How Merchant Finance Works
The benefits of Cloud 9 Merchant Finance
Setting Up Your Merchant Finance
You complete your application form and one of our customer account managers will discuss your needs and what percentage of card sales you are willing to pay. The percentage you have agreed to pay begins to come off your card sales until the advance is cleared in full.
A term sheet is drawn up, you sign it, the money goes into your account within 10 days!
There is NO upfront fee just the percentage per sale that you agreed, capital that keeps pace with your card takings.
Payback As You Earn
There is NO repayment deadlines or banks chasing you, you simply pay only as you make sales via your card terminal.
Our unique independent split processing technology means that there is NO need to change your current systems or card terminal.
Benefits to you
- There are NO repayment deadlines and the money is simply recouped via an agreed % of your future card takings / revenue made through your terminal until its fully repaid. After you have paid back 90% of the advance you can renew for another if required.
- The advance gives you the liquidity to fund any future growth plans without having to overstretch your financial commitment.
- The smart alternative to a small business loan. It gives you an Unsecured cash advance, equivalent to up to 100% of your average monthly turnover on your card terminal.
Merchant Funding for the following:
- Bridging Capital
- Buying Equipment
- Major Stock Purchase
- Funding a Special Project
We don't tell our clients what they should use the advance for We trust you know more about running your business than we do. This advance can be used for any purpose of your business.