A Business Cash Advance (BCA) is a type of loan based on future revenue. It is the cash inflow in your existing business without any security or collateral. It is also known as PDQ Loan or Merchant Cash Advance. The primary purpose of BCA is to inject cash in the business with a pre-fixed rate charged against your expected future transactions including credit card payment receipt.
Merchants and Businesses can receive working capital against future credit card sales. This mode of repayment provides a lot of flexibility as there is no fixed repayment amount every month.You pay as you generate revenue, simply paying a percentage from each of the future transactions till the agreed amount is re-paid.
We usually advance a capital amount equal to your monthly card sales turnover. Thereafter, an agreed percentage (usually around 10%) is then deducted from each of your future card sales to repay the amount.
Each time you process a sale through your merchant card machine, 90% of the revenue from the sale will go into your business bank account and 10% will get transferred towards the repayment of the advance.
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An innovative funding product that was designed to serve the financial needs of the small and medium sector.
For a quick inflow of cash in your business without offering as such security, an unsecured business loan could be an alternate and a fast, easy funding remedy for your business.
ELIGIBILITY CRITERION Being a visionary, Mr. Lavil Dhillon envisaged a rather easy and structured process to enable funding for SMEs. With a vast market experience of more than a decade, he established NFS to provide “Alternative Business Finance” for emerging businesses across Great Britain.
We can get you the funding you need in as little as 48 hours. We’ll also provide top-ups, repayment holidays and a flexible repayment term.
We don’t believe in hidden fees. If you apply online there are no set-up, application or arrangement fees. You’ll know exactly what you’re paying upfront.
We won’t penalize you for growing faster than expected. On average, our customers save 44% on interest by repaying early.
We’ve been rated ‘excellent’ by our customers on Trust pilot. In fact, businesses we work with love us so much that two thirds come back for more funding.
The primary purpose of BCA is to inject cash in the business with a pre-fixed rate charged against your expected future transactions including credit card payment receipt.