Many retailers find it difficult to fund vital business plans and goals, because traditional loans are becoming more difficult to come by. Smaller retail units may find that they don’t have the cash flow and credit score to apply for these traditional loans, but there are other options to ensure you get the working capital you need.
United Kapital offer retailer working capital which differs from traditional business loans in many ways.
The first major difference is that the finance is an advance on your future earnings, repaid through your customer’s future credit and debit card transactions until the full amount is settled. This means if your business processes over £3500 a month in card transactions you could apply for a retailer working capital advance online today. This makes it ideal for clothing retailers, electronics retailers, DIY stores, garden centres and more.
Another key feature of the retailer working capital finance is that it is unsecured, putting none of your assets at risk. You have no fixed monthly repayments to worry about because your repayments are made automatically every time your customers make a purchase and pays using their card.
The funds you receive through the working capital advance can be used for vital expansion plans, such as opening up a second store, expanding or refurbishing your current store, buying a company vehicle or even training new staff.
With high approval rates (4 out of 5 qualified applications are approved) and quick transfer of funds (typically within 14 days) you could receive anywhere between £3,500 and £150,000 by getting a retailer working capital advance.
The amount you initially apply for could even be extended further if certain conditions are met. Some retail units realise they need the extra cash boost to complete their business plans or cover unforeseen costs. Having the option to extend your working capital advance makes this cash loan alternative refreshing, flexible and highly valuable for retail units across the UK.
