How you repay
A percentage of each card sale goes towards the advance, so you repay more when you are busy and less when you are quiet.
Cash advance
Merchant cash advance for UK businesses
A merchant cash advance is funding repaid from a share of your card takings rather than a fixed monthly sum. We set the terms out in full before you apply, and your agreement sits in your portal with every other service.
- Repaid from a share of card takings
- Terms set out in full before you apply
- One contact for funding and everything else
Cash advance · Your businessIllustration only
RepaymentShare of card takings
FunderProvider G
TermsSet out before you apply
Offer under reviewIn progress
What we check
Six things to know before you apply.
A cash advance works differently from a loan. These are the points we go through with you first.
The total cost
The British Business Bank warns that the fees can make it more costly than other funding, so we show the full cost before you apply.
Your card takings
Funding is based on your card sales, so we look at your recent card machine statements.
How long you have traded
Funders look at how long you have been trading and taking card payments.
Your card machine
The advance is repaid through your card payments, so it works alongside your card machine.
The terms in writing
Every fee and condition set out in full before you decide.
How we show it
The full cost, before you apply.
Offers are set out side by side with the fee, the total to repay and the share of card takings, so you can compare like for like.
- Total to repay stated once
- Share of card takings shown for each offer
- Every condition in writing before you decide
Cash advance · Funding offersIllustration only| Illustrative example | Offer A | Offer B |
|---|---|---|
| Advance | £40,000.00 | £40,000.00 |
| Funder’s fee | £10,000.00 | £7,200.00 |
| Share of card takings | 14% | 13% |
| Average repayment a month | £5,600.00 | £5,200.00 |
| Expected term | About 9 months | About 9 months |
| Total to repay | £50,000.00 | £47,200.00 |
Difference in total to repay £2,800.00Based on £40,000 a month in card takings. For illustration only, not an offer of finance. The funder sets the final amount, fee and percentage.
How it works
Four steps, one contact.
- Step 1
Send your statements
Your recent card machine statements and some basic details about your business.
- Step 2
We check the fit
How a share of your card takings would repay the advance.
- Step 3
We set out the terms
The full cost and every condition, before you apply.
- Step 4
You decide
If you go ahead, your agreement goes into your portal.
How much could your business get?
Move the slider to your average monthly card takings to see an indicative amount. Then see how you could repay it.
You could be eligible for up to£40,000
See how you would repay it
Repayments are a fixed percentage of your daily card sales, set so the advance is repaid in about 9 months.
- Average daily card sales
- £658
- Percentage of daily sales taken
- 22.3%
- Average daily repayment
- £147
- Repaid in
- about 9 months
Illustration only, not an offer of finance. You could be eligible for up to 2 times your average monthly card takings (most offers are around 1.5 times), from £10,000 up to £500,000. The repayment percentage is set so the advance is repaid in about 9 months at your average card sales: if sales are lower it takes a little longer, if they are higher it finishes sooner. These figures cover the advance only. The funder’s fee is added to what you repay, so the actual percentage will be higher. The funding provider sets the final amount, fee and percentage.
Who we help
Cash advance by type of business.
What matters differs from one business to the next. See what we look at for yours, or browse all business types.
One of eight
Cash advance is just the start.
Bring your electricity, gas, water, waste, telecoms, card machines and insurance into the same portal, with the same contact. One place for every contract saves you time.
Apply
Apply for a cash advance.
Have your last 6 months of merchant statements to hand. We will come back to you with your options.
Prefer to talk? Call 020 4628 5727.
Questions
Cash advance, answered.
What is a merchant cash advance?
Funding repaid from a percentage of your card sales. The British Business Bank says a typical deduction can be around 10% of each card sale. Source: British Business Bank.
Is it more expensive than a loan?
It can be. The British Business Bank warns that the fees can make it more costly than other funding, so we set the terms out in full before you apply.
What do I need to send you?
Your recent card machine statements and some basic details about your business.
Who provides the funding?
Helios acts as the broker. The funding and its terms come from the funder, subject to their own checks.
Bring your funding into one place.
Send us your recent card machine statements and we will set out how a cash advance would work for you. Add your other services whenever you are ready.
