Business cash advance
Business cash advances at one fixed cost. A quick and easy alternative to conventional bank loans, overdrafts and invoice factoring.
Business cash advances are a great choice for:
Running a seasonal business and your cash flow isn’t as strong in the quieter months
Accessing a cash injection to hire more staff or invest in marketing
Situations where you’ve previously been rejected by the banks
Introducing merchant funding
If you need immediate access to cash and your business accepts a monthly minimum of £2,500 in card sales, Merchant Funding could be the perfect financing solution for you and your business.
How it works
Step 1 - Your average card takings
We can provide you with a quote within 30 minutes and you could receive funding between £2,500 and £500,000 within 10 working days
Step 2 - Your bank account
Once the cash is deposited into your account, repayments are automatically deducted from your monthly card sales
Step 3 - Watch your business grow
There is no limitations on how you use the funds. It could be used for a planned refurbishment, buy bulk stock or new equipment
Step 4 - Get in touch to get started
03333 39 39 30
help@novuspay.co.uk
More about business cash advances
Who is it for?
You’re eligible for a business cash advance if you are a business who:
Take £2.5k+ per month in card takings
Need a cash injection but want flexible repayments
Have been trading over 4 months
How it works
Funding from £2,500 - £300,000
One fixed cost, with no APR, harsh varying terms or penalty fees
Flexible and painless repayments that support cash flow
A quick, easy and no hassle onboarding process
Assistance from our expert team
Great reasons to fund
Get a fair price based on the profile of your business
Plan ahead with confidence knowing the payments take care of themselves
Get back to running your business, with funds in your account quickly
You’re likely to hear a “yes”! We have higher approval rates than the banks
How repayment works
Our business cash advances are an advance of cash based upon your future credit/debit card sales. You repay this via a pre-agreed percentage of your business’ card transactions.
Since your repayment is linked to your business’ card takings, you only pay back the cash advance when your business is earning money. Unlike other forms of business funding, like bank loans, company or personal assets are not required to qualify.
If your business cash advance takes longer than expected to pay off, the agreed repayment cost remains the same. We do not add any penalties or fees as there’s no such thing as a late payment.
Why Novus Pay?
Over 70% of eligible customers renew
Higher approval rates than the banks
Award winning funding solutions
Supported by the British Business Bank
9/10 customers would recommend us
Benefits of merchant funding
No Security Required
Unlike standard business financing, Merchant Funding does not require any assets to secure your cash advance.
Super-Fast Application
Funds available within 10 working days and deposited straight into your bank account.
Auto Approval
Advances up to £15,000 for customers trading more than 3 years are auto-approved.
Flexible Repayments
Repayments are deducted from your card turnover so you only repay what you can afford.
