You must be in business for at least a year. Your business accepts card payments via a card machine.

If you know your monthly card payment turnover, this will give you an estimate to the size of advance you could receive. Typically, you can get an advance that is equivalent to100% of your monthly card turnover e.g. a monthly card turnover of €10,000 will equal €10,000 advance.

Once your advance has been funded, the repayment process begins automatically. From this point on, whenever one of your customers pays you on card, a small percentage of that sale will go towards paying off your advance.
The flat percentage value is agreed before the point of funding and will stay the same regardless of the transaction value.
For example, if it’s 5%, it will be 5% of a €10 sale or a €1,000 sale. The repayment value flexes to the size of the transaction. This process will repeat until the advance is fully repaid.

A Cash Advance will typically take an average of 9 months to repay, but this may vary depending on the size of your advance and the frequency & value of card transactions being paid to your business.