A Merchant Cash Advance is a flexible financing option that frees up your businesses’ future income and provides funding today. What does that mean exactly? With an advance, the business receives a lump sum which is repaid daily using a percentage of their credit and debit card sales.
The latest Linked Finance SME Confidence Index includes a focus on the difficult faced by SMEs in accessing credit, in light of the recent changes in the financial landscape in Ireland. Overall, there were positive indicators from the Index. The optimism score amongst Irish SMEs was 67.9 (up from 49.5 a year ago), close to the all-time high of 69.1 in Q3 2018.
Open Banking was introduced as part of the Payment Services Directive 2 (PSD2). But what does it mean for businesses applying for loans? Leveraging Open Banking capabilities, Linked Finance now delivers an application process that is faster and easier than ever before.