Card processing services company, Handepay, has teamed up with business cash advance provider Quick Capital to offer flexible funding to its portfolio of independent businesses who currently accept card payments in the UK.
A business cash advance offers an injection of between £1,000 and £300,000 and repayments are made by a % deduction from credit and debit card turnover, meaning that as turnover rises and falls, so do the repayments.
Providing an alternative to difficult to secure bank loans, funding through Quick Capital encourages investment in growth for small businesses, and, unlike small business loans, there is no need to prepare a complicated business plan and a decision is usually reached within 24 hours. What’s more, a business cash advance is also unsecured finance.
Handepay’s partnership with Quick Capital will allow it to expand on its current innovative range of card processing solutions, which include the latest high-tech card machines and e-commerce solutions.
Mark Latham, product and innovation director of Handepay, comments “Our partnership with Quick Capital fits entirely with our mission at Handepay to help independent businesses grow. Not only can we make accepting card payments more affordable, we can now offer a totally flexible and simple funding solution designed for real business needs.”
To find out more about Quick Capital visit: www.quickcapital.co.uk