Credit & debit card factoring

This relatively new form of unsecured funding, which is also known as Merchant Card Advance, allows a business to borrow funds against future PDQ receipts. Repayment is arranged as a percentage of daily credit and debit card takings, with no major impact on cash-flow.

We have a variety of lenders, each with their own particular field of expertise and preferred business types and categories. The most common industries using such facilities include MOT Service Stations, Hotels, Hair and Beauty Salons, Spas, Dental Practices, Construction, Restaurants, Off Licences and Retail Businesses.

Loans from £3k up to £500k are available to fund growing businesses, and can be arranged within a week.

An applicant company needs to have been operating for a minimum of 9 months. Generally no financial statements are needed, and a less than perfect credit history is acceptable. There are no application fees payable, and often only very basic information is required.