Business Loans for Opticians & Optometrist Practices
Get £3k to £300k in 24 hours*
- Payback through future card sales
- Unsecured – there’s no worry
- Same day business funding
Quick Decision with No Obligation
Get £3k to £300k in 24 hours*
Quick Decision with No Obligation
Our Optician business loan is the ideal funding solution for your opticians business. In a nutshell, the loan is an advance of cash that is based on your monthly credit and debit card sales. It is called a merchant cash advance, and unlike traditional business loans, there is no APR. It’s unsecured, and repayments are only made when you make a sale through your card machine. This finance product has proved to be a very flexible funding solution for many opticians throughout the UK.
Unlock funding from £3,000 up to £300,000 against your customer card sales.
Automatically repay a small percentage when customers purchase by card – There are no fixed payments.
The advance is unsecured, so your business assets are safe.
A quick decision and process mean you can access your money in just 24 hours* after approval.
The cost of finance is made clear to you upfront. There are no hidden costs, confusing APR’s or other nasty charges.
Apply at any time - We can process your application 24 hours a day.
Quick Decision with No Obligation
As an optician, you know a little something about sight. But seeing into the future of your business is an entirely different story. According to the Association of Optometrists, the UK has over 14,000 optometrists and more than 6000 dispensing opticians. With these figures in your sights, it's more important than ever before to ring-fence your customers and be the number one business on the high street. Our funding can help you achieve this and help you grow and sustain your practice, helping you to establish a long-term, loyal customer base.
How does it work?
Let's say, for example, your business has a turnover of £20,000 per month through your credit card merchant machine. These are the sales where a customer pays you with their debit or credit card. You, therefore, could qualify for a business cash advance of £20,000.
The borrowing is repaid in a unique way. Each time you make a sale and the customer pays by credit card, a small percentage of that sale is automatically repaid to the lender. This process is repeated daily until the advance is paid off.
You will know the cost of the advance upfront, this will not change, and there are no hidden costs and no surprises at the end of the month.
The funding can be used to invest in the latest Ophthalmology equipment such as Retinal Imaging/Digital Retinal Cameras, Diagnostic Imaging Equipment, Ophthalmic Cameras, Ultrasound, Refractor Keratometers and other technology. Maybe you need to renovate your premises and refurbish, expand by extending or even buying other premises. Or invest in new staff, online marketing such as an e-commerce website and more. In fact, this type of business funding can be used for any business purpose within your opticians business - even if you just need some extra help with cashflow or bills.
The application process is online and only takes minutes to complete; from there, you can see if you are eligible. If you are interested in expanding your opticians, then look no further, pun intended!
Apply NowQuick Decision with No Obligation
Don't worry if you or your opticians business has a bad credit score. A cash advance is a loan product that is still accessible to you.
No, unlike a bank loan, you don't need a business plan to qualify for a merchant cash advance for you optical business.
Firstly, the application only takes a minute to get a quote. From there, you will need to provide the lender with three months card statements (so have these to hand). If they receive what they need on the same day to make a decision, you can receive funds in your account in as little as 24 hours*. In general, however, it's realistic to allow 2-3 days.
Literally, any business purpose. From refurbishments, new ophthalmic equipment, marketing, more staff, bills, eyewear stock or just straightforward cash flow purposes.
You can sometimes find that buying ophthalmic equipment gives you the freedom to negotiate a better price with your suppliers. Leasing may cost you more in the long term. You may also be looking at second-hand equipment where a cash purchase may be favourable.
With having cash to hand, you can buy eyewear from the wholesalers and lab suppliers, including spectacles and sunglasses and other optical surfaces. Pay your lab suppliers and more.
Quick Decision with No Obligation
"We have helped many opticians across the UK receive funding to grow"
£20+ Million
Total Funded to Businesses
90%
Application Approval Rate
The process is fast, simple and straightforward. It's hassle-free, meaning there's no complicated paperwork to complete so you can focus on growing your business.
Apply online for a cash advance from £3,000 up to £300,000 for any business purpose.
The merchant cash advance can be with you in as little as 24 hours* after approval.
You simply pay back a small percentage of your future card sales as they happen. You only repay when you sell.
Quick Decision with No Obligation
