Published: 01 February 2009 in Published: 1 May 2009 in The Fed. National Federation of Retail Newsagents Magazine June 2009
Cashflow PLUS is a new product, launched by existing business partner, Commercial PLUS, to relieve short term business cashflow problem.
Cashflow PLUS will work as a cash advance based on your future earnings generated through the credit card transactions of your business. The application process is quick and easy and minimal underwriting means that neither security, accounts or tax return information is required to set up the advance.
If your application is successful, funds of £3500 – 100000 can be made available to you within 10 days of approval. Funds can be used for any purpose such as refurbishment or to tide you over in the short term if you are facing a difficult trading period.
Cashflow PLUS is not a loan so there is no fixed term, no specified repayment dates and no penalties for late or slow payments. Repayments are taken as a pre-arranged small percentage of your credit/debit card terminal takings.
Aimed specifically at business facing cashflow problems or those struggling to find finance through other conventional methods, if you have been trading for more than 60 days and are taking in excess of £3500 per month through your terminal then you could qualify for a Cashflow PLUS cash advance.
This is just one of the many solutions available from the clever people at Commercial PLUS.
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