Credit and Debit Card Factoring
Credit & Debit Card Factoring
Does your business accept credit/ debit cards? Are you in need of some short term working capital from £3.5k to over £100k? Is your current lender too restrictive and slow to react? If the answer to these questions is "yes", a credit and debit card factoring facility could be of use.
A credit/debit card factoring facility offers a no fixed term, no application fees, no interest rates, unsecured facility serviced by a small fixed percentage of daily Visa and MasterCard batches. The payment is based on future sales, not current financial statements. A fast underwriting service aims to have the cash in the merchants (your) hand within 10 days. This product fills a void that banks can’t or won’t fill. Credit and debit card factoring provides an additional facility to be used as per your requirements, whether it be furniture and outdoor seating, fixtures, stock, improvements, emergencies or whatever.
Cash advance depends on average credit and debit card sales over the last few months. The merchant (you) agrees a set percentage of daily credit/ debit card sales to offset the borrowed amount over a 4 or 7 month period. Once the borrowed amount is paid back, the merchant can obtain another advance (if required) on a rolling facility. There is no limit to the number of times a business can renew their funding. Simple!
With credit and debit card factoring, collateral (security), good credit and a long business history are not required. New businesses and businesses with a less than clean credit history can still apply for a credit and debit card factoring facility.
Get a quote now for credit and debit card factoring!
