Four Reasons a Merchant Cash Advance Could be the Perfect Finance Solution for Your Business

Four Reasons a Merchant Cash Advance Could be the Perfect Finance Solution for Your Business

Raising cash to invest in your small business can seem daunting. Whether it’s new equipment, expansion, additional stock or staff for the festive season, finding the best way to fund your future success is hard work when you’ve got a company to run.

The team here at Capify understand what it takes to run a small business and that’s why we aim to make the process of securing short-term funding as easy as possible. We offer a range of alternative finance options designed to suit the needs and ambitions of you and your business.

One of these options is our Merchant Cash Advance. We don’t call it a loan because, quite simply, it’s not. It’s an affordable and alternative business funding option, allowing you to borrow a lump sum of between £3,500 and £500,000. The key difference is that we don’t set fixed monthly payments – instead, you’ll pay back a small percentage of your credit and debit card takings every working day.

There are plenty of other benefits from choosing a Merchant Cash Advance too, so we’ve put together four of the best ones to help explain why an alternative finance solution like this could be exactly what you’ve been looking for:

Easy application process

Traditional loan applications can take a few months to be processed, which doesn’t fit well with the fast-paced world of being an SME. With a Merchant Cash Advance, we can provide you with a quote within minutes, and you can often have the money in your account before the week is out!

We also place a lot of emphasis on one-to-one relationships and our friendly team are on hand from 9am until 6pm Monday – Friday to take your call. A designated finance expert can answer all of your questions and guide you through the process. We’re rated 9.5 out of 10 on Trustpilot so you can be confident that you’ll be in safe hands.

Easy payback

Not only is the application process easy, but so is the repayment process. The payback on a Merchant Cash Advance is revenue-based, meaning the amount you have to repay will fluctuate depending on how much you process through your card terminal. It’s finance that works with the seasonal peaks and troughs of your business.

When people choose to raise finance via a traditional business loan, repayments are fixed so you’re expected to pay the same amount back each month, no matter what your circumstances. The repayment terms also tend to be much longer, and therefore shadow your growth for years.

A Merchant Cash Advance is easier to manage and is a more attractive option for many SMEs. You won’t be held back by expensive, fixed, monthly loan repayments. If you have a quiet month, you pay less back, protecting your cash flow.

 No restrictions

A Merchant Cash Advance doesn’t come with any terms and conditions dictating how you can spend your money. You’re the expert when it comes to your business, so you can use the investment however you see fit to help you grow.

We remove the stress of having to deal with a bank and just let you do what you do best – run your empire.

Just think about all the possibilities you could make a reality with an injection of cash this side of Christmas. Ready, steady, grow.

Opportunity to Renew

We’re able to offer you finance that is dynamic and flexible, with the aim to help your business grow and prosper.

That is why we offer a renewal programme for all our customers, making it easier to continue and sustain your business development. Once you have paid off 60% of your original funding, your designated account manager will contact you about the opportunity for more financing.

Meaning you can continue to expand your business without any restrictions; an option which is hugely popular. Some people have renewed over 15 times!

If you own a business based in the UK that has been trading for more than a year, then you could qualify for finance with Capify – it’s as simple as that!

If you’re looking for an alternative funding option for your business, Capify can help you. We offer flexible business finance which is designed not to impact your cash flow. Every time money comes into your business through a card transaction, Capify take a small percentage, until the finance is repaid.

Capify has an average score of 9.5 out of 10 on TrustPilot, and we’ve helped thousands of small businesses source finance they can rely on. Get a quick quote now.

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