GRID Finance provide finance solutions to the Business Sector.
As a partner of the Restaurants Association of Ireland and Retail Excellence of Ireland GRID Finance have many customers in those sectors who avail of their facilities to complement their existing financial arrangements and provide working capital solutions. GRID Finance have €30m in institutional funding for these sectors.
GRID Merchant Cash Advance Loan
This is a cash advance solution that works with the company’s credit/debit card machine.
It works with the natural trade cycle by facilitating flexible daily loan repayments thus having a low impact on cash flow.
It allows the business to access cash from €10,000 – €150,000, repayments are made daily as a small percentage of your future card sales. This can be increased where the need is greater and can be re-paid from a multiple of businesses.
In order to progress an application GRID Finance require the following:
1) Completed Business Financial Health Check
2) Last 6 Months Bank Statements for the business
3) Last 12 Months Merchant/Credit Card Statements for the business
4) Most recent Year End Financial Accounts (audited)
5) Most recent Management / Trading Accounts (P&L)
GRID Finance provide credit approval within 48 hours (Once all documents are received).
Cash can be advanced to customers within 2-3 working days thereafter.
Application process is simple, no business plan or cash flow projections required.
This is an ideal tool for existing business that need to inject liquid capital for the following:
- Working Capital
- Revenue/Insurance Payments
- New Franchise
Contact GRID Finance
+353 1 524 1615
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