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March 2017

Lolly launches merchant cash advance

By | Uncategorized

Market research indicates that since the Brexit vote UK tourism is likely to benefit. In response to the hospitality sector’s continued growth, Lolly, the Point of Sale (PoS) specialist, has launched merchant cash advance – helping to support its customers to increase capacity and to meet demand. Merchant cash advances, repaid as a pre-agreed percentage of future sales, are becoming increasingly popular due to their flexible nature and the fact that the repayment plan accounts for seasonal income variations.  It provides businesses, that take credit and debit card payments, with a low risk cash advance.  This financing has a much lower impact on their cash flow because repayment is based on their day-to-day trading levels.

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