If you are a UK businesses that takes payments using Takepayments, then you could apply for Merchant Cash Advance finance or a Merchant loan. A cash advance is a type of business finance that allows you to borrow money for your business.
Takepayments is a popular UK card payment solutions provider, with over 29,000 5 star reviews on Trustpilot.
If your business takes credit/debit card payments via a Takepayments online or in store, then you could apply for a “Cash Advance”.
Disclaimer: We are not affiliated with Takepayments
Call us on 0161 5469128 or fill in the form below to apply.
Takepayments Cash Advance Funding
We work with a number of independent providers that offer a Merchant Cash Advance on Takepayments card payment revenue.
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 Takepayments revenue, via one of our trusted lending partners.
Most business sectors covered and funds can be used for any legitimate business purpose.
Minimum card turnover of £3000/m is required.
Example
Average Monthly Card Sales: £14,500
Amount of Finance: £16,000
Factor Rate: 1.21
Total Repayment: £19.360
Repayment Sweep: 10%
So in this example you borrow £16,000 and then repay 10% of your future card takings until you repay £19,360. Could be subject to minimum payments.
Takepayments Loans
If you are a Takepayments merchant, there may also be business loan options from our panel of lenders.
Apply For a Takepayments Cash Advance or Business Loan
As an independent business finance brokers, we help businesses who accept payments via Takepayments to source finance. Even if you have been declined by another lender.
Fill in the form below to start your application.