This is a business loan that is directly linked to your debit/credit card terminal and income generated by card sales.

The amount of loan you are eligible for is based on the monthly sales taken by card, usually a percentage of the average of the most recent 3 months trading period.

The facility is short term and usually repayable within 12 months.

Repayments come directly from future card sales.  A percentage of each card sale is used to repay the loan.

This form of funding is popular amongst retailers, bars and restaurants.

Security is often required, in the form of Personal Guarantee and Debenture.