Advances are based on a customer’s historic monthly card turnover and repayment is through a daily percentage (typically less than 20%) of card takings.
Approval is usually provided in less than 7 days; with over 90% of applications being approved. There is no fixed final repayment date, repayment is made via the agreed daily % of card takings. Therefore Liquid Finance only gets paid when our client gets paid.
Merchant Cash Advances are often used as a complementary source of finance, alongside a traditional, longer term, bank loan or in support of equipment leasing.
Funds are often used to cover the soft costs associated with the refurbishment of premises, stock purchases for retailers, business expansion investments and many other growth opportunities.