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...how it works
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The cash advance is determined by calculating the customer's average credit/debit card transactions over the previous year, and provides finance against future credit/debit card sales. |
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| In simple terms, the lender purchases the customers future credit and debit card transactions at a premium to provide them with cash now. The advance is repaid at a mutually agreed percentage deduction (between 10% and 25%) from future card transactions until repayment is achieved (normally 7 to 12 months). Lenders are paid back through retaining the predetermined percentage from each days business so they only get paid when your customer makes a sale. | ||
| As repayments are linked to sales, the more sales processed, the quicker the advance is repaid. If sales drop the outstanding amount remains the same, it just takes longer to repay. | ||
| For more information, you can download our Criteria and Submission Process form. To see if your client qualifies, click on the e-DiP button or call us today. | ||
This website is for professional intermediaries and introducers only and is not intended for use by the general public. All packaging of finance applications is undertaken by Capital Plan. By using this site and service you are agreeing to our terms and conditions. These can be found below. Capital Plan is a trading style of Specialist Financial Services Limited. Registered in England and Wales, No. 5309450. Registered office: 119 The Hub, 300 Kensal Road, London, W10 5BE. |