Merchant Cash ADVANCE

A merchant cash advance from Genie Lending could help your business to get ahead

Genie Lending provides fast, short-term finance for businesses that take card payments.

A merchant cash advance is an alternative finance solution allowing a business in England, Scotland, Wales and Northern Ireland to raise finance using the receipts from card processing terminals as security for the borrowing facility.  If you have processed debit and credit cards for more than 4 months, then you are potentially eligible for an immediate cash advance.

This type of facility is generally related to the average monthly card turnover processed through your card machine with different providers offering different percentages.  Some funders will also take into account your non card related income when agreeing their advance.

The normal minimum amount advanced is £3,500 up to a maximum of £500,000.

This is not a traditional loan.  A fee is added by the funder to the advance made and you repay that advance by giving a percentage of your daily card receipts directly to the provider.

Use is not restricted to shops, pubs and restaurants, we just find it is most popular with those types of business, but we have also helped with unsecured finance for MOT stations, used car dealers, hairdressing salons, solicitors, garden centres, hotels and many other small and medium sized businesses throughout the UK.

Please see our product guides for an example. If you are within the UK and would like to request a merchant cash advance or simply wish to learn more about our alternative finance solutions, please get in touch with us.