• Loan Types: Merchant Cash Advance
• Availability: UK (Accepting Payments By Card)
• Securities: Against Invoices
• Loan amount: £2,500 – £300,000
• Interest: Not Fixed, High
• Overall Rating: Helpful 3.7 / 5.0

About Liberis

Liberis is a strong lender with a simple business model. They quickly approve and finance business operations for many reasons. Businesses pay them back by giving them a portion of daily credit card sales. On days where they make less, they contribute is less, until the balance is paid. Businesses keep all cash sales.

Cash Advance

No Fixed APR! Pay as you go along. Merchant cash advance at its finest – pay back a portion of your daily sales.

Quick Approval

Within 24 hours, it is already reasonable that you’ll receive the necessary funds from Liberis.

Superb Service

100% Positive Experiences on Feefo: “Staff are always very helpful, and friendly. We think its a fab way to aid cash flow, and you don’t even notice the repayments”

The Good and the Bad

Good

• Approval Speed. Liberis is great about approving businesses quickly, then providing funds in as little as 24 hours.
• No APR. Users pay just one fixed price, a day at a time until the balance is paid off. No additional fees or rates apply.
• Ease of the whole process. The whole process is easy and seamless. Many customers hardly notice the payoff process.
• Quick Approval
• 100% Happy Clients (Feefo Reviews)

Bad

• Could be expensive in some cases, and it’s difficult to crunch through the numbers to understand how much is actually repaid.

Which Type of Companies do They Apply to?

The only requirement that Liberis makes public is that qualifying businesses must have been in business for at least 9 months and accept daily payments by credit card. Their customers include businesses all over the UK: convenience stores, hotels, pubs, clothing stores, hairdressers, and auto outlets.

Are Bad Credit Businesses Accepted?

Because repayment is made from a portion of daily sales, credit history is not as much a concern for Liberis as it is for traditional lenders. Liberis considers a business’s daily credit sales history more than any other factor, even from businesses with poor credit. Payment is automated, so qualifying businesses will have little opportunity to default.

Early repayments & Comparison

Because there is no APR, and no additional fees for any reason, early repayment carries little incentive. However, there is still no penalty for early repayment.

How do they compare with other companies in the industry:

Liberis’s repayment-by-portion-of-daily-sales is a little seen approach to microlending. It makes the borrowing process so easy for users that 70% renew and most repay their advance in six to nine months. Their ability to issue loans without interest, at one fixed cost, is another innovation.

Reputation & Feedback

Credibility:

Founded in 2007, Liberis has grown to become the UK’s largest provider of business cash advance loans. They generate over £14 million annually, and currently serve over 1600 customers. Liberis functions in partnership with Lloyds Bank Cardnet®, through which they issue their loans.

Liberis has a 100% score on Feefo, with all “Good” or “Excellent” customer distinctions.

The Telegraph and Talk Finance are among the news sources that have followed the rise of Liberis into the premier provider of business cash advances in the UK.

For investors:

Liberis does not provide investors the opportunity to directly fund loans.

UK’s Leading Cash advance providing serving over 1,600 clients and getting 100% Positive reviews. In other words, a superb choice

Bottom Line

Liberis provides a friendly and easy approach to business cash advances. The price is set in advance, and it will never change. There are no late fees, interest charges, or penalties for paying a debt off early. Most users say they don’t even notice their payments, drafted daily from credit card sales. For these reasons, Liberis is an excellent option for businesses in need of a quick infusion of cash, for nearly any purpose.