UK Businesses that have a FDMS card reader, could apply Merchant Cash Advance finance. A cash advance is a type of finance that allows you to borrow money for your business.
First Data Merchant Service (FDMS) is now part of the a large global fintech and card processing provider Fiserv.
If your business uses a First Data Merchant Service (FDMS) card reader, then you could apply for a “Cash Advance”.
Call us on 0161 5469128 or fill in the form below to apply.
First Data Merchant Service FDMS Cash Advance Finance
We work with a number of providers that offer a FDMS 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 FDMS sales, 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 an FDMS Merchant Cash Advance
As an independent business finance brokers, we help businesses who have a FDMS card reader 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.
