One of our long standing clients runs a nightclub, which can be quite a seasonal business.

With the ups & downs that this presents in relation to cashflow, we were able to assist with a recent funding requirement with a Merchant Cash Advance.

💳 MERCHANT CASH ADVANCES

❓ What are they?

🔊 They provide an “advance” or loan against a businesses future card takings

❓ How much can a business borrow?

🔊 The sum advanced is determined by looking at average card takings over prior months (typically by looking at the businesses merchant cash statements)

❓ What type of businesses is it useful for?

🔊 Any business taking payment for goods/services via card. Examples could be retailers, e-commerce businesses, pubs, clubs, restaurants and hotels.

To fine out more about Merchant Cash Advances get in touch with the team at Oxygen Business Finance