Despite Alistair Darling urging bank bosses to lend money to small businesses, a quarter of small businesses are still struggling to access alternative finance. United Kapital has launched a revolutionary way for business to receive £2,000 – £150,000 in working capital today - by getting a lump sum cash advance on their future credit and debit card sales they receive from their customers.
With over 900,000 businesses outlets accepting credit and debit cards (Source: Payments Council 2009) as a method of payment from their customers, this alternative method of funding is a flexible option for most business owners in the UK.
The United Kapital working capital programme works when a business owner sells a predetermined amount of their future credit and debit cards sales at a discount in exchange for cash today. This new alternative financing programme typically will provide funds equal to one month’s turnover of their future credit card and debit card sales. The money is funded to the merchant’s bank account typically within 10 days from approval for them to invest however they choose.
The United Kapital working capital advance is repaid by taking a small percentage of every future credit or debit card transaction until the advance is paid off. The repayments are flexible as we only get paid when the business gets paid. There is no fixed time period, no personal assets to leverage and no monthly cheques to write.
“It has been an uphill struggle for small businesses in the UK since the recession started with credit lines being severed with little or no notice period, we need business owners to know that there is an affordable and flexible solution that works alongside their business activity. The application process is easy and the advance is unsecured meaning that business owners are not having to put their business or personal assets at risk to receive working capital,” Tony Pegg Managing Director United Kapital.
An advance against future credit / debit card sales has helped businesses expand and improve their bottom line. Now available in the UK, this product is proving to be popular with retail and SME industries. UK Businesses can apply online at http://www.unitedkapital.co.uk to learn how much working capital they qualify for.
