SumUp Merchant Cash Advance Finance UK 2022

UK Businesses that have a SumUp 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.

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”.

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

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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.

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

Merchant Cash Advance

By clicking "SUBMIT", I agree to Bolton Business Finance Terms and Conditions and Privacy Policy.