Name: Bolton Business Finance Ltd
Price range: $

Last updated on June 13th, 2022 at 10:13 am

UK Businesses that have a SumUp card reader, could apply for Merchant Cash Advance finance. A cash advance is a type of finance that allows you to borrow money for your business.

SumUp is a fast growing merchant service provider, with over 3 Million merchants using their services.

If your business uses a SumUp card reader, 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.

SumUp Cash Advance Finance

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

A Merchant Cash Advance is a type of business finance 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 SumUp 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 A SumUp Merchant Cash Advance

As an independent business finance brokers, we help businesses who have a SumUp card reader to source finance. Even if you have been declined by another lender.

Get in touch by filling in the form below or submit a full application form.

Related Article: SumUp Vs Zettle Card Readers

nasrat zamiri

2022-03-28

I had recently applied for Business Cash Advance facility through Bolton business finance. The process was easy and smooth, and received the requested funds within 3 days. Would highly recommend to any businesses who are looking for funding. Thanks Marcus

Matthew McClellan

2021-06-30

I recently approached Marcus at Bolton Business Finance to assist with sourcing and implementing a new invoice finance platform for my business. Marcus was professional and very knowledgeable from the very start and I would highly recommend his services. We will certainly be using Bolton Business Finance going forward.

michael walls

2021-03-15

Marcus arranged my CBILS loan and i found him a pleasure to deal with, no hassle , no fuss just gave me exactly what i needed ( sound advice ). Many Thanks

Oliver Labbett

2021-03-13

I have just completed on a property refinance that Bolton business finance sourced. Having access to such an array of lenders ensured that I got a deal that I was happy with. Marcus made the refinance process stress and pain free. Marcus was also happy to spend time sourcing indicative terms on potential opportunities, which was very helpful. Thanks Marcus / BBF

Rectory Farm

2021-02-17

Bolton listened to my requirements and diligently set about seeking the funding I required. In a tough Pandemic lending environment, with lenders all ultra cautious, Marcus Wright pursued his goals and exceeded my requests and expectations, identifying and delivering new sources beyond those envisaged at the outset. Very pleased.

Gary Furness

2021-02-01

Fantastic service. Marcus and the team at Bolton Business finance supported me through my re mortgage process from start to finish giving brilliant professional service throughout. Highly recommended, and I will be using them again.