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Businesses all over the UK are growing thanks to business and merchant cash advances

When it comes to obtaining a business or company loan, many business owners look to high street lenders and banks as their only funding option. But recently banks have implemented a rigorous standardised credit scoring system, making it difficult for many SMEs (Small Medium Enterprises) to secure the finance they so desperately need.

Small Businesses often require access to capital for all sorts of costs such as purchasing new equipment, carrying out refurbishments, hiring more staff or investing in marketing. And if your application has been rejected by the bank, you might think that your business’ success is in jeopardy if you can’t finance these necessary expenses.

Luckily, there is an alternative finance source available – a business cash advance sourced by ACS.

Why a business cash advance is a safer alternative

Cash advances are a quick and easy alternative to conventional bank loans. You could receive a cash injection of between £2,500 and £300,000, which can cater for all your business needs. A business cash advance is an unsecured loan available to your business based on bringing forward your future credit and debit card sales. It’s repaid flexibly via a pre-agreed percentage of the business’ card transactions, so it will never interrupt your cash flow and there’s no such thing as a late payment. This is ideal if you run a seasonal business and your cash flow isn’t as strong in the quieter months, as you’ll make repayments relative to your income.

Because cash advances are unsecured, your home is not at risk. There are no restrictions on how you spend your funds either.

Why you should choose a Business Cash Advance

To be eligible, all that’s required is that you’ve been in business for over 4 months, and accept a minimum of £2,500 of card transactions a month.

Here are the other benefits:

  • Apply in minutes for £2,500 – £300,000 and get a decision in as little as 24 hours
  • You pay back only when you earn
  • Clear cost agreed upfront (no APR)
  • No hidden fees, charges or costs
  • No monthly penalties as there is no such thing as a late payment
  • Over 80% of businesses are approved for cash advances via our simple and hassle-free application
  • You can rest easy, knowing that you are using a product supported by the UK Government

How it works

A  business cash advance is an unsecured advance of cash based upon future credit and debit card sales and you’ll repay via a pre-agreed percentage of your business’ card transactions.

As payback is directly linked to card takings, you’ll only pay back your advance when your business earns. And unlike many other forms of business funding, company or personal assets aren’t required.

What’s more, if the cash advance takes longer to pay off, the originally agreed repayment cost remains the same. No penalties or fees are added, because there’s no such thing as late payment. A business cash advance is there to boost capital when you need it most.