![]() ![]() Online spending in the UK now amounts to over £1.1 billion every week, and as businesses strive to meet consumer shopping preferences, e-commerce optimisation is becoming even more vital to business growth. * Not all lenders on our panel will offer funding in as little as 24 hours after approval.The Ecommerce foundation also reports that in the e-government development index, the UK ranks 1st. The minimum duration is 4 months, but the average term can range between 6 to 12 months. We do not offer ‘short-term loans’, a Merchant Cash Advance (also known as a Business Cash Advance) is a business finance product and is not a consumer loan. Guarantees and Indemnities may be required. All finance and quotes are subject to status and income. Applicants must be aged 18 and over, Terms and conditions apply. For certain lenders we may have influence over the interest rate, and this may impact the total amount payable by you, the customer. Sorodo Limited does not charge customers a fee for using its broker service, but receives a commission from lenders for effecting such introductions. Sorodo Limited can introduce applicants to a number of finance providers based on the applicants' circumstances and creditworthiness. ![]() Sorodo Limited is acting as an agent of TrueLayer, who is providing the regulated Account Information Service, and is Authorised and Regulated by the Financial Conduct Authority under the Payment Services Regulations 2017 and the Electronic Money Regulations 2011 (Firm Reference Number: 901096). Sorodo Limited is registered on the Register of Data Controllers with the Information Commissioner's Office number ZA160887. A Merchant Cash Advance (also known as a Business Cash Advance) is currently not an FCA regulated product. ![]() Sorodo Limited is authorised and regulated by the Financial Conduct Authority under firm reference number 774781. Registered office: St Andrews Park, Queens Lane, Bromfield Industrial Estate, Mold, Flintshire, CH7 1XB, UK. Sorodo Limited is registered in England and Wales under company number 08039501. © .uk is a trading name of Sorodo Limited. We're confident we can help you secure that much-needed cash injection for your business - quickly and hassle-free. We work with both national and independent retailers - from the established high street shops to online startup stores, including eCommerce seller platforms such as eBay, Amazon, Etsy and Shopify. Instead of fixed monthly repayments, you make repayments as a percentage of card sales each month until the loan is fully repaid. This flexible alternative finance differs wildly from traditional business loans. Sometimes known as a business cash advance, this funding option is a fast solution for UK retail businesses. That’s why we’ve helped many small retail businesses grow with a merchant cash advance. Without available capital, you run the risk of falling behind.Īlthough the UK retail sector is growing each year, it is a fiercely competitive and saturated market to flourish in. Your commerce business must operate and function effectively, that you can take calculated risks - from buying new stock to experimenting with new marketing strategies. We’re all buying more - but that doesn’t mean that you won’t still experience cash flow problems or issues keeping up with stock demand in your retail business. We can support you while you’re making this shift. High street retailers are continuing to face challenges to move their operations online. It is a different story altogether for high street stores, which battled a tough year in 2019. It’s not surprising that online eCommerce retail sales continue to grow - it’s accessible for many. Fast finance to grow your retail and eCommerce businessĭid you know the total value of UK retail sales in 2022 was a staggering £441 billion? The industry continued to grow, with online purchases making up over a quarter (27%) of retail sales. ![]()
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