Why payments add up
Each advance is repaid in its own payments, usually every business day. Two or three of them together can take a large share of what comes into the account, and the payments keep coming on slow days.
The warning signs
You borrow to cover a payment, you skip a supplier to keep a payment on time, or you cannot say how much leaves your account each day without adding it up. Any one of these is a reason to stop and look at the whole picture.
How to check your own load
Add up every daily payment you already make. Divide the total by the sales your account receives on an ordinary day, and again on a slow one. Our cost calculator does this for you and includes the payments of any advance you already carry.
What to do instead
Ask the current provider whether the terms can change, and ask a bank or another lender whether they can fund you at a lower total cost. Adding another advance is the last option to consider, not the first. When you apply with us, you tell us about existing advances so we can say plainly if more funding is a bad idea.