirement will vary depending on what stage the business is in, it could be to fund future growth, development and expansion, or it may be required to cover a shortfall, unexpected bill or cash flow constraints. The thought of being tied into a cycle of sustained debt is not appealing to business owners and as such short term business loans that help a business through a sticky patch but are settled in a shorter period are an attractive option.
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
The flexible alternative to bank loans
With a short term business loan, which in a lot of cases will be paid back in under a year, the overall cost of borrowing will be less although the monthly repayments could be slightly higher as you pay back the capital or principal sum in bigger amounts.
Merchant cash advances for growth
Business owners should consider several things before deciding on a funding product, a few of which are listed below.
- Can my cash flow sustain the borrowing?
- How long do I want to take to pay the loan back?
- Will the borrowing help me grow my business?
- Is my business seasonal?
- Do I have poor credit?
- Do I have the time to engage in a lengthy application process?
- How quickly do I need the short rm business loan?
This type of finance can positively impact the long term performance of the business, as business owners are not locked into long term loans with fixed repayment amounts and APRs, whilst at the same time the application process is smooth simple enabling them to focus on running the business.
Benefits of unsecured business cash advance
More flexible solutions to short term business loans are available, these offer the borrower the opportunity to still pay back the borrowed amount over a shorter period but with products like a merchant cash advance the repayments mirror the cash flow of the business. Unlike a typical short term business loan that would have fixed monthly repayment terms a merchant cash advance is repaid as a percentage of the debit and credit card sales of a business. This could take the business as little as six months but would reflect the robustness of the business’s performance. When sales are good, more is repaid than when sales are poor.
Business owners need to be aware that with short term business loans or the alternative business cash advance lenders will consider affordability and the ability to pay back the principal sum over a shorter period. This is one of the primary criteria considerations and as such the business cash advance with a more considered and flexible approach to repayments, where the debit and credit card sales transactions determine the repayment amount is often the preferred solution.
A merchant cash advance program
The very nature of a short term business loan often reflects the fact that the funding requirement has come as a surprise and is unplanned. In such cases an uncomplicated application process with a swift funding turn around is often the preferred solution for the business owner.
High street banks will often require, a detailed business plan, security and will in most cases conduct robust credit checking. The application process can drag on for some time and during this period the business owner may struggle to maintain and focus on the key elements of running a successful business.
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