Salon Merchant Cash Advance

A Salon Merchant Cash Advance is a new, unsecured and faster way to raise funds for you SME business.

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What is a Salon Merchant Cash Advance?

A Salon Merchant Cash Advance is a new, unsecured and faster way to raise funds for you SME business. It’s not like a traditional business loan, it works seamlessly with your existing PDQ card machine and you simply pay back the amount you borrowed from your future credit card sales.

You can use your Salon Merchant Cash Advance for any purpose including:

  • Training and recruiting new staff
  • Purchasing stock
  • Purchasing new equipment
  • Refurbishing or expanding your salon
  • Helping with your cash flow
  • Advertising
  • Emergency repairs

It is a great way to find the cash injection your business needs without the fuss and lengthy time-frames associated with business finance. Apply now to get your FREE no-obligation quick quote today.

The Benefits

Merchant cash advance has many benefits for an SME business including:

  • Only pay back on future credit and debit card sales
  • Works in line with your cashflow
  • Unsecured cash injection (no assets required)
  • No fixed monthly terms
  • No business plan required
  • High approval rates
  • Less paperwork and hassle
  • Works with your existing PDQ provider
  • Borrow £3k to £300,000
  • Same day decision and funding
  • Your cash sales are safe

How It Works

merchant cash advance how it works

A small percentage (usually 10-25%) of your future credit and debit card sales are deducted from each transaction until the advance if fully repaid. There’s no fixed monthly term as you simply pay back based on your businesses performance. For example, you pay it back less when you have a slow month but you back it back sooner when your have a busier month – It works in line with your cash-flow and business performance.

Do I Qualify?

To qualify for a merchant cash advance, your business must:

  • Be trading for at least 4 months
  • Accept credit and debit card payments
  • Process more than £2500+ in monthly card sales

If you don’t meet this criteria, don’t worry! We have a wide range of other business finance options available for you.

Get your free quote

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