Business and Product Insights

The key product features of Merchant Loan Advance center around flexibility, speed, and accessibility of funding. Firstly, it offers unsecured funding, meaning businesses do not need to provide collateral or personal guarantees, which significantly reduces risk for the borrower. Secondly, the funding amounts range from £5,000 to £500,000, catering to a wide spectrum of small to medium business needs. Thirdly, and most distinctively, the repayment model is directly tied to a percentage of daily credit and debit card sales. This means repayments are directly proportional to a business's revenue, offering unparalleled flexibility, especially during slower periods. There are no fixed monthly repayments, no late fees, and no penalties for early repayment. Fourthly, the application process is designed to be fast and simple, often leading to approval and funding within 24-48 hours, a significant advantage over traditional bank loans. Finally, it's accessible to businesses that might be considered 'high risk' or have limited trading history by traditional lenders, as the focus is on future card sales rather than solely on past credit scores or extensive business plans.