As the government loan schemes, such as all furlough schemes, come to an end in November, many business owners will feel as though they’ve been left without options and are now helpless. We feel that it is important to state how incorrect this is; there will still be a way out and we want you to know how you can keep your business afloat.
There are many alternative funding options available to business owners over the internet in today’s society, though it’s key that you pick the right one for your business. If your company receives payment for products via card transactions, such as an independent shop, etc. there’s likely no better funding method for you to look into than the Merchant Cash Advance.
PDQ Funding are one such company that offer the Merchant Cash Advance and they’ve got the proof that it works. A representative of the company has informed us that, “The success rate of the Merchant Cash Advance isn’t something we find surprising anymore. We’ve now served so many clients that we don’t see unsecured business loans as the alternative, it is now the new normal in the UK. We’ve experienced a massive amount of businesses, both small and big, getting into contact with us during the time of the pandemic and we’re pleased to report that each of them have achieved growth as a result of utilising our services”.
Unsecured funding is the current trend among business owners across the UK, as it is helping to see them through the dark times of the pandemic and taking away the constant financial worries that Coronavirus has brought along with it for many of us. Though, the key thing that makes the Merchant Cash Advance stand out in particular, is the fact that it allows business owners to borrow money that they only have to repay once they start making enough card sales.
For example, if you take out a Merchant Cash Advance and have a slow sales month, you’ll pay less money back than planned, However, if the loan helps to boost your business and your sales shoot through the roof, you’ll repay the loan at a much faster pace and the money you owe will be gone before you know it. This is what makes this product a win-win scenario for many business owners and is the reasoning behind its recent surge in popularity.
The success rate speaks for itself and thus, we’re discovering an increasing amount of businesses recommending this finance solution to their colleagues.
PDQ Funding’s loaning formats are unsecured, meaning there is no collateral attached to them that could potentially come back to bite you. Furthermore, they don’t take into account your credit rating, making this a perfect option for business owners with poor credit scores in need of some fast funding. Cash advances like this differ from traditional banking loans for these reasons.
Apply for a Merchant Cash Advance from PDQ Funding today by visiting their website and filling out an application form.
