Business Funding: Cash Advances Vs Business Loans
With tough times in the economy & costs increasing, many businesses are turning to loans to bridge the gap. These can be short or long term loans. But they often come with set up fees and penalties for any missed payments. So this can become costly.
Cash advances are another option. They’re flexible, quick to access & use your card transactions through your website or card machine to re pay the advance. So they require no security or personal guarantees. That means, you only pay back as you get paid. If business is quiet you pay less & if trade is good you pay back more.
Cash advances – benefits over a loan
Rather than a traditional loan via the banks that really do not have an appetite for lending at the moment. Why not consider a Merchant Cash Advance.
- A 90% approval rate for this funding scheme. So a perfect credit score is not needed to be approved
- A decision within just 72 hours and the repayment options are tailored to match the earning power of your business
- Borrow anything from £5,000 to £1,000,000 And n0 accounts needed if you borrow up to £100,000
- Advances are paid back at an agreed % with no hidden costs and no interest charges
- Cash Advances are actually cheaper if you look at them versus a 5 year loan
Business funding is tough right now So this could be a good solution for short term cash flow or in helping in grow your business.
It can be easy to get started – We can help assess your business for eligibility. The cash advance application process is quick & easy, & funds could be in your account in just a few days week.
For more info, contact us on info@breathepay.co.uk or call on 0203 985 9089