What we fund, and what we look at.
One kind of funding, sized on what the business banks. No menu, no products with names.
Just the one thing
Cash against takings, paid back out of takings. That is the whole product. Nobody here is going to steer you between an equipment deal and a stock deal, because there is only the one deal. We ask what it is for so the funder has the picture, and that is as far as it goes.
How big
It depends entirely on what comes through the account. Two shops on the same street can support very different numbers, and the statements sort that out in about ten minutes. So the useful question is not the ceiling, it is what your last quarter will hold up.
What gets looked at
- Twelve weeks of takings. Totals, how often, and whether it is holding up. Most of the answer lives here.
- Time in business. A quarter of banked trade is the minimum. More is better and usually cheaper.
- Anything you are already paying. What it is and what is left on it.
- A credit band. Background. It shapes the talk, it rarely ends it.
- Who signs. The registered business, and somebody allowed to sign for it.
What it costs, in four numbers
What you get, what you pay back in total, what each payment is, and how many there are. You get all four before anybody asks for a signature, and somebody reads them to you on the phone so nothing hinges on you opening an attachment.
When we have to say no
- Everything running through a personal account.
- Open too recently to have three months of takings behind it.
- Money that is really for the house rather than the business.
- Trades our funders are not allowed to touch. If that is you, we say so on the first call rather than sitting on it.
Once the money is in
Payments come off on the schedule you signed. If trade drops, ring us while the next payment is still ahead of you. There is room to sort something out before a miss and almost none after one. Clear the first advance properly and coming back is straightforward, because we already hold the record.