Funding
Funding not disclosed
Founders
Product
Problem
Small and medium-sized businesses (SMBs) often struggle to secure funding through traditional lenders due to stringent requirements and lengthy approval processes. These businesses need quick access to capital to manage cash flow, invest in growth, or cover unexpected expenses, but may lack the collateral or credit history required for conventional loans.
Solution
Pay2Day operates as a commercial finance broker, connecting SMBs with a diverse panel of specialized lenders to secure suitable funding solutions. The company streamlines the application process, offering a single application form to access multiple lenders and various financing options, including unsecured business loans, merchant cash advances, secured loans, and asset finance. Pay2Day's service aims to simplify the funding search for businesses, providing access to options tailored to their specific needs and circumstances, with funding potentially available within 24 to 72 hours. They also offer payment solutions, including card terminals and virtual payment options, to help businesses manage transactions and improve cash flow.
Target Audience
Pay2Day primarily targets small and medium-sized businesses (SMBs) in the UK seeking alternative funding solutions and efficient payment processing services.
Features
- Access to a network of specialized lenders across the UK
- Single application form for multiple funding options
- Options for unsecured business loans based on profits and turnover
- Merchant cash advances based on future credit and debit card sales
- Secured loans based on assets owned by the business
- Streamlined application process with dedicated account manager
- Fast approval and funding, potentially within 24 to 72 hours
- Payment solutions including countertop, portable, and mobile card terminals
- Virtual payment options for e-commerce and online transactions