Grab bigger opportunities and grow your business
Draw up to 2x your monthly revenue with InstantAdvance and repay as a proportion of your sales
SMEs seek financial help to get over these hurdles but they are left with slow, inflexible loans and other repayment facilities that don’t offer the flexibility, ease, and security they want. So, SMEs regularly decline great opportunities.
Take on big opportunities and pay for the materials, staff, equipment, or unexpected costs that you need to fulfil with InstantAdvance. Flat fee, instant access capital. Made simple for SMEs.
Get up to 2x your monthly turnover with fees that start from 3%.
Repayments will be calculated on your sales. So you pay as you profit.
No interest, just a single fee.
No equity dilution.
No personal guarantee.
Previse uses data and smart technology to make finance simple for our customers. We pride ourselves on making life easier with:
No lengthy setup process or hidden fees.
When we say we make finances simple, we mean it.
your accounting and banking data
your credit limit with regular auto-updates
cash on demand and it will be in your account the next day
a proportion of your sales
We also require basic details about your business such as your bank statements from the last year. Or you can link your account via Open Banking. It’s up to you.
InstantAdvance offers start at £10,000 and can go up to double your monthly turnover (up to a maximum of £250,000). 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. This means you know the actual repayment amount before you agree to the advance. Your repayments will change, as they are a proportion of your revenues.
If you wish to apply for an InstantAdvance, your business must:
Your contract provides the full terms, however, an InstantAdvance typically operates as follows:
Other conditions may be agreed upon with you on a case by case basis.
Should you want a new InstantAdvance at any time, please contact your relationship manager and we can fast track your request (as you’re already set up).
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 email@example.com 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.
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 firstname.lastname@example.org 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.