Frequently Asked Questions
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Faster Payment Solutions provides services for businesses such as Card Processing and Card machines. Our team can assist with saving money on your Energy supply, Broadband and Phone, ePos solutions and Business Cash Advance funding.
A Business Cash Advance or Merchant Cash Advance is a loan that is linked to your card payments. You can access between £2,500 and £200,000 in the form of unsecured finance. They can be available within as little as 48 hours. The most appealing thing is that you only repay when your customers pay by debit or credit card.
– Simple application with 90% approval
– Borrow between £2,500 and £200,000
– No admin fees or hidden extras
– Payback only when you sell
– Unsecured finance, no security or business plans required
– Simple, all inclusive repayments
– No Fixed term or set repayments
Cash Advances, unlike regular bank loans, offer no fixed weekly or monthly repayments. You only pay back a small percentage of your card sales, meaning you only pay when you sell. If sales are down, repayment amounts are also low. This helps you manage cash flow, especially during the quieter times. There is a single, all-inclusive cost added to the advance, meaning there are no APR’s or late fees. With a simpler application process compared to a regular bank loan, and your advance being approved in around 48 hours, you can have the funds in your bank account within days of applying.
You can borrow between £2,500 and £200,000. It is tied to your card sales with you typically being offered up to 125% of the monthly card turnover.
We are currently able to offer comparisons and savings on Business Gas, Electric and Telecoms products (Broadband and Telephone).
The process is fairly simple we can look at your current bill and tariff amounts. From here we can find you the best deal from our 30+ partners and then see what we can offer you to bring your costs down. In most cases we will be able to save you money. Our team can take care of the entire process and switch you over quickly and easily.