Merchant Cash Advance

Merchant Cash Advance

Paymentschimp is one of the fastest-growing cash advance specialists in the United Kingdom to provide our clients with immediate unsecured business financing (from£2,500 to£250,000).
A Merchant Cash Advance is quickly becoming the most open and efficient way to obtain working capital against your card terminal while paying back a small percentage of regular card sales to the advance; so when sales are down, you pay back less and when sales are up, you pay back more.
Finance for your business that is cost-effective, easy to receive, and simple to repay!
Business Funding

How it works...

Get a Paymentschimp Business Cash Advance between £2500 and £200,000 for your business as unsecured finance within as little as 48 hrs. Only repay when your customers are paying by debit or credit card.
  • Simple application process, 90% approval rate
  • Raise between £2,500 and £200,000
  • No fixed term or set monthly payments
  • No security or business plan required
  • Payback only when you take card payments
  • Can sit alongside Covi-19 Government Loans
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Business Funding

Advantages

Get a Paymentschimp Business Cash Advance between £2500 and £200,000 for your business as unsecured finance within as little as 48 hrs. Only repay when your customers are paying by debit or credit card. Repayments are simple and agreed as a small percentage of your card sales.
No minimum repayment & No APR.
  • SIMPLE APPLICATION PROCESS, 90% APPROVAL RATE
  • YOUR OWN DEDICATED RELATIONSHIP MANAGER
  • RAISE BETWEEN £1,500 AND £200,000
  • NO ADMIN FEES OR HIDDEN EXTRAS
  • PAYBACK WHEN YOU SELL
  • NO SECURITY OR BUSINESS PLAN REQUIRED
  • ONE SIMPLE ALL-INCLUSIVE COST
Business Funding

Application Process

The application process from start to finish is pain-free and does not affect your credit rating. You could be approved in as little as 48 hrs!
  • Complete A Simple Application Form
  • Be Allocated Your Own Dedicated Relationship Manager
  • Receive A Decision Within 24 Hours
  • Funds Direct Into Your Bank Within Days
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Business Funding

FAQ's

  • What is a merchant cash advance?
    A merchant cash advance is an unsecured provision of funds to a business based on their monthly average takings from their credit/debit card terminal.
    The advance plus a factor rate “fee” is paid back as a daily percentage of credit/debit card takings until full repayment.
  • How much can I borrow?
    Up to 100% of your monthly card turnover.
  • Should I talk to an advisor first?
    It is always advisable to seek advice when looking at finance – registered advisers can walk you through the options available and advise which route would best suit your business needs.
  • Do I need to provide collateral?
    Unlike a bank loan, you will not be required to provide collateral to secure your business advance.
  • How easy is it to get approved and funded?
    90% of qualified applicants who meet our basic requirements get approved. Our expert account managers will guide you through the full process from qualification, through to the paperwork requirements, right up to receiving your funds.
  • How soon can I receive funds?
    We can usually approve your application and deliver your funding within 48 hours. But, the speed of the process generally depends on how quickly we receive applications and supporting information. The faster you send them back, the faster we can process your funds.

"Honestly, Is it really that simple?"

Setting up a Merchant Cash Advance is very easy with Paymentschimp and you can use funding for a whole host of different reasons. All you need is a card machine.

We are an expert team of professionals working in finance to make card payments and business financing readily available, flexibly, easily accessible, and with complete transparency.

Address: Church Farm, Coughton Fields Lane, Coughton, Alcester,
Warwickshire B49 6BS