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Business Finance

Merchant Cash Advance

Rather than a loan, we offer unsecured funding by purchasing a portion of your future card sales.

This smarter money management provides flexibility not only catering for your existing requirements but for your future needs. This means you can scale your business your way. And because you’re not tied to any fixed amount, you repay less when things are slow and more when business is flourishing.

Moreover, eligibility is simple; based on your card sales history, your business can access finance equalling its average monthly turnover of credit card transactions. And unsecured funding means you won’t need to use an asset such as a property to secure against borrowing.

There are no interest charges, no hidden fees, no need for a perfect credit score and because it’s not a loan you credit score will not be affected. 75% of all applications are successful and a pre-approved decision is made on average within 24hrs with funds received in 5 days.

Merchant cash advances: Example case

  • A restaurant has a oven/cooker break down in the middle of a busy spell — it needs to be replaced as quickly as possible to maintain sales and reputation.

  • Merchant cash advance is approved based on the previous months card payment transactions.

  • Funds released immediately, so the new equipment can be ordered and installed  on site.

  • Repayments made as a percentage of each card transaction over the agreed period.

Number One Payments

Number One Payment Services can provide an up-front cash injection for your business simply by arranging the purchase of future debit and credit card transactions. You choose the amount you need – anything from £2,500 to £300,000 based on your card takings history.

The cash advance is paid back to the purchaser at a mutually-agreed percentage of your daily receipts (up to 20%).

There are no interest payments and no hidden charges just one fixed cost which is agreed up-front. Moreover, you don’t need a perfect credit score to be approved, and because it’s not a loan you credit score will not be affected.

Merchant Cash Advance is an extremely competitive product in the market place.

The streamlined qualification process could hardly be easier. You could receive funds within as little as 5 days.

What are you waiting for?

Rather than a loan, we offer unsecured funding by purchasing a portion of your future card sales.