County Finance Group is delighted to launch a special service that will provide a vital alternative means of funding to small and medium sized enterprises.
With bank lending to SMEs at its lowest level since 2006, our Merchant Cash Advance Service will offer a lifeline to businesses by enabling them to sell a percentage of future sales in exchange for an upfront cash advance. Aimed at companies that require swift access to finance, the service is particularly suited to the retail, hospitality, and leisure sectors whose primary payment method is through a credit card terminal.
Businesses using the service will repay the advance through a percentage of income generated via the credit card terminal. So if you experience a bumper month the repayments will be higher, leading to the advance being settled that much earlier, while conversely, if sales are slower, your repayments are lower, ensuring unnecessary pressures aren’t placed on cash flow.
For further information about the Merchant Cash Advance Service, please contact a member of our team.
