UK Businesses that have a FDMS card reader, could apply for a Merchant Cash Advance or Merchant loan. A cash advance is a type of finance that allows you to borrow money for your business.
Disclaimer: We are not affiliated with First Data Merchant Solutions (FDMS)
First Data Merchant Solutions (FDMS) is now part of the a large global fintech and card processing provider Fiserv.
If your business uses a First Data Merchant Solutions (FDMS) card reader, then you could apply for a “Cash Advance”.
Fill in the form below to apply.
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 3 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.
Minimum card turnover of £3000/m is required.
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.
First Data Merchant Loans
As well as a MCA we also work with a number of providers that offer merchant loans based on their recurring monthly revenue from one or multiple sources.
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.
Fill in the form below to apply.