Businesses across the UK, particularly the Small and Medium Enterprises (SMEs) looking to expand their operation have nothing to worry about. Merchant Money is a lending institution with a difference providing short-term and unsecured loans to businesses. The entity has competitive prices and flexible terms but still offers premium services, unlike other banks. Many businesses are looking for the Alternative business finance solutions. The following are what makes Merchant Money different from other lending institutions:
Approval process within a day
If you need a short-term loan for your business, just come to Merchant Money, and they will give you the provisional answer within twenty minutes. The final approval process will last for only 24 hours. After this simple procedure, they money requested will hit your bank account in two hours immediately.
Flexible terms of loan
Merchant Money offers the most flexible loan terms you can ever find on the market. They provide a period ranging from one to twenty-four months for repayment of advances or unsecured loans of up to £50,000. The lending institution has a provision to agree with you on the loan terms, customized to your ability to repay quickly as well as to your credit profile. If you have concerns about short-term cash flow, Merchant Money provides you with an “interest only” introductory period.
Lack of early settlement fee
Should you opt to repay your loan earlier than stipulated in the agreement; the institution will not charge you any penalties or fees. You are free to pay more money into your account, but the bank will only deduct the interest in addition to the amount of the outstanding loan. It is advantageous for SMEs who are still struggling with cash flows because there are no extra costs.
Focus on business growth
The business finance provider is more of an investor than a lender because it collaborates with your business to oversee its growth from SME to a major business. For this reason, Merchant Money funds you to hire new talent, expand production, and to obtain stock at a discount with the ultimate goal of seeing you growing.
The lending institution has combined copyrighted high-tech risk evaluation with high-touch personal assessment technology to predict the success of your business efficiently and quickly. It enables them to understand the strength of your business instantly.
Merchant Money has an online application platform that is straightforward and automated to allow you apply in minutes as well as enabling the making of quick decisions. The web policy makes it possible for immediate transfer of payment after approval.
There is no need to pay any application or obligations charges. Just give some details about your business, and the Merchant Money will work on transferring the funds into your account.