Merchant Cash Advances in the UK

Want To Expand Your Business? – Contact Business Cash Advance Lenders Birmingham

It is sometimes hard to keep your business running without seeking financial assistance elsewhere. Well, this is a normal trend, especially so, if you are looking for ways to expand your business. In this case, at Business Cash Advance Lenders Birmingham, we offer the much-needed assistance to ensure that you stay on top of your business competitors.

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Advantages Of A Merchant Cash Advance

How Does It Work

What is a business cash advance?

As it were, this refers to merchant cash advances aimed at offering your business short-term cash-flow solution. This service is mostly for those whose businesses may have no chance of finding financial assistance from other renowned financial institutions within the UK. Thus, if you reside in Birmingham, this is your greatest chance to piece up your financial issues within your business.

As such, we do understand how daunting it can be for merchants like restaurants and other service providers as well as those dealing in credit card sales without collateral or have an unappealing credit rating. But since we do understand how important your business is to both you and your customers, we have you covered at Business Cash Advance Lenders Birmingham. We give you the opportunity of securing a cash advance funding to enable you to conduct business as usual.

While this may sound too good to be true, what you must understand is that this particular type of loan is approved by the regulatory bodies. More so, there is actually no set limit as regards the interest to be charged.

How To Apply

Application for Merchant Cash Advance Loan in Birmingham is usually quick, and approval and funding generally take a few days. Merchant Cash Advance Companies in Birmingham only need your daily credit card sales and look at your statements to make sure you have enough volume coming into the business. Once your application has been approved, the lender might ask you to open a separate bank account to process any transactions, and the lender can collect their share.

How it works

At Business Cash Advance Lenders Birmingham, we give you the whole amount that will be due for a refund as part of the upcoming sales. In this case, we allow you to regularly pay back a fixed rate which is directly linked to your credit card sales up to the time the entire loan is fully serviced.

Loan application

Well, while the application process for funding in other institutions may take considerably a long time, applying for an MCA in the UK is easier and faster. It takes only a few days for the loan to be approved and the funding conducted. As such, we only require confirming your daily credit card activities and statements to ascertain your business potential. Upon approving your request, we may request you to create an additional bank a/c for the sake of processing any business dealings and making it easier for us to pick our portion.

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The pros of MCA

Merchant Cash Advance comes with a number of advantages including:

  • It offers businesses with seemingly poor credit rating an opportunity to secure funds to help them deal with their financial constraints much easily.

  • It allows you to take full control of the entire cash revenue (100%)

  • There are no restrictions on how you may utilise your funds. You have the option of choosing where you want the money to go without any kind of external interference.

  • Applying and approving of the funding is faster as it takes only a few days.

  • Unlike other types of loans, with MCA, it is not necessary for one to provide a personal security.

  • There are no additional levies; it, therefore, means that you will be required to repay the money in full right from the start.

  • Flexibility in relation to the payback as well as funding is dependent on the upcoming sales.