Retail Capital focuses on providing alternative lending solutions for small and medium sized businesses. To qualify for financing your business must have been operational for at least six months, and you need to meet their turnover criteria. The financial instruments they offer are Cash Advance.
Funds are made available within 48 hours once your application is approved and funding amounts are tailored to each business’ requirements. Retail Capital offers flexible payment options – you can opt for a fixed amount or a percentage of your turnover.
Retail Capital is well suited for businesses in a range of sectors, including, restaurant, retail, wellness and medical industries.
Retail Capital is also known for the free insights and tools they provide business owners, including industry insights and access to other SME services through their partner networks.
Repayment premiums are based on turnover, the duration of the loan and how often you want to make payments. Payment options are flexible – from daily, weekly to monthly payments.
For the Asset Finance, you can choose the financing period; you can get tax benefits including, either claim the interest and depreciation allowances or the rental expense over the term of the agreement.
Business owners can opt to settle early and get a discount on their fee balance.
Flexible repayment options. They also offer a discount to the balance of your fees pro-rata when you settle early. There are tax benefits when you take out an asset finance loan.
There is no financing calculator on the website, you need to register online or book an appointment to get a quote.
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