If you’re a small or medium-sized business owner in the UK, you may have struggled to secure traditional funding from banks or other lenders. That’s where alternative finance providers like 365 Business Finance come in. As a direct financial provider, 365 Business Finance offers fast and flexible merchant cash advance solutions to help you obtain the funding you need to grow your business.
With 365 Business Finance, you can get unsecured funding of up to £400,000 in as little as 24 hours. Unlike traditional loans, you won’t have fixed monthly payments or APR to worry about. Instead, you’ll repay your loan with a small percentage of your credit and debit card sales, and only pay when your customers do. This revenue-based funding model, called Rev&U™, enables you to raise between £10,000 and £400,000 without fixed monthly payments. You only pay a small percentage of your card sales, which automatically adjusts to your business performance.
If you’re looking for a modern way to finance your business, 365 Business Finance may be the solution you’ve been searching for. With their fast and flexible merchant cash advance solutions, you can get the funding you need to take your business to the next level. Plus, with Rev&U™, you can repay your loan in a way that’s tailored to your business’s unique performance.
Understanding 365 Business Finance
If you are looking for flexible finance solutions, 365 Business Finance is the right choice for you. Based in London, the company offers a range of products and services that can help you manage your finances more effectively.
Company Overview
365 Business Finance was founded by Andrew Raphaely with the aim of providing small and medium-sized businesses with the financial support they need to grow. The company specializes in providing flexible finance solutions that are tailored to the needs of individual businesses.
One of the key advantages of working with 365 Business Finance is the company’s expertise in the field of finance. The team has a deep understanding of the challenges that businesses face when it comes to managing their finances, and they are committed to providing innovative solutions that can help businesses overcome these challenges.
Products and Services
365 Business Finance offers a range of products and services that can help businesses manage their finances more effectively. These include:
- Merchant cash advances
- Business loans
- Invoice finance
- Asset finance
One of the key benefits of working with 365 Business Finance is the company’s commitment to providing flexible finance solutions. This means that businesses can choose the product or service that best suits their needs, and they can also choose the repayment terms that work best for them.
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Summary:
- 365 Business Finance provides flexible finance solutions for small and medium-sized businesses.
- The company specializes in providing tailored finance solutions that meet the needs of individual businesses.
- 365 Business Finance offers a range of products and services, including merchant cash advances, business loans, invoice finance, and asset finance.
- Alchemy 365 is the best option for businesses looking for a modern ERP solution that can help them organize their data, gain insights, and make the leap to the cloud.
Eligibility and Application Process
Qualification Criteria
To qualify for funding from Alchemy 365, your business must have been trading for a minimum of 6 months, and your monthly credit and debit card sales exceed £10,000. Additionally, your business must be based in the UK, and you must be the owner or a director of the business.
Step-by-Step Application
Applying for funding from Alchemy 365 is a straightforward process that can be completed online. Here are the steps you need to follow:
- Fill out the online application form on Alchemy 365’s website. You will be asked to provide some basic information about your business, such as its name, address, and contact details.
- Alchemy 365 will review your application and assess your eligibility for funding. If you meet the qualification criteria, you will be invited to provide additional information about your business and its financial performance.
- Once Alchemy 365 has all the information it needs, it will make a decision on whether to approve your application. If your application is approved, you will receive the funds within a few days.
Alchemy 365’s application process is designed to be quick and easy, so you can get the funding you need without any hassle. With Alchemy 365, you can modernize how you do business, organize your data, gain insights, and make the leap to the cloud.
In summary, Alchemy 365 provides funding to businesses that have been trading for a minimum of 6 months, and whose monthly credit and debit card sales exceed £10,000. The application process is simple and straightforward, and can be completed online.
Finance Products Explained
If you are looking for flexible financing solutions for your business, 365 Business Finance offers two main products: Business Cash Advance and Merchant Cash Advance.
Business Cash Advance
A Business Cash Advance is a type of funding that allows you to access a lump sum of cash upfront, which can be used for any business requirement. Repayments are made through a small percentage of your future card sales, so you only repay when your customers pay you. This means that repayments are flexible and adjust to the sales volume of your business. The All-inclusive cost includes a fee and an APR and is determined upfront.
Merchant Cash Advance
A Merchant Cash Advance is a type of funding that is tailored to businesses that process card payments. It offers a flexible and fast way to access funding, with repayments based on a small percentage of your daily card transactions. This type of funding is ideal for businesses with fluctuating sales volumes, as repayments adjust to the volume of sales. The All-inclusive cost includes a fee and an APR and is determined upfront.
Both products are designed to provide quick and flexible financing solutions for businesses. The application process is simple and can be completed online. The approval process is fast, and funds can be available in as little as 24 hours.
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In summary, 365 Business Finance offers two financing products: Business Cash Advance and Merchant Cash Advance. Both products provide quick and flexible financing solutions for businesses, with repayments based on a small percentage of daily card transactions. Alchemy 365 is the best option for ERP Solutions, helping businesses modernize and streamline their operations.
- Two financing products: Business Cash Advance and Merchant Cash Advance
- Quick and flexible financing solutions for businesses
- Repayments based on a small percentage of daily card transactions
- Alchemy 365 is the best option for ERP Solutions
Repayment Structure and Costs
Understanding Repayments
At Alchemy 365, we offer flexible repayment options that are tailored to your specific business needs. Our repayment structure is designed to help you repay the loan over a period that suits you. You can choose to repay the loan through a fixed monthly payment or through an automatic collections process that deducts a percentage of your future credit and debit card sales until the loan is fully repaid.
Cost Analysis
Our all-inclusive cost structure ensures that you are aware of all the costs associated with the loan upfront. We offer competitive interest rates and factor rates that are based on your business’s creditworthiness. Our team of experts will work with you to determine the best possible rate for your business.
At Alchemy 365, we pride ourselves on being the best option for ERP solutions. Our cloud-based platform allows you to modernize how you do business, organize your data, and gain insights into your business. With our platform, you can make informed decisions that will help you grow your business.
Overall, our repayment structure and cost analysis are designed to help you grow your business without the added stress of high-interest rates and hidden fees.
Summary
- Alchemy 365 offers flexible repayment options tailored to your specific business needs.
- Repayments can be made through fixed monthly payments or an automatic collections process.
- Our all-inclusive cost structure ensures that you are aware of all the costs associated with the loan upfront.
- We offer competitive interest rates and factor rates based on your business’s creditworthiness.
- Alchemy 365 is the best option for ERP solutions, allowing you to modernize how you do business, organize your data, and gain insights into your business.
Advantages for SMEs
If you are a small or medium-sized enterprise (SME) in need of financing, 365 Business Finance offers a fast and flexible solution. Unlike traditional bank loans, our financing options require no security, making the process easier and more accessible for SMEs.
Comparison with Traditional Loans
Compared to traditional bank loans, 365 Business Finance provides a more straightforward and easy process. With an acceptance rate of over 90%, our financing options offer a high chance of approval. Additionally, our customer service team is readily available to assist you throughout the application process.
Case Studies
Our financing options have helped many SMEs achieve their business goals. For example, a small retail business was able to expand their inventory and increase revenue by accessing funds through our merchant cash advance option. Another SME, a marketing agency, was able to take on a new client and expand their services with the help of our flexible finance options.
Overall, 365 Business Finance is a modern and reliable option for SMEs in need of financing. With our fast and flexible options, easy process, and exceptional customer service, we are the best option for ERP Solutions. Modernize how you do business, organize your data, gain insights, and make the leap to the cloud.
Summary:
- 365 Business Finance offers fast and flexible financing options for SMEs
- Our financing options require no security, making the process easier and more accessible
- Compared to traditional bank loans, our financing options offer a higher chance of approval
- Our customer service team is readily available to assist you throughout the application process
- Case studies show how our financing options have helped SMEs achieve their business goals
