How a Merchant Cash Advance can help your business grow

September 1, 2015

It takes money to make money…

Project managing/planning, supervising staff and trading within an under-performing market are just a few of the daily challenges that you could be facing as a business owner. The most common problem however is capital. Additional funds could allow your business to grow but where do you start?

Here you will find some useful information in regards to the various options which may be available to you when funding and financing your business.

Traditional Methods of Securing Business Funding

A business loan is much like a personal loan, but it’s designed specifically for your business needs. It is capital that has been borrowed to pay for expenditures that the business is unable to pay for. This could include staff salaries and wages, marketing spend or even office developments. A business loan is a lifeline for a struggling company and could provide it with a chance to achieve and flourish if invested in the correct way.

Reports suggest that bank support for SMEs (small and medium-sized enterprises) within the UK throughout 2014 was a total of £29.9 billion – this is 9% up on the previous year thus proving that business loans are currently very much in demand.
Keep in mind when applying for a loan, interest rates may vary depending on which type of finance agreement you apply for. Most high street banks can provide start-up funds for your business needs through either a loan or credit.
A credit card is a fast and popular solution for attaining funding support for your business. It’s simple to apply online, can offer purchase protection for peace of mind plus the cardholder can set a limit as well as manage their account online. Interest rates obviously apply and can vary depending on the lender so be sure to do your research before committing to this particular lending option. Depending on the amount you wish to borrow, using or extending your existing overdraft may be another tempting option but be aware of the fees and fines which you may incur when using this certain technique.
The business owner may be able to secure business funding via several personal sources. This could include using personal savings, using money gathered from redundancy or shares as well as selling assets, re-mortgaging your home or even borrowing from family members. The later could be a risky step in regards to repayments and could potentially lead to relationship complications if not controlled in the right method.
The risks and benefits should be carefully considered for all funding possibilities to ensure you make the correct choice for your business requirements.

What are the benefits of a Merchant Cash Advance?

A Merchant Cash Advance can be very beneficial to a business of any size. It could prove significant for a start-up business in regards to supplying the means to purchase property and much needed equipment. It can also prove to be equally important to an established business that requires a cash injection to assist with salaries, stock and office refurbishments. Whatever the necessity, a MCA can provide a company with the resources it needs to develop, grow and succeed.
What is Merchant Fund

Merchant Fund Cash Advance

Merchant Fund from Chip & PIN Solutions can offer a cash advance designed to support your business requirements. If your business accepts a minimum of £2,500 a month in sales through your card machine, you could quality for an immediate cash injection from Merchant Fund.
We offer a Merchant Cash Advance (MCA) from £2,500 to £500,000. The setup process is quick and easy, no security is required (we approve 90% of applications), we provide auto approval on funding up to £15,000 for business who have been trading for 3 years or more as well as delivering a super-fast application process where your funds could be available in your bank account within as little as 10 working days. Click here to find out more about Merchant Fund.