Traditional methods of lending have made it difficult for pubs and other outlets to raise the capital they need to expand their business. As well as a difficult application process, traditional business loans have fixed payment terms, early repayment fees and high interest rates.
United Kapital offer a new type of lending which is unlike a traditional business loan. It is an alternative and innovative type of lending known as a merchant cash advance and is available to businesses throughout the UK who process credit and debit card transactions totalling more than £3,500 a month.
This is because the repayment of the cash advance is made regularly with a percentage of any payment processed on a credit or debit card. This makes repayment sensible, flexible and straightforward. The amount is pre-agreed and this process will continue to occur until the full advance repayment amount is settled.
Many pubs and bars in Manchester, London and across the UK, have taken advantage of this alternative lending method and used the finance to:
A pub cash advance means that the money you are borrowing essentially is an advance on the money you will earn in the future through every payment made on a credit or debit card from a customer, making it more efficient to borrow and repay.
