Business owners who do not have a perfect credit rating or collateral to offer are still able to get approved and receive funding. Because funding is based on affordability and dependent on future turnover, personal credit history is considered, but does not determine affordability the same as when applying for small business loans from banks.
You can qualify for up to 100% of your business’s average turnover. It’s a good idea to have this amount handy to better understand what you can expect. Then, as soon as your statements have been analysed, you will be contacted with a more accurate qualification amount.
Loans apply interest rates, while advances apply a fixed cost. Normally with a loan from the bank, you would require to show a business plan and have a bank account with that bank for a period of time.
Understanding that every business has unique needs, you can choose between a daily or weekly debit order. Debit orders provide the opportunity to know exactly how much you are paying back on a daily or weekly basis rather than paying a large single sum at month-end.
We pride ourselves on creating a customised funding solution for each and every client. We never apply a one-size-fits-all pricing model to you or your business. It’s best to complete the contact form so we can begin working on a structure that works best for your business.