Recent deal: Loan success with imperfect accounts

BusinessLoans.ie helped a long-established eCommerce business who required working capital to get past a rough patch. It left their accounts showing a loss and they were finding it difficult to get support from their bank. When we reviewed the information an angle was identified because they had healthy turnover on their merchant account and they were coming in to a busier time of year. A specialist merchant cash advance lender was able to quickly give indicative figures for their desired amount and within days the funds were in their account. The client was happy and they have comfort that the lender indicated they would be willing to support them again as cash flow improves in the coming months.

Does your business need working capital, funds to expand, renovations or for anything else? Call the BusinessLoans.ie team today on 01 55 636 55 or email at hello@businessloans.ie.

Business Loans for Reopening Retail Businesses in Ireland

There are a number of loan options on the market for businesses that are reopening after lockdowns. You can potentially get loan quotes from pillar banks or alternative business lenders under the Credit Guarantee Scheme for working capital, stock or other needs. But what if your business accounts and bank statements are now imperfect after all these lockdowns and you don’t qualify? The good news is there are business finance options if you’re currently transacting on your card machine.

BENEFITS FOR YOUR BUSINESS

  • Fast decision based on your volume of sales by card

  • Easy application process

  • Flexible repayments that work with your cash flow

KEY CRITERIA TO ACCESS FUNDING

  • Your business is transacting from €4000 a month by card

  • You have at least 6 months merchant statement history

  • Your business passes the credit check

If you’re in retail or any shop, hairdresser, barber, hardware store or takeaway restaurant talk to us about organising a finance quote today. Even if the bank has said no and you don’t feel confident, we can often assist. So long as you’re currently trading, the partner credit team are understanding & can even top up your facility as your cash flow improves. We’re here for you 7 days on 01 55 636 55 or email us on hello@businessloans.ie.