Selling your credit card receivables is a great alternative to a small business loan or an overdraft. Unlike a business loan, a business cash advance provides:

• unsecured funding with no collateral

• quicker than a loan - funds within 14 days of application

• no complicated paperwork and high approval rate

• no fixed monthly payments

• use for any business purpose

• typical advance is one average months credit card sales

This is a new service in the UK, but one which has been well established in the US for more than 10 years. It is very suitable for unforeseen expenses or repairs, and when clients use the service there is a high level of satisfaction which results in repeat business.

A business cash advance converts your future Visa and MasterCard receivables into immediate cash that you can use for any business purpose. Repayments are based on a small fixed percentage of your future Visa and MasterCard receivables. Payments are automatically applied to your remaining balance until the balance is satisfied.

If you have a bad month, you just pay off less of your loan, automatically, without question. It's easy to apply and approval rates for the facility are high. Turnaround is fast, so within 2 weeks you can have your money. Maximum advance is 1.3 months credit card sales.

To qualify  you need  an average £3,500 in monthly Credit/Debit Card sales over the last 12 months, or a total of more than £42,000 over the 12 month period, verified by card statements.

NB.    This service is only available, at present, to users of the Lloyds Cardnet merchant processing scheme. If you belong to another scheme we will arrange to switch you to Cardnet membership as part of the application process. Lloyds Cardnet is the only merchant network which has the technology to operate this scheme.