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Merchant cash advance for UK businesses

Looking to grow your business? Or just need a little extra working capital to keep your business moving? 

Our small business loans are available between £5,000 – £500,000 for almost any purpose.

We’re not a bank. Our lending criteria is different, and we look at more than just your credit profile.

Check your eligibility online in just two minutes, with no impact on your credit score, and you could receive your funds in as little as 24 hours.

How does the business loan work?

Unlike a traditional loan, Capify’s is paid back in very small amounts regularly. The repayments are completely automated so you don’t need to do anything. Many business owners love our regular payments, because they don’t have to save a large amount by a fixed date each month.

To be eligible for a business loan, you'll need to:

  • Turnover >£10,000 per month
  • Have at least 12 months’ trading records

The benefits of a Capify business loan

  • Raise from £5,000 - £500,000
  • Pay back little and often
  • No monthly lump sum
  • Opportunity to raise more funds

Alternative finance for Britains small businesses

Regardless of your business size or industry, there are a variety of finance options available. If you are looking for a short-term loan, we can offer a flexible merchant cash advance UK wide. Whether you are looking to improve cash-flow, purchase stock or carry out some refurbishments, a merchant cash advance is the ideal option.

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A Merchant cash advance designed for UK businesses

A UK Merchant cash advance is an unsecured form of business finance, with repayments based on a percentage of received PDQ payments. This form of finance is ideal for any business which regularly processes these types of payments, such as those in the hospitality, retail and leisure industries.

The repayment term will be based on the revenue which your business receives, rather than a fixed payment schedule. This means that your repayments will be automatically taken from your card transactions. If your business experiences a downturn in trade, you will be required to repay less than compared to the days when you have a high level of PDQ transactions.

The exact amount you are able to borrow will depend on your monthly PDQ transactions. For example, in most situations, you will need to process at least £5000 per month, with transactions on at least 15 days every month. For many people, a business cash advance UK wide is a quick and easy way to improve cash flow, especially when compared to traditional bank loans which have very strict lending criteria.

As it is an unsecured form of lending, there is no risk to your personal assets and your repayment plan will follow your sales pattern.

UK small business landscape

With the Brexit deadline drawing ever closer, almost every business owner in the UK is wondering what the impact will be. This year is set to be a transformational year for businesses of every size, so now is the ideal time for businesses to grab their opportunities. Every period of change offers space for SMEs to grow and develop, so the post-Brexit business landscape could present your business with new development areas.

A study by Barclays Bank involving 1350 participants, found that 78% of business leaders still believed the UK would still be a good place to conduct business. This also supports the findings by Simply Business, which interviewed 1200 owners of SMEs in the UK. Their report claims that one of the best opportunities for businesses in the UK is the potential for EU wide exports, with 20% of owners already exploring new markets.

According to Paul Abbott of American Express, SMEs within the UK are confident they will be able to grow despite current economic uncertainty. The research conducted by American Express found that businesses were prioritising key areas to accelerate their growth, such as sourcing new talent, investing in technology and securing alternative forms of finance.

Helping the UK’s forgotten businesses

If your business is looking to take advantage of new opportunities, a merchant cash advance could be the ideal alternative form of lending. It can be an ideal solution for businesses which are unable to meet the lending criteria of traditional lending streams, due to a poor credit profile or short trading history. In our experience, businesses which have been refused traditional forms of business finance will find a merchant cash advance more suitable.

The main criteria which a business must meet are:

  1. You must have been trading for at least 6 months.
  2. You must have been accepting PDQ payments for at least 60 days.
  3. Your business must take PDQ payments on at least 15 days every month.
  4. Your business must have physical premises to trade from.

As a general rule of thumb, we can lend anything up to 150% of the amount which your business processes through PDQ payments each month. For example, if your business processes payments amounting to £10,000 each month, we will be able to offer a UK Merchant cash advance of up to £15,000.

 

A trusted UK Based MCA lender

Here at Capify, we are committed to helping businesses across the UK with their finance needs. Over the past 10 years, we have been supplying a variety of business loans to small and medium-sized businesses across Altrincham and the rest of the UK. Our team will take their time to get to know your business so that we can provide the ideal finance for you in as little as 24 hours.

To discuss your requirements or apply for a UK business cash advance, please contact our team today.

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