As well as following strict industry guidelines and thorough accreditation, Cashflow Advance is committed to offering funding in a responsible way. This is the only right thing for us to do for our valued customers.
We aim to be as transparent as possible giving you the correct and relevant information to make an informed choice, provided both in hard-copy as well as email / phone communication.
The Merchant Cash Advance industry is not currently regulated, although we take our responsibilities as a finance provider very seriously.
Providing funding the right way
The process of providing a Cashflow Advance does include thorough due-diligence, we ensure that any form of funding is right for you and your business. We need to make sure that repayments are realistic for you and with us in mind. It is important that you are still in control of your finances and don’t commit to something that isn’t right for you.
We discuss your business, in depth, to understand how you operate and will attempt to be as flexible as possible to your needs. We use many ways to identify and ensure an overall assessment of your business and application.
We will carry out both company and consumer credit bureau searches, which will leave a record of the search on both credit files however neither credit score will be impacted. With your consent, we may also contact trade references.
We will make sure that communication is clear and understandable and will be written in plain English.
If you experience problems and are unable to pay back your cash advance, we ask that you speak to us every step of the way. Our aim would always be to work with you and try everything possible to agree a manageable pay back method. We don’t want to penalise companies, we would rather work with them.
On the occasions that we refuse a cash advance it will not be done lightly. Our decision would be of mutual benefit and more importantly to protect you. In every eventuality we will explain why we cannot help and will keep you informed.
Act responsibly - your part
Helping businesses with Cashflow Advances is what we do, it provides for businesses to grow and create great things. Whilst we will act responsibly and be transparent we would expect the same in return.
Before you commit to funding:
- Can you afford the repayments?
- Do you have a contingency plan for future financial problems?
- Do you know anything that would affect your ability to repay?
Think about this before proceeding as we want to know that you have considered all eventualities and how borrowing money of any kind impacts you and your business. Always bear in mind the potential risks and the long term damage it might cause to your financial health.