Cash Advance & Loan Advance

Give back to your business with a refurbishment, some new stock or a seasonal promotion with unsecured funding from £2,500-£250,000; that leaves your assets safe and is never repaid disproportionately to your income.

Get funding now

Bring your business plans to life

 

The biggest reasons businesses take out an advance is to fund a refurbishment of their premises, stock-up for a promotion or strengthen their team.

Whatever your plans are, we want to support them. RMS members have access to preferential rates for a Cash Advance & Loan Advance through our dedicated funding partner, YouLend.

 
There’s a reason 80% of businesses renew their advance.

 

✔ Access to unsecured funds from £2,500 to £250,000
✔ Repay flexibly through your card machine or e-com site
✔ Get funded in days, with all costs agreed upfront 

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Cash advance explained

Our simple definition

"An advance payment made to your business from the provider as a lump sum, which is then repaid as an agreed percentage of your future card transactions."

Contractually unsecured

This is not like a traditional bank loan; you don’t need any collateral to secure a Cash Advance. Qualification is based on your average earnings from card payments.

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Flexible repayments

 

Once you've been funded, repayment begins via your card machine or e-commerce site. When a customer pays you on card, a percentage of that transaction is used to repay the advance.

This percentage stays the same regardless of the transaction value, so you'll always repay proportionately to your earnings. Meanwhile, your physical cash intake will remain unaffected.

You will only repay as you earn.
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Funding to fuel your growth



Cash injection for your business

Contractually unsecured funds from £2,500-£250,000

Fast route to funding

From application to funded in 2-7 days 

Approval rate much higher than the banks

An attractive solution for those refused funding elsewhere

Only payback as you earn

All repayments are proportionate and flex to your earnings


GET FUNDING NOW

Decide on the size of your advance

£2,500 - £250,000*

Agree your fee and flat percentage upfront

There are no hidden costs

Automatic repayment begins

When your customers pay on card

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Loan Advances up to £500,000

 

If you’re a limited company looking for funding that exceeds £250,000, then a Loan Advance may be a viable option for you.
 

Our simple definition

“A Loan Advance is like a Cash Advance with a higher borrowing limit, suitable for limited companies. With maturity fixed at 1.5 times the expected repayment time, based on your historic revenue, the repayment period is much longer compared to traditional loans.”

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This is not a traditional loan. It's better.

 

✔ Larger borrowing limit
✔ Longer repayment period
✔ Competitive & clear pricing options
✔ Suitable for Limited companies

 

We will always be on hand to help you and discuss any bespoke funding options.
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Better than a bank.

★★★★★


"A straight forward and easy solution. My business can expand thanks to the advance from YouLend and their partnership with RMS. It’s a nice, simple, and transparent way to work. From our experience, when you are a fairly new business that has grown very fast other lenders don’t want to know. Please speak with these guys, they are better than a bank!"

 
- Robert Frew, Mobility Matters Ltd

FAQs | Cash Advance & Loan Advance

What do I need to qualify for an advance?

There are some basic criteria we ask our customers to meet before they can become pre-qualified for a cash advance:

  • Have been in business for at least 1 year.

  • Accept card payments from your customers via a card machine or e-comm gateway.

  • A minimum monthly card turnover threshold of £2,500 per month, based on a minimum of 4 months’ worth of trading.
How much will I get funded?

If you know your monthly card payment turnover, this will give you an estimate to the size of advance you could receive. 

Typically, you can get an advance at 100-110% of your monthly card turnover e.g. a monthly card turnover of £6,000 will equal around a £6,000-£6,600 advance.

How are repayments made?

Once your advance has been funded, the repayment process begins automatically. From this point on, whenever one of your customers pays you on card, a small percentage of that sale will go towards paying off your advance.

The flat percentage value is agreed before the point of funding and will stay the same regardless of the transaction value.

For example, if it's 5%, it will be 5% of a £10 sale or a £1,000 sale. The repayment value flexes to the size of the transaction. This process will repeat until the advance is fully repaid.

How long does an advance take to repay?

A Cash Advance will typically take an average of 9 months to repay, but this may vary depending on the size of your advance and the frequency & value of card transactions being paid to your business.

Some Small Print

*Eligibility criteria will apply. Businesses must be trading for a minimum of 4 months. A minimum monthly average of £2,500 in card transaction turnover must be achieved and in some cases proven by the provision of merchant statements. Cash Advances range from £2,500-£250,000 and are based approximately on 100% of your average monthly turnover from card transactions. Loan Advances range from £2,500-£500,000 and are only available to Limited companies. All Cash Advance and Loan Advance applications are processed by our dedicated provider, YouLend.

Get funding now

To start an application for funding or simply to get more information, visit our dedicated partners of Cash & Loan Advance, YouLend.