The commercial finance is more wide-ranging than ever before, and it’s tough to know where to start. If you’re looking for a commercial finance, we can help you find suitable commercial finance from specialised finance lender across UK.

Different types of funding solutions we can get.

  • Loan based on assets owned by a business – Secured Loan
  • Loans that are not backed by any asset – Unsecured Loan
  • Loans based on your future credit card and debit card sales – Merchant cash advance

    Merchant Cash Advance – Get approved & funded with in 24 to 48 hours **

    A Merchant Cash Advance is an unsecured business loan substitute. It’s an instant & short- term cash booster between £5,000 and £200,000, which works by you to funding your cash flow and business needs. Contrasting old-style finance products, there is no APR* or hidden costs! Merchant only agree on a simple, comfortable cost that is paid back, typically over 7 to 12 months as a fixed percentage of your future credit card and debit card sales – simple!

    What are the advantages?

    With flexible repayments and no fixed term, a merchant cash advance can offer many benefits over traditional bank loans and other forms of business finance.
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    Works with your credit/debit card terminal

    There’s no need to change your existing card terminal (PDQ) machine, everything stays the same**.

    Flexible repayments

    You automatically repay when you sell to your customers – There’s no fixed payment terms.

    No asset security required

    The advance is unsecured.

    No hidden costs

    You agree a simple, comfortable cost that you pay back as a fixed percentage of your future credit and debit card sales.

    What paperwork is required to get it approved?

    Credit/debit card terminal & Bank Statement

    6 months to 12 months card terminal (PDQ) machine statement.

    6 months of business bank statement.

    ID Copy of Director

    Photo of original UK driver’s License or passport copy.

    Proof of Address

    Copy of your utility bill (not older than three months) or your Lease copy or Business Rates.

    Any other Documents

    In some cases, Lenders may ask for some other documents.

    How much can business borrow?

    Your monthly average of credit/debit card terminal turnover.

    Though in some cases amount may warry as it is on the discretion of lenders underwriter.

    Daily Repayment of loan ?

    7% to 20% of your daily credit/debit card terminal turnover. **

    Though in some cases percentage of daily split may warry as it is on the discretion of lenders underwriter. It’s designed to work alongside your busy and quiet periods. For example, if you have a slow month on your card sales then you only pay back the agreed percentage of those sales. It keeps repayments in line with your cash flow through the good times and bad.

    If you wish to go ahead please fill up the attached Fact find document and we shall contact you soon.

    What happens Next.

    We will submit the documents to lender and get the Loan Offer for you.

    And once you accept it you shall get the contract/agreement from Lender to sign. And will receive Funds within 24 to 48 hours in your business bank account.

    Pay2day acts as a commercial finance broker and will get paid brokerage fees from lender.

    ** Subject to submission of all required documents and outcome is on lenders desecration.