Cash Advance

A fast, flexible alternative to a bank loan with repayments aligned to average monthly card sales.

What is a Cash Advance?

The concept of a business advance has existed globally as a funding solution for more than ten years. It offers short-term cash to SMEs that need funds quickly but do not wish to use bank loans, sell equity or rely on overdrafts. Cash Advance from Annecto is quick to arrange and is relatively short term, typically taking 6 to 12 months to repay with no fixed interest rate or fixed repayments.

We can provide at least one months’ average card takings for any business purpose in a matter of days and offer you a funding amount of between £2,500 and £300,000. This could help your business expand, improve cash flow and provide future financial stability. Your merchant account does all the hard work for you so there are no late fees and no increase in charges. 

  • Pay-as-you trade settlement by paying a fixed percentage of card takings each month
  • Unsecured borrowing, so our customer's businesses or homes are never at risk
  • No administration or application fees
  • 80% of requests are approved and 70% of our customers renew their Cash Advances
  • Once approved, funds are available in as little as 24 hours

Cash Advance calculator

Find out how much we could advance you

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We advance you cash based on your average monthly credit & debit card sales

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You repay us by us deducting a fixed percentage of your daily credit & debit card sales until the advance has been repaid

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What could you use a Cash Advance for?

  • Buying stock
  • Refurbishments
  • Purchasing capital equipment
  • Paying bills to boost cash flow

 

So how does it work?

  • We advance the cash based on your average monthly credit and debit card sales
  • You repay back the money borrowed by deducting a fixed percentage of your daily credit and debit card sales until the advance has been repaid

 

Do you qualify?

  • As long as your average combined credit and debit card sales exceed £2,500 
  • You been accepting card payments for more than 4months

Why not complete our Cash Advance calculator and see how much you could qualify for?

Cash advance calculator

Get in touch

If you’d like to talk to us about our products and services, or would like some general advice, please click here or call us on 03333 447 010.

Contact us