Support

InstantAdvance offers start at £10,000 and can go up to double your monthly turnover. How much you choose to finance is up to you, subject to assessment and approval. Anything up to £100,000 does not need any form of security.

There is a flat fee that starts from 3% of your InstantAdvance. There are no other administration or interest charges, as long as you keep to the terms of our agreements. Your repayments will change as they are linked to your revenues.

If you wish to apply for an InstantAdvance, your business must:

• be registered in the UK
• have UK resident Directors

You will sign a contract that details the full terms of use. The InstantAdvance will typically operate as follows:

Before

• We will work with you to agree on an affordable InstantAdvance size
• We decide your fee (starting from 3%), so you know the exact cost
• We agree on the percentage of your revenue that we will take for repayments. If your revenue goes down, you pay less.

During

• Your payments and fee are collected via Direct Debit
• We will need regular access to your bank account and management accounts information to calculate the repayments. We prefer to set up an automated data feed to make this as simple for you as possible, but other methods are possible.

Other conditions may be agreed upon with you on a case by case basis.

After

Should you want a new InstantAdvance at any time, please contact your relationship manager.

1. Apply online, and we will check that you comply with our basic eligibility requirements.
2. Connect (or provide information about) your bank accounts and financial accounts to allow us to set your loan limit.
3. If you don’t need a loan immediately, we can refresh your limit regularly
4. When you are ready to borrow, sign your contract, direct debit mandate (for repayments), and we’ll do some final checks before typically paying cash into your account next business day
5. We will then begin to collect repayments based on your revenue

Applying for an InstantAdvance will not impact your business or personal credit score.

Your repayments are linked to your revenues. We typically collect between 5 and 20% as repayment until the full amount and fee have been paid down. Whilst the actual duration of your InstantAdvance will depend on your revenue, there is an upper limit of twelve months for repayment. Should your circumstances change or you wish, you can pay in full at any time.

An InstantAdvance is a single contract that ends when it is fully repaid. There is no auto-renewal, you simply apply for another InstantAdvance.

If you are experiencing financial difficulties, please contact your relationship manager who will be able to provide you with support. They can be reached at help@previ.se or by calling +44 20 8158 8638 (lines are open Mon-Fri 9am-5pm, calls charged at the national rate).

The InstantAdvance loan is designed to minimise the risk of you running into arrears. However, please note that if you fall into arrears we may record the details with a credit reference agency, which could damage your business credit rating and may make it more difficult for you to obtain credit in the future.

Failure to make your repayments when they fall due may also result in us taking legal proceedings against you, which may result in an enforcement action to recover the monies that you owe.

InstantAdvances are structured so that your repayments automatically adjust up and down as your revenue changes. You pay less when your revenue reduces and more when your revenue increases.

Normally, InstantAdvances can only run for 12 months. If you think you may have trouble repaying within that timeframe, then please contact us on 020 8158 8638  during UK business hours (9 am to 5 pm, Monday to Friday) as soon as possible so we can discuss your options and support you.

Please note that missing payments could lead to your business being put into default, which can affect your credit rating.

In the event that you don’t make payments due in accordance with the terms of your loan, we will contact you to discuss alternative options where reasonable. However, if you do not respond to our requests or we cannot find a mutually acceptable solution, then we may employ third-party agencies to recover the amounts due from you, and in some cases, we may need to take the matter to court for resolution.

We will only use your information in accordance with our Privacy Policy for Applications and Services as set out in your contract.

Your data is transferred using industry-standard 256-bit TLS encryption technology. Your InstantAdvance Account is hosted within an EU-based data centre, configured with multiple firewalls and network intrusion detection technology. Our business is ISO 27001 certified for data security.

No data will be shared without your consent.

We always strive to give the best possible service to our customers but if you are not happy, please contact the Relationship Team at help@previ.se or by calling +44 20 8158 8638 (lines are open Mon-Fri 9am-5pm, calls charged at the national rate).

There is no third-party accreditation required at this time.