If your business uses Global Payments to accept credit/debit card payments, then you could be eligible to apply for Merchant Cash Advance finance.
With over 3 million customers across the world, Global Payments is one of the largest payment service providers. With its strategic partnership with HSBC, they allow you to take card payments with in store POS, online checkout and mobile.
UK Businesses that take payments via Global Payments, could apply for a business loan alternative called a Merchant Cash Advance. Its a type of business finance that allows you to borrow against your card sales, with a minimum trading requirements of only 6 months.
As an independent commercial finance broker, we can apply on your behalf with one of our trusted finance partners.
Call us on 0161 5469128 or fill in the form below to apply, alternatively read on to learn more below.
Global Payments Cash Advances & Business Loans
A Global Payments Merchant Cash Advance can allow you to borrow money for your business. It works differently from a business loan as it doesn’t have a set monthly payment. Instead you repay a percentage of your future merchant card takings via what’s called a sweep, this tends to be 10-20%.
Usually your only business needs 6 months taking payments with Global Payments. This is generally less than the 1-2 years trading required for business loans.
High acceptance rates, even with a low credit score. Bad credit can also be considered although may reduce chances of acceptance.
Borrow up to a maximum of 200% of average monthly Global payment sales, via one of our trusted lending partners.
Most business sectors covered and finance can be used for any legitimate business purposes. You can be taking payments online, in store or over the phone.
Global Payments Advance Finance Example
Average Monthly Card Sales: £39,500
Amount of Finance: £50,000
Factor Rate: 1.22
Total Repayment: £61,000
Repayment Sweep: 10%
So in this example you borrow £50,000 and then repay 10% of your future card takings until you repay £61,000. This could be subject to minimum payments if your turnover is significantly below average.
Apply For Global Payments Merchant Cash Advance Funding
As an independent business finance brokers, we help businesses who have a Global Payment POS or web payments to source finance. Even if you have been declined by another lender.
Call us on 0161 5469128 or fill in the form below to get a no obligation quote today.