Frequently Asked Questions
How much can we raise?
We can finance from £1,000 to £500,000 with flexible repayment terms of up to 7 years
How long does it take?
Once you have applied and provided any required documentation, we aim to make a decision within two working days
Do I qualify?
Typically requirements to be a eligible are:
Limited Companies in business for at least 12 months
Average monthly revenue of at least £3,000
UK based majority owner
How much will it cost?
Our Business Cash Advance comes without an APR as we believe in being upfront with the costs and want to provide certainty for our customers. It comes at the one fixed cost, with no penalties or additional fees.
Are there any fees?
Each Business Cash Advance is priced individually with a fixed cost of of credit and a tailor made repayment plan designed to suit your business's cashflows. There are no fees to apply. If you cannot make a payment on time, as long as this is pre-agreed, we will not charge any late fees.
How do I pay back?
What is a Business Cash Advance?
Adelpha provides small business finance in the form of a Business Cash Advance, a simple fixed cost financing solution based on future business revenue. It, enables you to access between £1,000 and £40,000, which you only repay on a flexible pre-agreed payment schedule. Find out more.
How much could I get?
With the Busines Cash Advance solution, we can provide you with anything between £1,000 and £40,000. The amount depends on a number of factors including your average monthly revenue and how long you have been in business. Typically we will advance up to 150% of your average monthly revenue - so if your monthly average revenue is £10,000 per month, you may qualify an advance of up to £15,000 - although we can be flexible on this amount. Start here to get a quote.
Do we need to pay anything upfront?
No, there are no costs to apply for a Business Cash Advance
What credit checks do you perform?
We will use a number of different sources of information to help us understand your business. With your permission we check the your company and consumer credit information through the main UK Credit Reference Agencies. Our search is recorded as a 'soft footprint', so it does not have an adverse impact on your credit score. However, a record of this search will be visible on both credit files to other finance providers.
Do you take any security or collateral?
A Business Cash Advance is an unsecured way of accessing finance. In most cases, we require a Personal Guarantees, but this should not be a problem given we deal with small businesses in which the owners have a personal stake and believe in their future success.
Can I repay early?
Yes! The fixed, upfront cost of finance will still apply when repaying but there will be no additional fees.
Can I refer a friend?
Most definitely! Introduce a friend to Adelpha and we'll reward you and your friend with £200 when they take out a Business Cash Advance. Head to our Referral page for more information and to begin a referral.
What if I cannot make a payment?
We are a responsible funder at all times, and provide loans only to businesses deemed able to repay. However, we recognise that sometimes our customers find their situation changes or they are struggling to repay. In such circumstances, the most important thing is to speak to your account manager on 02071128123 who will work with you to find a way forward.
Can you provide funding if my credit history is less than perfect?
Yes. We consider each application on an individual basis and assess if a Business Cash Advance is right for your business based on its individual circumstances and outlook - not just your credit history. We are committed to acting responsibly, so we urge you to think carefully about financial products for your business and seek appropriate advice when making decisions.
I already have business funding through Adelpha, can I apply for more?
Yes, we will consider more funding provided you have met your payments on time and your business continues to perform. As we already have your details, it is an even simpler and shorter process. You may need to provide updated bank statement or other documents before we fund more. Contact your account manager to discuss your further funding needs.
What is a personal guarantee and how does it work?
You should take legal advice if you have any concerns or questions about the terms of your personal guarantee. The guarantee is a promise to pay all your company's liabilities to Adelpha up to the value of the funding provided, meaning that if your company misses a payment, the guarantor may be required to repay the company's funding in full. Given we deal with small businesses in which the owners have a personal stake and believe in their success, providing a personal guarantee should not be a problem.
Do you partner with brokers and other introducers?
Yes. We offer competitive commission fees. Brokers find it easy to work with Adelpha. We are committed to growing our network of brokers and are open to forming a relationship with new business introducers. Please contact us on email@example.com or 02071128123 to find out more about Adelpha's broker referral scheme.
How long can we borrow for?
Adelpha's Business Cash Advance is designed for enterprises needing money in the short term to fund expansion plans or one-off business expenses. The minimum terms is 3 months and maximum terms is 12 months. Funding is repaid by installment over the term with the repayment scheduled pre-agreed based on your business cashflows.
What can I spend the money on?
You can use the Business Cash Advance for any of business needs, whether it's purchasing stock or equipment, refurbishment or repairs, or simply bridging a dip in cashflows.
What documents do I need to apply?
Aside from identity documents, the only other documents we require are 6 months' of bank statements. We will ask you to upload after you have submitted the online application.
What if I have a complaint?
We aspire to provide excellent customer service, but we also appreciate that sometimes things go wrong. We have a process in place to appropriately deal with any issue you may have. Please contact us by email in the first instance at firstname.lastname@example.org.