Alternative types of lending are available from United Kapital which allow small to medium sized businesses like pubs or restaurants in the UK, raise the working capital finance they need to extend or promote their business.
Alternative credit from United Kapital’s merchant cash advance is a revolutionary new way to borrow money which is unlike any traditional business loan. This is because it is not secured on an asset and there is no early repayment charge or fixed monthly fee which can be problematic for many businesses.
For example, a pub in Manchester might need £100,000 to invest in the company in order to open another premises in London. Similar to other retail outlets, because the pub processes credit and debit card transactions they are able to obtain working capital in the form of a merchant cash advance from United Kapital and agree a fixed percentage forwarded to United Kapital of each one of these card sales.
This acts towards the repayment of the cash advance. This process continues until the amount is settled and therefore guarantees a more efficient way of borrowing money.
Repayment progress can be tracked instantly online any time of day with United Kapital’s secure online merchant access.
Pub working capital can be applied for quickly and easily online, a decision will be made within a few days and if approved, you could receive the finance within just fourteen days.
Clive says: "As a small business owner, particularly in the catering industry working capital that is readily available and accessible is crucial to our success, and with banks cutting back their SME funding, United Kapital's cash advance programme was the perfect solution.
- The Bridge Inn, Shrewsbury
