Small business owners operating on platforms such as eBay can access revenue-based repayment loans of between GBP 1,000 to GBP 50,000 when trying to source a loan product on FundingXchange’s online marketplace.
iwoca will calculate the monthly repayments based on the business’ revenues and take a pre-agreed portion of that revenue to repay the loan. The cash advance product will enable SMEs to choose a loan repayment profile that mirrors their trading ups and downs, allowing for flexibility during interruptions in operation or seasonal dips.
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