You could qualify for unsecured...

Instant Working Capital™

finance of £2,000 to £500,000

 

This won't affect your credit score

Lightning quick finance – for all credit types

Apply for a Business loan, Merchant Cash Advance and/or Invoice Finance via one simple application with Bank Funds Instant Working Capital™

With alternative finance your business can get approved for finance needed to help you advance. With finance based on your ability to pay and not just your credit score. With a multitude of options available from Merchant Cash Advances to invoice finance, to your standard alternative business loan – Bank Funds has the right finance option for your business.

Finally! Finance tailored to your needs

Which option best describes your business?

“My businesses turnover comes mostly via…”

Secure funding your business needs

Alternative business loans are perfect for businesses who are often overlooked by more traditional lenders. Alternative business loans can be used to invest in your business from new premises, refurbishments, or to assist with cash flow.

Not dependant on credit
Applicants with poor/bad can still be considered as alternative finance gives more businesses access to finance.
Innovative repayments
Rather than a flat rate business loan and standard repayment structures, you will often find that many alternative loans offer unique lending mechanisms that are versatile to the needs of your business.
Fast & easy application
Our application is quick and simple. If approved, you’ll receive the funds directly into your PayPal account within minutes.
Availability of funds
Getting business funding can prove difficult at times with banks routinely rejecting applications. Alternative business loans are giving UK business owners a viable alternative to sourcing finance.

Raise £2,000 to £500,000 of working capital
to advance your business

Secure funding via your business’ card terminal

Raise the finance your business needs using your existing card payment terminals. Repayments are automatically deducted from your card takings when you make sales. With the amount taken agreed upfront and based on the repayment percentage you agree to when you apply.

Quick online approvals
Our application is quick and simple. If approved, you’ll receive the funds directly into your PayPal account within minutes.
Flexible repayments
Have a slow month? Then you’ll repay less, as your repayments mirror your businesses daily card takings.
Works even with poor credit history
Applicants with poor/bad can still be considered as alternative finance gives more businesses access to finance.
Unrestricted use of funds
Use your Instant Working Capital for any business purpose, from buying stock, equipment or inventory, new ad campaigns and much more.

Raise £3,500 to £500,000 of working capital against your card sales

Secure funding via your business’ invoices

Raise the finance your business needs by unleashing the power of your invoices. Improve your businesses cash flow without waiting the full 30 days (or longer) for your invoice(s) to be paid. With Bank Funds you can receive a significant portion of the cash you are owed without waiting for your customers to pay, and get back to doing what you do best – running your business.

Quick online approvals
Our application is quick and simple. If approved, you’ll receive the funds directly into your PayPal account within minutes.
One or multiple invoices
Sell one or multiple invoices – allowing you to free up more potential cashflow to run your business.
Release up to 95% of invoice value
You may be advanced up to 95% of the invoice value when once approved. The balance, minus any fees, will then become due once your customer pays.
Unrestricted use of funds
Use your Instant Working Capital for any business purpose, from buying stock, equipment or inventory, new ad campaigns and much more.

Raise £2,000 to £500,000 of working capital against your unpaid invoices

Getting Approved

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Who is eligible?

From the tiny to the large, Bank Funds can help a wide range of businesses and business types get funded. Typically with the Working Capital Advance you’ll need to have been trading at least 4 months, so newer businesses can still be eligible. You’ll also need to be processing £3,500+ a month via cards on average to be eligible.

How much finance could I raise?

As a short/medium term form of finance you can typically be approved for up to 150% of your average monthly card takings. So say you take an average of £7,500 per month, you could receive an injection of £11,250.

How much will it cost?

As an alternative form of finance, the working capital advance or merchant cash advance will utilise a factor rate rather than a typical APR. However you can calculate the APR from the factor rate using our handy calculator. Bank Funds work with lenders with a typical representative APR ranging from 5% to 70%. The amount you’re charged will ultimately depend on your businesses performance and credit. Check your eligibility online today to see how much funding you could receive.

Frequently asked questions

It’s simple, really; the more you earn, the more you pay back. If you have a super busy Christmas period, you might end up paying a lot of the loan back during this time. In contrast, a quiet period would see you paying less. This means you don’t have to worry as much about whether you’ve got enough to cover the repayments should you come into a quiet spell or experience difficulties out of your control. The repayments on business cash advance loans are proportional and are made as a percentage of your business revenue each month.

There are a multitude of benefits to this source of funding. Namely the seamless nature of the repayments as repayments are ‘taken at source’, the repayments are also only taken when you take money making the funding highly flexible, resulting in lower repayments during quieter times. It can often be difficult to secure finance as a small or medium sized business, however with a WCA or MCA your credit won’t be the sole deciding factor.

These are typically short/medium term forms of finance and thus terms range generally from 9 months to 2 years.

Ready for funding?

Bank Funds is a service tailor made for you, we focus 100% on the needs of UK small businesses. We’re here to work with you as your funding specialist to help you drive your business forward. Get approved for £3,500 to £500,000 within 90 seconds