Stock financing for retailers

There is hope for the small independent business at last. Where traditionally the smaller independent retailer struggled to get financing for stock, there is a now a finance option available to allow you do this enabling you increase turnover, revenue and grow your business. If your business has a credit card machine a Merchant Cash Advance is the way to achieve this. A Merchant Cash Advance is a simple and easy source of funds for your business. It has grown hugely in popularity over this last year allowing retailers raise up to £500,000 for stock financing or any business purpose. We have a range of lenders that can arrange this for you and can help you select who is best suited to you (our advice is provided at no cost to you, of course) So how does it work?

• Cash Advances between £3,500 and £500,000 are available
• The amount you can get is approximately equal to your monthly turnover on credit card machine (but if you also take a lot of cash/non-credit card payments in your business you may be eligible for more than the monthly turnover)
• The advance is unsecured
• Other than showing 6 or 12 months' credit card batch statements and 3 months' bank statements, there is very little paperwork required
• Repayments are made via your credit card machines; a set percentage of your daily takings from your credit card machine will gradually reduce your advance balance over time
• No repayment deadlines and no late repayment charges. As repayments are linked to sales, if your business is thriving you will pay it back quicker but if sales are slow it will naturally take longer and that's not a problem.

And what do you need to get a Merchant Cash Advance?

• 12 months of statements from your credit card machine is ideal but 6 will do for some finance providers
• A minimum turnover of £3,500 per month on your card machine
• At least one year must be left on your lease.
• You will considered even if your business has had some adverse credit history (in fact, the majority of businesses who get this kind of finance have some adverse).

Finance can be arranged in as little as two weeks and there is no need for you to change your card provider from whoever you have now. This form of finance is completely unsecured so ideal for businesses in leased premises who are turned down by banks for finance because they have no security. With a Merchant Cash Advance you effectively use your past trading history as security for this advance. If you've turned over an average of £25,000 per month on your card machine for each of the last 12 months, it is likely you'll do that - or more - in the next 12 months and as your repayments are a percentage of this turnover, the Merchant Cash Advance lender is happy to provide finance on this basis - perfect as a means of stock financing for retailers. To speak to someone about getting a Merchant Cash Advance either complete the contact form on our Merchant Cash Advance page here or call us on 0845 1260350 to discuss your options. ** Please note, Choice Loans do not charge you any fee to arrange your advance and all our advice is completely independent. **