Give me the facts
|ELIGIBILITY||Ltd companies or LLP's with 2 years minimum trading|
|AMOUNT||£5,000 - £50,000|
|DURATION||30, 60 or 90 days|
|INTEREST RATE||From 1.5% per 30 days|
|FEES||No set up fees or early repayment penalty|
|APPLICATION PROCESS||Online form to release quoted pre-approved funds|
|SPEED OF QUOTE||Instant pre-approved|
|TIMING OF CASH||Within one working day|
|REPAYMENT||Single repayment - debit card or bank transfer|
|PERSONAL SERVICE||Dedicated customer support team|
|BEST FOR...||Fast short-term cash|
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How it works
Your questions answered
Cash Advance is for businesses, with a good credit score, that need a fast short-term injection of cash.
Cash Advance is a simple, short-term funding solution for businesses that do not want or need to borrow money over a longer period of time. You borrow what you need and pay it back within 30, 60 or 90 days, totally hassle-free.
We don’t charge set-up fees or other admin costs*. Instead, we have a set interest rate which will be outlined in your agreement. This starts at 1.5% per 30 days and is based upon your business credit score.
*Late payment charges may apply.
Absolutely - Cash Advance can work for businesses that just need a one-off boost or businesses already using another financing route but need cash quickly.
If you take a Cash Advance and suddenly find you can’t pay it back as quickly as you thought, then get in touch with us and we’ll see what we can do.
APR means annual percentage rate of charge. It is an illustrative rate intended to help you make comparisons against other products. It reflects the annual cost of credit, taking into account the rate of interest and any fees charged for taking out the loan.
Representative Annual Percentage Rate (representative APR) is based on our reasonable expectations of what customers are likely to receive, taking into account the APRs of past agreements and calculated in accordance with guidelines provided by regulators. Actual rates charged may vary depending on specific characteristics of each loan and borrower.
For example, an advance of £10,000 repaid over a 3 month period with an interest rate of 18.0% per annum (fixed) the APR would be 19.6%. The total amount repayable would be £10,450.