United Kapital is revolutionising small business funding in the UK. Official figures show lending to business continues to be an issue. In the past small to medium sized businesses have relied heavily on their bank which may result in raised overdraft charges, refusal of new loans or worse still call in the existing one.
The power of the United Kapital merchant cash advance as an alternative to bank finance allows you to make an informed and educated decision between the two major finance options.
| REASON | MERCHANT CASH ADVANCE* | BANK LOAN* |
| Working capital needed | £20,000 | £20,000 |
| Typical APR charged % | Not applicable | 11.9% |
| Repayment period | We take a small percentage of your daily credit and debit card sales until we are repaid. There is no fixed end date. | 60 months (5 years) |
| Repayment amount | The repayment fluctuates with the highs and lows of your daily sales. In short, we only get paid when you get paid. | £439 every month for 60 months |
| Security required | NO | In most cases YES |
| Refinance options | 60% paid off will make a merchant eligible for the renewal process. (This is typically 4 to 6 months into the programme.) | Unknown |
*The bank loan quote is taken from www.moneymadeclear.org.uk. This is a Consumer Financial Education Body (CFEB) website. This site offers free guidance to consumers looking at the cost of loans in the current market. The APR quoted is a typical example. Actual APR offered can vary higher or lower than the APR quoted.
