"A business cash advance has many benefits, but is notably simpler, more flexible and faster than traditional options. In addition, the daily pay over integrates seamlessly with existing business processes, making it convenient", says David Lewis, CEO of Retail Capital.

Retail Capital has introduced an innovative new product, called a business cash advance, specifically for South African business owners of small to medium companies.

The product allows small business owners to leverage an asset that the banks do not even consider; their future debit and credit card turnover. Simply put, Retail Capital will buy an amount of future card turnover, for a discounted price paid immediately. An agreed percentage of the future debit and credit card transactions are then passed over to Retail Capital, until the total amount purchased is realised.

Each advance is tailored to the specific needs, capabilities and turnover of the business, with no personal financial surety required from business owners. As the pay over is based on turnover, it ebbs and flows with the business cycles, ensuring that pay over is more affordable than fixed credit instalments.

“A business cash advance is for business owners who accept credit and debit cards, who are looking for a way to improve or grow their existing business, but are unable to raise funding for this,” says David Lewis, CEO of Retail Capital.

In order to qualify for a business cash advance, businesses will need:

• To have been operating for at least 6 months
• A track record of debit and or credit card turnover
• Have an established business location

Applicants will be required to supply merchant information detailing card turnover and contractual agreement, recent bank statements and a copy of the mortgage/lease agreement. In addition, key references will be requested. Once these documents are received, applications can be processed and money dispersed within as little as two - three weeks.

Retail Capital offers small business owners the option to seize opportunities as they arise by facilitating access to quick and easy finance which helps to grow businesses to achieve greater longer-term success. Retail Capital is committed to facilitating business growth, through the provision of flexible and convenient funding solutions, based on joint success.

Telephone +27 (0)21 702 9800 Telephone(2) +27 (0)21 702 9811
E-mail enquiries@retailcapital.co.za
Address Block C, The Terraces, Steenberg Office Park, Tokai, 7945
Website www.retailcapital.co.za