Easy to apply and manage

Repay as you get paid

Select a percentage option to automatically deduct repayments from your 316 Marketplace sales, making cash flow management simpler. Minimum payments required.

Meet any business need

Whether it’s new technology, additional supplies, equipment upgrades, or marketing, you can use your funding for whatever your business requires.

We know your business

Approval is based on your 316 Marketplace sales, account history, and other criteria, with no documentation required during the application process.

Quick decisions and funds

We typically notify you of approval immediately. Once approved, your funds are transferred to your 316 Money account within minutes.

Is 316 Trade Working Capital right for you?

Minimum eligibility requirements :

  • Your business has had a 316 Pay Business account for 90 days or more
  • You process at least £9,000 in eligible 316 Marketplace sales annually
  • Have repaid any existing 316 Trade Working Capital cash advance
  • Your business is registered in the United Kingdom.
  • Sole traders aren't required to be registered in the United Kingdom to have access to 316 Trade Working Capital
  • See 316 Trade Working Capital   terms and conditions.
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How to apply for 316 Trade Working Capital

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How to apply for 316 Trade Working Capital

Complete the application

No extensive documentation needed. You'll typically receive an a decision within a few hours.

In limited cases, an applicant may be asked to provide documentation before a decision is made.

Select your terms

If approved, choose the percentage of your marketplace sales to be allocated for repaying your cash advance and fee. Review, agree to, and download the terms and conditions

Receive Funds Quickly

Once your application is approved, the funds will be deposited into your 316 Pay Business account within minutes.

Begin repayment

Repay automatically with a percentage of each marketplace sale until your advance and fee is fully settled. Alternatively, you can make manual payments at any time without incurring an early repayment fee.

Repayment percentage chosen prior to funding and applied to each marketplace sale. Minimum payment required every 90 days. See terms and conditions for details.

316 Trade Working
Capital FAQS

Working capital is the difference between a business's assets and liabilities. It is used to manage day-to-day operations, cover routine expenses, and invest in new projects and opportunities.

316 Trade Working Capital is a financing solution that provides sellers with a cash advance to help grow their business. The advance can be used for various needs, such as purchasing inventory, upgrading equipment, or marketing.

To qualify, you must have a 316 Pay account that has been operational for at least 90 days, with an annual turnover of at least £9,000 in 316 Marketplace qualifying products. A good account standing and consistent sales history are also required.

For 316 Trade Working Capital, you will incur a fixed fee based on the amount of the cash advance you receive. This fee is determined at the time of approval. Repayments are made automatically as a percentage of your sales and profits, allowing you to settle your advance ahead of schedule without extra costs.

There are no extra charges if your marketplace sales vary or if you experience days without sales. However, you must make a minimum repayment every 90 days, starting from the day you receive your cash advance. This amount is determined by your business profile and the terms of your cash advance, but will not exceed 30% of the total repayment amount (cash advance plus fixed fee). If you fail to meet this requirement, you may be asked to repay the entire outstanding balance.

The minimum repayment details will be specified in your terms and conditions, which you can review before finalizing your application and within the application process.

You can only hold one active 316 Trade Working Capital advance at a time. Once the current advance is fully repaid, you may apply for another one, provided you meet the eligibility requirements. Many customers choose to apply for additional advances after completing their previous ones.

More about 316 Trade working capital

Apply for 316 Trade Working Capital

A business cash advance with repayments that flex with your 316 Marketplace sales. Funding made simple.

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