Small Business Finance

1. The level of funding you could receive is dependent on your average card turnover. Typically, you could receive an advance of up to 2 x your average card turnover, so if you take £10,000 per month on cards you could be eligible for an advance of up to £20,000 in total.

2. Your advance is automatically repaid from your card revenue. When your customer pays by card either via your card machine or e-commerce site, a small fixed percentage of that transaction is used to repay the advance. This percentage is agreed when you sign up and will stay the same regardless of the transaction value, so you’ll always repay proportionately with your cash flow. This process will continue until the advance is fully repaid.

3. Clear Business is not the provider of these cash advances. Any cash advances are provided by TRIVER Limited or one of its group companies, who are separate from the Clear Business group of companies. Acceptance and funding amounts are subject to the creation of a facility account with TRIVER Limited and the approval of the relevant invoices. Clear Business will receive a commission if you are approved by TRIVER Limited this commission is based on a percentage of your facility amount, and the fees you pay to TRIVER.

4. Maximum facility limit is £400,000. The facility that may be available to you is calculated by TRIVER based on your turnover and the results of a credit assessment performed by TRIVER. You can advance from £100 to £100,000 for each submitted invoice (partial advances are available). The remaining term of the invoice at submissions can be between 10 to 120 days.

5. 0.06% daily fee is illustrative and may vary. TRIVER charges a daily fee for each invoice based on the amount advanced which is transparently communicated at account opening and at each invoice submission. TRIVER fees are subject to change and may vary based on creditworthiness and market conditions. Charges will apply for late repayment.