Services Provided By Merchant Money
Many businesses are in search of funds to expand their operation, procure stock, or hire talented employees. Both established organizations and SMEs are most of the time require funding, which sometimes is hard to get through the banking institutions. Merchant Money has created a platform of lending unsecured loans to enterprises in the UK using very flexible terms. Merchant Money are also SME Business loan providers. Here are the services they provide to businesses.
The lending institution offers affordable, flexible, and quick business loans of up to £100,000. Most of these business loans do not require security or collateral to guarantee repayment from you.
The terms of refinancing these unsecured business loans range from one month to two years. Merchant Money does not require you to pay any early settlement penalty, but you only have to refinance the amount borrowed plus the interest charged or rather outstanding on the principle amount.
In advancing the unsecured business loans, the lending facility does charge zero application as well as obligations fees. The lending institution tailors the unsecured business loans to suit your ability to repay with ease as well as meet your credit profile. The flexibility in the terms allows many SMEs and other companies to access funding, which they could not get in other banking institutions.
Pay As You Trade
The second most significant service offered by Merchant Money is the advances of up to £50,000, which depends on your credit or debit card sales in the future. They add a pre-agreed fee to the money advanced to your business while the principle amount and the pre-agreed cost is repayable daily subject to when you earn only.
There are no fixed monthly payments or fixed terms. The advances come with a 90 percent approval rate. Just like the business loans, “Pay As You Trade” does not need collateral or any security. The company has enhancements, which include an introductory period that is interest-free. Moreover, the advances do not require any APRs, administration fees, or any hidden costs.
In addition to offering quick, flexible, and transparent pricing and terms for their lending products, Merchant Money provides professional lending advice to its client. They have a quick estimate calculator that they use to evaluate your business and determine how much loan you can procure.
The objective of the Money Merchant is to see your business grow, and so it keeps close ties with you to ensure the enterprise gets the best regarding talents, stocks, and any other prerequisite for its success. Many SMEs in the UK has relied on these advisory services to develop and become competitive in the market.