We help UK businesses apply for a Dojo Cash Advance or business funding, based on their card sales revenue. You can typically borrow up to 200% of your average monthly Dojo takings, and repay as a percentage of future card sales rather than a fixed monthly figure.
Businesses taking payments through Dojo could apply for cash advance finance or a business loan. A cash advance lets you borrow against card revenue you have not earned yet, so repayments flex with how well you trade.
The Dojo Go card machine offers small businesses mobile card payments and is part of the larger payments company Paymentsense. If your business takes credit or debit card payments via a Dojo card reader, you could apply for a cash advance.
Disclaimer: We are not affiliated with Dojo, we are an independant finance broker offering cash advances on Dojo revenues.
Call us on 0161 546 9128 or fill in the form below to apply. We charge no broker fees.
Dojo Cash Advance Business Funding
We work with a number of providers offering a cash advance against Dojo card revenues.
A merchant cash advance is a type of business finance where the lender advances a lump sum against a percentage of your future card takings. It is repaid automatically as a percentage — usually between 10% and 20% — of each day’s card sales, for a fixed total cost agreed at the outset.
You can apply once you have three months of trading history, and you could still be accepted with poor credit.
Offer Eligibility Requirements
- 3x full months card revenue
- Minimum of 3 months over £5,000 card revenue
- Taking payments via card in store or online
Borrow up to 200% of average monthly Dojo sales via one of our trusted lending partners. Most business sectors are covered, and funds can be used for any legitimate business purpose — stock, equipment, refurbishment, staff, tax bills or simply smoothing cash flow.
Minimum card turnover of £5,000 per month is required.
You may be required to give a personal or director’s guarantee when taking out a merchant cash advance. This could put your personal assets at risk. See our guide to personal guarantees before you sign one.
Dojo Cash Advance Fees & Costs
Fees vary depending on how much you borrow and other risk factors such as time trading, credit history and business sector.
- Factor rates vary between 1.03 and 1.4
- Average factor rate 1.2
On a merchant cash advance you are charged a fixed factor rate rather than an interest rate. Multiply the factor rate by the amount advanced to get the total repayable, as shown below.
One thing worth understanding before you commit: because the cost is fixed rather than accruing as interest, repaying quickly does not reduce what you pay. That makes an advance a poor fit for a business that could clear it in a few weeks, and a reasonable one where the alternative is not trading at all.
Dojo Cash Advance Example
Average Monthly Card Sales: £15,000
Amount of Finance: £15,000
Factor Rate: 1.26
Total Repayment: £18,900
Repayment Sweep: 10%
So in this example you borrow £15,000 and repay 10% of future card takings until £18,900 has been repaid. Could be subject to minimum payments.
Dojo Cash Advance Limits
There are multiple lenders offering cash advances, with limits of up to 2x average monthly card takings. For example, if you take £50,000 per month by debit and credit card, you could apply for up to £100,000 of funding.
Dojo Cash Advance FAQ
How do I get a cash advance on Dojo card takings?
We work with a number of specialist UK business finance providers that advance funds against Dojo card revenues. You can typically borrow between 100% and 200% of average monthly card takings. Repayments are taken as a sweep of future card takings, usually 10% to 20% depending on how much you borrow. It normally takes 24 to 48 hours to get an approved offer. To apply, fill in the form at the bottom of this page.
Does Dojo provide business loans itself?
We are not affiliated with Dojo and this is not a Dojo product. We are an independent finance broker and we source cash advances and revenue-based loans from lenders who will underwrite against your Dojo card revenue.
What are the fees on a Dojo cash advance?
Costs are expressed as a factor rate rather than an interest rate. Rates typically range from 1.03 to 1.4, with an average around 1.2, depending on the amount advanced, how long you have been trading, your credit profile and your sector. The total cost is fixed at the outset and does not reduce if you repay early.
Can I get a Dojo cash advance with bad credit?
Often yes. Because the advance is underwritten primarily against card takings rather than your credit score, adverse credit is less of an obstacle than it would be on an unsecured loan. It may increase the factor rate. See our page on business loans for bad credit for how CCJs and defaults are assessed.
How quickly can I get the money?
Typically 24 to 72 hours from application to funds, provided your card processing statements are available. It is one of the fastest forms of business funding available, which is much of its appeal.
What if my card takings drop?
Repayments are a percentage of takings, so a quieter month costs you less and a busy month clears the balance faster. That flexibility is the main structural advantage over a fixed-repayment loan. Some agreements do include minimum payment terms, so check that before signing.
Dojo Loans For Businesses
We can also look at revenue-based business loans for Dojo merchants. To be considered for a loan based on past card takings you will normally need:
- 4 full months card revenue
- Minimum turnover of £10,000 per month
Revenue-based loans work differently from a cash advance and usually have a fixed repayment amount rather than a sweep of future card takings. Where your takings are steady, that often works out cheaper — so it is worth comparing both before deciding.
Apply For a Dojo Cash Advance or Business Loan
As independent business finance brokers, we help businesses using Dojo card readers source funding offers — even if you have been declined by another lender.
Tell us roughly what you take by card each month and what you need the money for, and we will tell you what is realistic. No documents needed for a first conversation, and no broker fees at any stage.
Call 0161 546 9128 or fill in the form below.
Related: Paymentsense cash advance · SumUp cash advance · merchant cash advance explained · card machine loans
Bolton Business Finance Ltd is a commercial finance broker. We arrange non-regulated business finance only and are not authorised or regulated by the Financial Conduct Authority. Advance amounts, factor rates and terms are set by the lender and subject to underwriting. This page is general guidance, not advice.