Last updated on May 13th, 2022 at 11:04 am
Are you interested in a Just Eat Business Loan or Merchant Cash Advance for your takeaway food business? If you have been taking payments via Just Eat for at least 4 months, then you could get a Merchant Cash Advance.
This type of loan is called a Merchant Cash Advance or also a Business Cash Advance.
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Just Eat Takeaway Merchant Cash Advance
There are Merchant Cash Advance lenders that will lend against the sales you take via the Just Eat platform. You can potentially lend up to 150% of your average month card takings for your takeaway. You only need to have 4 months card payment history.
The money can be used for any business purpose such as new stock, marketing, kitchen improvements, expansion, new staff, new website etc.
You can get a Just Eat Business Loan as long as you are already selling via their platform.
Just Eat Finance – Key Features
With a Merchant Cash Advance you pay back the funding using your future Just East sales. This is deducted as a pre agreed percentage every Friday, usually 10-20%. The remainder is paid to your bank account as normal.
Some of the features of a merchant cash advance include:
- £2k to £500k Cash Advance
- Up to 150% of average monthly takings
- Clear, one-off cost agreed upfront
- Homes not at risk (and renters are fine)
- Open to Sole Traders, Partnerships and Limited Companies
- Further advances available part way through
- Can have along side other lending and Bounce Back Loans
Some of the possible benefits to your business include:
- No fixed monthly payments
- Business Plans not required
- No hidden/early/late fees
- Pay back only as they earn on cards
- Use for any business purpose
To find out more about a Merchant Cash Advance loan head over to our product page by clicking HERE.
To see how much you can apply for, call us on 0161 5469128
Takeaway Business & Restaurant Merchant Cash Advance
The takeaway food industry is booming in the UK and many businesses are seeing an increase in sales. However this means you need to purchase more stock, hire staff and make improvements to your kitchens. A business loan could help to spread the cost of large one off purchases or provide the cashflow need help to grow revenue.
We are an independent commercial finance brokers and can access a large range of lenders to get funding for your fast food business.
As well as merchant cash advances, we offer a full range of business loans and commercial mortgages for restaurants.
Get in touch with Bolton Business Finance today and we can assess your lending options today.
Apply For A Just Eat Merchant Cash Advance
Fill in the for below and one of our funding experts will be in touch to discuss the finance options for your takeaway or restaurant food business.
To discuss call us on 0161 5469128 or fill in the form below
No obligation and we do not charge any broker fees on applications.