Card Payment Cash Advance - Wise Business Finance

CASHFLOW FINANCE

Card Payment
Cash Advance

A flexible, fast alternative to bank loans that immediately injects cash into your business.

Quick, easy cashflow funding.

Also known as a Merchant Cash Advance or Business Cash Advance, this unsecured business finance solution allows businesses to raise funding quickly and easily .

HOW DOES IT WORK?

Unlike a traditional bank loan, there are no interest rates or fixed monthly payments. Instead, repayments are automatic and deducted as a small percentage of your monthly credit and debit card payments. This mirrors the ups and downs of your business and eases financial stress: you repay less during quiet periods – and in busier periods you repay more.

PERFECT FOR

• Seasonal businesses
• Hotels, restaurants, catering and other hospitality
• Online businesses that experience peaks & troughs
• Businesses that trade on Amazon

QUALIFYING CRITERIA

Typically a minimum of £10k card takings per month.

LOAN AMOUNT

£10k minimum £1M maximum. Typically based on 4-6 weeks turnover against average card takings over the last six months

REPAYMENTS & CHARGES

Repayments amounts are between 15% – 20% of card takings with the remaining payment balance paid same day. Charges are typically between 1.3%-1.5% per month.