How to take advantage of merchant terminal loans
It can be difficult for small and medium-sized enterprises (SMEs) to compete against large brands and corporations. However, various incentives are available to smaller businesses and one such measure is merchant terminal loans (often called merchant cash advances).
Merchant terminal loans can help small firms to access much-needed cash for business recovery or expansion. The amount of the advance will depend on the business’s monthly debit and credit card sales and can be anything up to 75% of the company’s monthly sales average. An agreed percentage of this lump sum is then recouped from each customer transaction until the advance has been repaid in full.
The advantages of merchant terminal loans
These offer greater flexibility and relieves pressure on businesses because there are no fixed monthly repayments. If takings fall, the amount of money recovered will automatically fall correspondingly. There are no penalties for late payments and business owners can track the progress of their merchant cash advance online.
How to access merchant cash advances
Stewart Hindley & Partners is dedicated to helping businesses, particularly hospitality businesses, expand and prosper.
Many restaurants and pubs can benefit from merchant cash advances as the majority of customers use either debit or credit cards to settle the bill. The amount advanced tends to be fairly high and can usually be repaid relatively quickly. Once approved, the cash can be in the business owner’s bank account within a couple of weeks.
To see how you could benefit from merchant terminal loans
- Contact us now for immediate confidential advice:
- Call us, without obligation on 01488 684834
- Email, requesting a callback, with a summary of present situation and difficulties and your contact details to firstname.lastname@example.org