Merchant Cash Advance
A merchant cash advance is a great new way to get business funding from future card transactions. Already popular in the United States, this system is perfect for any business which accepts cards as a method of payment. A merchant cash advance allows your business to get an advance on future card sales your business gets so is perfect for businesses which have seasonal fluctuations in sales or needs funds for expansion. The really great thing about a merchant cash advance rather than a bank loan for example, is that your business will only pay a percentage of future card sales to pay back the advance, so if your business is quiet it doesn't matter. This is what makes it a great method of funding for all sorts of businesses from shops to hotels.
Listen to our recent interview on Pirate FM which explains the ins and outs of a merchant cash advance