Unsecured
Commercial Finance
Typical
Examples
Finance
potentially for a Restaurant, Bar, Pub, Hotel/Motel,
B&B, car workshop, garage, Florist, Opticians,
Off licence, Dry Cleaner. Retail shop, Dentist,
supermarket, Pet care and Pharmacy.
How
The Product Works
Client
must have a credit card/Merchant machine,
Client sells his future transactions to the
funder. On a sale and lease back arrangement
Example:-
If the client takes on average, £10,000
a month he can have £10k lump sum today.
Repayment
The client pays back either 10/20/30% of his
DAILY transactions back to the funder until
the debt is paid off. Typically 6-9 months.
So the funder gets paid when the client get
paid. (flexible payment terms)
Example:-
If the has a good day and takes £350 per
day and is on a 10% repayment he pays back £35
and keeps the rest of the money.
Example 2:-
If the client has a bad day and only takes £200
and is on 10% pay back then he pays back £20,
Or if the client is closed then he pays nothing
back.
Criteria
What
does the client need in order to qualify……???
The
client must have been trading for at least 12
months
The client must have a merchant/credit card
machine
The client must take a minimum of £3500
a month and at least 25 transactions.
If the client runs from a leasehold property
then they must have at least 12 months left
on the lease at time of funding.
Satisfactory references, from landlord or mortgage
company.
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