Business finance is becoming harder to come by, especially since the recession. Approval rates for traditional business loans are low and interest rates are high. However, Capify has developed a new kind of borrowing which offers a more flexible and easier approach to access funds.
A Merchant Cash Advance is a type of finance where you are able to get money based on your future debit and credit card sales.
What Would You Use the Money For?
Many salon owners use the finance as a way of ensuring their cash flow is healthy when paying off bills or negotiating bulk orders with suppliers. The possibilities and opportunities are endless!
The advance itself is unsecured and approval rates are high – unlike traditional business bank loans. In some cases, you may qualify to extend your advance further, if required.
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