Cash advances and business loans
With over 80% of adults in the UK now having at least one Direct Debit set up, Direct Debit is a preferred payment method and has proven to maintain loyalty from customers and enhance business credibility.
In order to be able to debit payments from a customer’s bank account, a business has to become a “Service User” which requires the business to obtain sponsorship from their bank, extensive training and substantial software costs. Even large and well established businesses can find it difficult to obtain sponsorship from their bank, and the rigid application process can be complicated & lengthy.
We at DebitDirect have done the hard work and can provide your business with all the benefits of being a Direct Debit service user, without all the hassle and obstacles that come with the application.
By signing up to our Facilities Management service, we will provide you with:
Preferred access to our business loans
We also offer business loans based on your Direct Debit collection turnover. We can loan funds against your future Direct Debit turnover based on your historical Direct Debit transaction data…
No business plans required
Initially we chose them both for their commercial terms and for their approachability. They helped us through every step of getting up and running and, in contrast, to many of their competitors, have a flexible and easy to use solution that is supported by direct contact with their team.
Their responses to queries have always been very quick and very helpful even when it has involved putting right mistakes that we’ve made.
We’ll stay with them because they still have the best commercial terms we’ve found but also because they are such an easy to work with and reassuring partner to have alongside you when you’re building a business and personify “one less thing to worry about.”
“Debit Direct always provides us with a professional, reliable and efficient service. Their online user interface is very simple to use and their customer service is second to none. Using Debit Direct has reduced our workload and level of arrears. As a long-term client, we can highly recommend Debit Direct Ltd for payment collections.”
“We are a Private Higher Education College. We offer students a variety of timing options to pay course fees and they receive an assortment of loans and grants so don’t all pay the same amounts. Being able to offer the option to pay by DD with debitdirect has been hugely helpful to us – it gives students the peace of mind of knowing that the agreed instalments will be paid on the due dates, so they can get on with their course & enjoying student life, and has made credit control SO MUCH easier! We also receive a notification as soon as a DDM is cancelled so we can speak to the fee payer immediately and arrange an alternative or alter their terms if they’re struggling, rather than finding out when the payment doesn’t come through. The support from debitdirect is great and any questions have always been answered quickly and efficiently.”