Are you searching for a flexible and convenient financing solution for your business? Real Savings UK is pleased to offer Merchant Cash Advance, a unique funding option designed to provide fast access to capital without the hassles of traditional loans.
A Merchant Cash Advance (MCA) is a type of business financing that provides a lump sum of cash upfront in exchange for a percentage of future credit card sales or daily bank deposits. Unlike traditional loans, which require fixed monthly payments, MCA repayments are based on a percentage of your business’s daily revenue, making them a flexible option for businesses with fluctuating sales volumes.
The cost of a Merchant Cash Advance is determined by a factor rate, which represents the multiplier applied to the amount borrowed. For example, if you receive a £10,000 advance with a factor rate of 1.2, you would repay a total of £12,000 (10,000 x 1.2). Factor rates typically range from 1.1 to 1.5, depending on factors such as the riskiness of your business and the terms of the advance.
Fast Access to Capital: With Merchant Cash Advance, you can receive funding quickly, often within days of approval, allowing you to seize opportunities and address urgent business needs without delay. Flexible Repayment Structure: Repayments are based on a percentage of your daily credit card sales or bank deposits, providing flexibility that aligns with your business’s cash flow. No Collateral Required: Merchant Cash Advance is an unsecured form of financing, meaning you don’t need to pledge collateral to qualify. This reduces the risk to your business assets. Short-Term Funding Solution: Merchant Cash Advance typically has a shorter repayment term compared to traditional loans, with terms ranging from 6 months to 18 months. This allows you to repay the advance quickly and move forward with your business plans.
Ready to take advantage of the benefits of Merchant Cash Advance for your business? Real Savings UK makes the process simple. Just fill out our online form to request a quote, and one of our experienced brokers will be in touch to discuss your options. With our straightforward application process and dedicated support team, accessing the funding you need has never been easier.
Don’t let financial constraints hold your business back. Explore the flexibility and convenience of Merchant Cash Advance from Real Savings UK and unlock new opportunities for growth and success. Contact us today to learn more and discover how we can help you achieve your business goals.
