It aims to provide an alternative source of finance to the usual bank loans and other lending resources. The process should be completed within minutes after the application is sent.
Repayments of the loan will be calculated as a percentage of the new sales figures. This means that businesses that are struggling will not have to use up their reserved funds. The firm who is owned by online retailer EBay, said it would only recoup money when firms sell through PayPal services. The cash advances will be approved based upon customer history and will not require a credit check. Businesses will pay a single fee for the advance The scheme has already being successful in America having already provided the equivalent of £82 million in financial advances to US small businesses since September last year. |
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Business Growth
If you are looking for your business to grow, and it has the potential to do so, there is every chance you will accelerate that growth by working with a growth coach. Growing can be painful, there will be hurdles to overcome and changes to be made.
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Payroll and Auto Enrolment
Employing people can cause stress for a business owner for many reasons and one of these is payroll. Our teams expect that they will be paid on time and with the correct level of deductions made. We can provide a full payroll service for your business including auto-enrolment, keeping you compliant with your many legal responsibilities.
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When it comes to supporting small enterprises, helping them grow whilst avoiding regulatory and commercial pitfalls, we have a weath of experience, expertise and a kettle - a very good kettle. If you think we could be a good fit, get in touch to see how we can add value to your business.