At a glance...
Here's how a business cash advance compares to other types of small business funding.
|Features||Small Business Loan||Personal Loan||Lease||Credit Card|
|Quick & easy application|
|No business plan needed|
|Simple & transparent cost|
|90% of applicants approved|
|Pay back ONLY as you earn|
The simple repayment process
Your repayments are deducted automatically from your daily credit card and debit card turnover
The simple application
You’ll need a merchant account...
...which you use to accept credit and debit cards.
Don’t worry if you don’t have one, as we can put you in touch with a reputable provider
The application for business funding is completed over the phone in minutes where we agree:
How much business funding you can raise
The amount you’ll pay back
The daily percentage of your credit and debit card sales used to make the repayments
Decision and money
We can usually have a decision for you within just 24 hours
We normally have your funds to you within three working days
You keep ALL EARNINGS on your non-card income such as cash, bank transfers or cheques
There is no need for business plans and forecasts, we’ll just need to see your recent card processing statements.
How it works
To get started with quick business funding from Quick Capital, all you need to do is pick up the phone and give us a call! We’ll ask for some basic information about you and your business, including how much you are processing using your debit and credit card facility. Then we can let you know how much business funding we can advance to you and what your repayment percentage will be. If you are happy and wish to go ahead with business funding, we’ll help complete your business funding application and email it to you to sign. That’s it! After a few simple checks you will receive a call to say if your business funding application has been successful. This usually takes about 24 hours. Once accepted, the funds will be transferred into your chosen bank account, usually within three working days. The repayments are automatically deducted from your card transactions. As the repayments are flexible there is no fixed length of time on when the money is paid back, however on average this is usually seven months. To keep track of your payments you will receive a regular electronic statement showing the repayments being made and the outstanding balance. You can focus on running your business and not worry about the payments getting on top of you.