MERCHANT CASH ADVANCE

Qualifying Criteria:

1. Been operating the business for a minimum of 12 months

2. Have at least 12 months PDQ statements

3. Be processing a minimum of 20 transactions a month

4. Must not be heavily seasonal

5. Averaging a minimum of £3,500 per month on card sales.

6. Must be of good standing with the terminal provider – reference taken

7. If a tenant must have at least 12 months left on the lease and be up to date with the rent – reference taken

8. Between £3,500 - £250,000 available for your business

Benefits:

• No need to change PDQ provider.

• Credit decision made by Lender, quick turnaround.

• Repayments fluctuate with sales through PDQ terminal

• Cash sales not taken into account therefore undisturbed

• Can be used to finance things banks wouldn’t touch

• Could be used as a deposit for larger items taken on credit

• Renewable after 5 months on good performance

 Example: - 1
Restaurant taking £15,000 per month through the PDQ machine wants to upgrade the kitchen

  Example: - 2
MOT/Repair garage taking £20,000 per month through PDQ machine needs a new tyre replacement machine costing £10,000 he knew payback would be 4-6 months so didn’t want to do a standard asset finance deal.