Merchant Cash Advance

Fast, Flexible Finance:

A Merchant Cash Advance (MCA) is different than a loan in that the lender essentially pre-purchases some of your credit card transactions, “advancing” the money to you. The lender will “own” some of your future sales, and will collect the money from those sales. Unlike loans, cash advances technically don’t have an interest rate, or a set repayment period. Instead, you repay the lender who takes a percentage of your credit card sales each day until you’ve repaid the balance and the fee agreed upon.

Applications are welcomed from all UK based limited companies, sole traders and (unincorporated) partnerships. MCA offer flexible finance solutions for all UK businesses. That includes retailers, restaurants, hotels, pubs, hairdressers, beauty salons, service providers and more. Businesses use MCA for all sorts of purposes, from bridging short-term cash flow gaps to purchase stock or refurbishments

In particular it aims to help those SMEs that find accessing any kind of fast working capital advance difficult when looking at more conventional options. Often barriers to this finance include being a tenant, having little stock of any value or dealing in perishable stock, or even a mediocre credit history – our underwriting looks for the story, not just the score.

The Merchant Cash Advance (MCA) Advantages:

£ – No application fees or hidden charges, and a simple application process.

£ – Payments can be made within 24 hours of application subject to all docs being received and signed.

£ – No tangible security required. Personal guarantee required.

£ – No audited accounts or tax returns required.

£ – No fixed payment – lender gets paid when the merchant gets paid.
Repayments based on a % of card takings

What A Merchant Needs To Get Started:

£ – Submit 6 months card processor statements

£ – Landlord Information and 1 year remaining on their lease.

£ – An average of at least £3,500 per month in credit/debit card sales.

Industries we work extensively with and aim to continue to actively target include:

– Restaurants

– Hotels/Motels

– Bars/Pubs

– Hair & Beauty

– Florists

– Automotive Repair

– Pharmacists

– Dry Cleaners

– Shoe Repairs

– Sports Shops

– Cycle Shops

– Butchers/Green Grocers/Fish Mongers

– Garden Centres

– Cash and Carry Furniture

– Off Licences

– Pet Care

– Builders Merchants

– Dentists,

– Vets

– Convenience Stores

If there is a small to medium business that has a cashflow issue or plans for growth, but doesn’t have the funds to achieve it, then a Marchant Cash Advance could well be the solution.

Data Protection:

We are committed to protecting your privacy and recognise our responsibility to keep the information you provide to us confidential at all times.

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