A – H
See Merchant Cash Advance (MCA).
Funding for your business. You could apply for business funding for many reasons, all to do with running or expanding your business. We have a whole page dedicated to explaining business funding.
Capital is anything (usually funds) that enables your business to generate more financial assets.
Collateral is an asset (like your property or your car) that a funding provider might require as security for funding. Collateral minimises the risk for the funding provider and is a way of ensuring that an individual or business will fulfil its financial obligation.
(Psst! Retail Capital doesn’t require collateral in our funding application process.)
When we pay your approved funds into your bank account, we disburse those funds to you.
Flexible funding means that you can tailor your payment term to suit you and your business. Your repayments can fluctuate with your turnover, or you can choose to pay a fixed amount per day, week or month.
Basically, it’s funding on your terms.
I – P
Merchant cash advance (MCA) or Advance
This is a Retail Capital product that is a funding advance of future revenue your business will make. Essentially, we buy a portion of your business’s future revenue, so you can acquire capital immediately.
Q – Z
If you’ve already been funded by us and you are repaying those funds, and managing your account in a responsible manner, you can apply for a re-advance. This means you can get funded again based on your track record with us.
The daily, weekly or monthly payment that you make to settle your funding. For more information about how this works, go here.
Funding that is approved and disbursed without the funder regulating or restricting how you should use the funds. That means you can spend your funds on whatever your business needs.
Unsecured funding does not require security or collateral. Instead of relying on your assets, unsecured funding is approved based on your business’s data-driven creditworthiness and turnover history.