What is a revenue advance?
A revenue advance is a type of revenue-based finance that is directly linked to your company's income. It provides you with a fast and flexible business loan that you repay based on an agreed percentage of future sales revenue.
How does a revenue advance work?
A revenue advance works like a flexible business loan, but instead of repaying fixed instalments over an agreed term, you repay based on the future revenue your business generates.
- No fixed repayment schedule
- Repayments work in line with your income
- Repay a percentage of future revenue until the advance is repaid in full
How much can I borrow?
The amount your business will be able to borrow will be based on your revenue. Typically, revenue advance lenders will calculate between one and two times your average monthly revenue as a rule of thumb.
For example, if your monthly revenue is £10,000, you could borrow up to £10,000 or more based on affordability.
What can I use a revenue advance for?
The funds can be used for anything your business requires. For example, you could use a revenue advance for:
- Cash flow
- Marketing budget
- Paying tax bills and more
Apply for a revenue advance
Contact us today to discuss which product works for you. We offer revenue based financing in the form of a merchant cash advance, whereby card sales are only taken into account. So, if you have a PDQ terminal, perhaps you can look at our merchant cash advance product.
Apply today and receive fast approval and even faster funds – usually within seven days!
