The amount you can borrow is dependent upon your monthly card takings turnover, this is taken as an average over the last six months. The greater the sales turnover that goes through your card machine, the larger amount you can get advanced. If your business has a monthly average of £10,000 in sales via your PDQ Machine per month. The amount of funding you qualify for would be the same amount. Subject to underwriting the funding you could receive via a merchant cash advance could be up to 150% of your monthly card turnover meaning you could receive a larger sum. Credit levels that are available to your business via a lump sum are generally between £5,000 and £200,000. It has been known to support businesses with greater amounts.

Merchant cash advances are a short-term funding product meaning the term of the loan has a maximum of 18 months. The repayment time is dependent on your business performance from your credit card payments or debit card payments. This is great is sales are slow, meaning you pay back less, when sales are good the amount is paid back faster. Typical periods to make repayments are 6 to 8 months. As it is classed as flexible finance repayments can be as short as 4 months and stretch to a maximum of 18 months. Subject to affordability and the companies repayment history you will be offered an option to top-up your funding. This will allow you to increase the borrowing and extend the current term.