Customers pay one simple all-inclusive cost – a flat fee that is known upfront and does not incur any interest, hidden charges or late fees. Repayments for Business Funding are made as an agreed percentage of the customer’s daily card takings, so they aren’t tied into a fixed repayment every month. This is a great offering for customers as they will repay a little more on busy days and a little less on slower ones.
Typical funding is from £1,000 to £1M*. This will vary
depending on the customer.
Funding time is usually 4-12 months.
Cost: Fixed fee – Average 15% of the amount offered repayment. This will be pre-agreed by the customer and lender directly.
Repaid via acquirer flow – The customer repays the funding advance via a daily % of their card Takings!