Since 2001, Boost Capital has been aiding small and medium businesses in accessing funds and enhancing their place in the UK economy. The company operates in the UK, U.S. and Canada with over 274 employees.
For over 16 years, Boost Capital business loans have funded more than 20,000 businesses to a tune of over £1.2 billion. The lender offers growing businesses the quick finances they need to get their investments on track in all industries within the UK such as florists, hotels, retails, and medical institutions to restaurants and much more.
Boost Capital provides business financing of between £3,000 and £500,000 for firms that need finances fast. A short process of the application completed online is all that is required, and approval is done within 24 hours. In two business days, the amount is transferred to the provided business account. To ensure the process is simple and fast, only a filled application form, recent business bank statements of the last 90 days and identification proof are needed. No collateral is required while applying for a business loan or a perfect and unblemished credit score considering the overall performance and health of your enterprise is what matters. Early repayments do not attract penalties.
Boost Capital offers both merchant cash advances and small business loans. Small business loans are approved mainly on the performance of the business, its health and trading history with loans ranging between £3,000 and £500,000. You can then choose to use the funds any way you want on your business.
Merchant cash advances from Boost Capital uniquely offers total flexibility in contrast to typical bank loans out there. A merchant cash advance does not attract repayment deadlines or hidden fees and the only time you repay is when payment is received on the card. It is perfectly tailored for those small businesses that experience fluctuations in cash flow time to time. The cash advance ranges between £3,000 and £500,000.
Your business should have been operating for at least two years with monthly minimum card sales of not below £3,000. The business should also have maintained a monthly turnover of £6,000 and above. From the card, a small percentage will be subtracted as repayment of the loan.