We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Merchant Cash Advance (Business)
debsyh69
Posts: 1 Newbie
in Credit cards
Hiya! - I'm new on here and wondered whether anybody has had any experience with the Merchant Cash Advance scheme?
- you get an advance related to the average monthly amount you process and then for every £1000 you put through on the PDQ machine you pay between £200 and £300. (on top of the original loan amount)
Really not sure about this, but as a small business, the banks are being . . . bankers!
Thanks in advance
Debs
- you get an advance related to the average monthly amount you process and then for every £1000 you put through on the PDQ machine you pay between £200 and £300. (on top of the original loan amount)
Really not sure about this, but as a small business, the banks are being . . . bankers!
Thanks in advance
Debs
0
Comments
-
Have been wondering about this. Did you find anything out Debs?Ssshh - I might know about deals in/near Keswick0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.8K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards