Merchant Cash Advance
Why Use KYC-Utilities?
We offer business funding, tailored to your business, when you need it. Whether for extra stock, refurbishment or a simple aid to cash flow. A merchant cash advance is unsecured funding based on future card sales.
You decide an amount based upon an average of your card takings history. An upfront cost with no hidden charges or interest fees is agreed. Pay back is determined at a pre-agreed percentage of your card payments.
We will take you through the paperwork, answer any questions and identify a suitable product. Around 75%of all applications are successful with a pre-approved decision made on average within 24 hours once paperwork is completed.
Advantages
- Upfront cash flow
- No interest rate. Only a factor rate to show exactly what you're paying back
- No fixed term
- Potential tax benefits
- Soft credit check - no impact on your credit rating or other loan facilities
Easy Set-Up Process
Step 1: Contact us for your free consultation.
Step 2: Your eligibility is assessed based upon your card sales history. Funding up to your average monthly turnover of credit card transactions is selected. A payback rate as a % of your future card payments is agreed. Approval then needs answers to a few simple questions plus 1 months merchant statement copies.
Step 3: We do the work. You have full control.