Cash Advance for Merchants – How it works
How much of an Advance can I get ?
Paymentsense can fund between €1000 and €750,000 per business. They are offering business finance for merchants. They even provide funds if businesses are in temporary lockdown due to Covid 3 Lockdown. The amount Paymentsense will fund any business that after it does due diligence and can make a decision quickly. 3-6 month statements will need to be provided and repayments will be as a percentage of card takings .
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Merchant Cash Advance for Business - Merchant Finance
We know cash flow is vital for the health of any business. As we have busy and not so busy days we know that a boost is often needed. Traditional institutional bank loans are not always suitable. Usually they require a fixed monthly repayment and that doesn't allow for the flexibility you require. As a consultant for Paymentsense, we have partnered with YouLend to offer business funding.
You can borrow between 1,000 and one million pounds. Repayments are agreed as a percentage of your daily takings. On busy days you pay 5-10% of taking and less busy you will pay the same
The application is very simple unlike banks a nd once accepted the funds are in your account within 48 hours
There are no hidden charges as the total cost of what you borrow is fixed.
The funding can be used for the hiring of new staff members and is an ideal way to boost cash flow