Ashley Commercial Finance is launching a new cash advance product for retailers, hotels, restaurants, pubs, garages and similar businesses.
The advance can be used for any purpose.
Ashley Commercial Finance is a subsidiary of Ultimate Finance Group Plc and provides invoice and retail finance for businesses with annual sales of up to £1.5 million.
The scheme will allow retailers to borrow against future credit/debit card sales. Following an application form, landlord and merchant card provider references, the money will be available in 72 hours.
Jonathan Cranston, its managing director, said: “The economic climate has made it increasingly difficult for SMEs to source their funding from the high street banks.