Elavon Merchant Cash Advance Finance UK 2022

UK Businesses that take payments using Elavon merchant services, could apply for Merchant Cash Advance finance. A cash advance is a type of business finance that allows you to borrow money for your business.

Elavon is a large provider of both merchant services and card payment solutions for UK businesses.

If your business takes credit/debit card payments via Elavon, then you could apply for a “Cash Advance”.

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Call us on 0161 5469128 or fill in the form below to apply.

Elavon Cash Advance Finance

We work with a number of independent providers that offer a Elavon Cash Advance.

A Merchant Cash Advance is a type of business finance, similar to a business loan, where the lender purchases” a percentage of your future card takings. This is usually for a fixed cost and is repaid as a percentage (10-20%) of future card takings from your merchant sales.

You can apply once you have been trading for 6 months and could still be accepted with poor credit.

Borrow up to 200% of average monthly Elavon revenue, via one of our trusted lending partners.

Most business sector covered and funds can be used for any legitimate business purpose.

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 then repay 10% of your future card takings until you repay £18,900. Could be subject to minimum payments.

Apply For a Elavon Merchant Cash Advance

As an independent business finance brokers, we help businesses who accept payments via Elavon to source finance. Even if you have been declined by another lender.

Call us on 0161 5469128 or fill in the form below to apply.

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