A Merchant cash advance can fund up to 95% of your small business’s future credit card and EFTPOS sales. This facility is beneficial to a wide range of businesses with a high volume of small transaction amounts such as fashion & retail shops, club & restaurants, health and beauty, medical & health and automotive to name a few. These businesses have strong credit card and EFTPOS sales, but may not meet the bank's criteria or provide security to qualify for traditional lendin
Benefits are:
- Merchant cash advances have high approval rate over bank finance, funding to 90% of business turnover
- There is no fixed time period to payback the advance as its calculated on a percentage of future sales
- Unlock your business value through credit card and EFTPOS sales
- No fixed interest rate
- No fixed monthly payments
- No security and no risk to your assets
- The merchant cash advance is not reported to credit agencies, unless the merchant defaults
- Apply online for fast unsecured short-term pre-approval compared with 30 + day bank processing