Merchant cash advance is a loan provided to the business secured against its credit or debit card payments

Merchant Cash Advance 

For most businesses in the Uk to run effectively, cash flow is king. If you do not have adequate cash flow, your commercial operation and day to day running is likely to be affected, clearly something business owners will want to avoid.
Naturally the Bank overdraft is likely to be the most commonly used means of providing money for everyday business. However, for companies that cannot meet the demands of their bank, a merchant cash advance may be a viable solution. A lot of businesses that do not qualify for unsecured or secured bank loans may benefit greatly from this method of borrowing.

A merchant cash advance is a loan provided to the business secured against its credit or debit card payments. A merchant company will advance a loan to a business to be used for almost anything they like. To repay the loan, the business commits to give an agreed percentage of its credit or debit card payments to the merchant cash advance company until the whole amount has been cleared. These payments are made directly to the merchant company.

When processing a merchant cash advance there is no requirement to provide additional security IE property or tangible assets which means that the process can be completed a lot quicker than a more traditional mortgage or asset backed finance arrangement. All the security is in the future card receipts of the retailer. For this reason the loans are suitable for Hotels, Shops, Garages, Salons, Restaurants, Florists, in fact almost any business that processes cards payments.
To qualify for a merchant cash advance, a business needs to have been trading for at least 12 months. The business also needs to show a minimum of £3,500 monthly turnover on credit or debit cards. Once verified and once the business has completed and passed the credit checks the loan will be processed and the value of the advance agreed.
Credit history is considered but is not the sole means of deciding whether the loan will be granted, affordability is likely to be more important. The business will be asked to provide business bank statements and need to demonstrate a stable proposition. A business can apply for a loan of up to £150,000 with few restrictions on what it can be used for.
So if your business accepts credit cards and has been trading for a year or more, you are likely to qualify for a merchant cash advance. The merchant will acquire your future credit and/or debit card receipts and you can receive cash injection into your business within days. Your repayments are taken as a percentage of the amount of business you do on your card transactions. Put simply the lender gets paid when your business gets paid!

Our latest Unsecured Loan Product

• Maximum loan £15,000 Minimum Income £25,0000  
• Minimum loan £2,500 Good credit history with no adverse credit
• Loan terms from 24 to 60 months        Employed, Self Employed or Retired 
• Homeowners or tenants                    Fixed repayment terms  
• Loan must be repaid prior to Homeowner’s 80th birthday
• No arrangement fees Most loan purposes considered
• Homeowners & Tenants**

*Loans from 4.40% APR representative on amounts between £7,500 to £10,000 over 24 to 60 months and provided by unsecured panel lender. The rate you are offered will be dependant on personal circumstances and the loan amount borrowed. All loans are subject to status and appropriate lending terms.
**Long term tenants must be 3 years on the electoral role and employed.

A loan based on borrowing £7,500 over 3 years. Representative 4.4% APR Rate of Interest 4.4% Fixed Monthly Repayment. £222.77 Total Credit Charge 519.61 Total Repayment £8019.61

Flexible loan offers for homeowners

Flexible loan offers for homeowners

Loans from - £3,000 to £200,000

Competitive interest rates -

Rates from 5.70%APR

Gain access to all the money in your home -

Loan to values up to 95% (more on referral)

No upfront fees charged

You can use the money for practically any purpose -

Any loan purpose including buy to let and business finance

Any circumstances considered -

We’ve products for self employed and employed homeowners

Fast and simple process -

Get a decision in principle within minutes

Contact us today about your Homeowner Loan at Moneysolutionsuk.com 

Guarantor Loans from Moneysolutionsuk.com

Guarantor Loans from Moneysolutionsuk.com

Guarantor Loans up to £7500 and above, how does it work?

Guarantor Loans are one possible solution for customers who have never had credit in the past or have got an impaired credit and  require a loan. There are a great many loan products available in the Uk, but the guarantor loan enables customers who have a good character and willingness to pay the opportunity to raise a loan should they need one. It is guaranteed in the sense that the customer only needs to meet the criteria of finding a guarantor and so long as they are not a registered bankrupt or in an IVA are guaranteed a loan.

Also advertised by brokers or lenders as no credit check loans which refer to the nature of the product and criteria these loans are growing in popularity as the rates compare very favourably to other similar products aimed at the impaired credit market. Another way to borrow money with no check is to put up something tangible as security, for example a car or a piece of art. Loans secured in this way are becoming ever more popular for the asset rich cash poor demographic as a means of raising up to £1,000,000 quickly (usually cash in the bank within 48 hours) with minimal fuss. The lender simply securely stores the asset until the loan has been repaid, typically within 3 - 6 months. 

If a customer cannot get a loan from his or her bank or doesn't meet the criteria of one of the other large financial institutions in the Uk it doesn't always follow that they have a poor track record of paying back a loan. If a customer hasn't had credit before they may be declined, if they have changed jobs or moved recently they may also be declined.

A guarantor loan is most likely not for customers who have a poor track record if they have no genuine intent to improve their situation. Ask yourself, would you stand guarantor unless you were extremely confident that the applicant was going to make payments on the loan? The guarantor generally is going be someone related to the applicant or very close to them or possibly in some cases an employer or landlord. They also need to be a homeowner and in receipt of a regular income. To prevent fraud the guarantor will be sent the proceeds of the loan to pass on to the applicant. This final stage in the process ensures that they are fully aware of their commitment and also verifies their relationship with the applicant.

Find out more by visiting us HERE