If your business has been operating for at least four months and your current card machine has a turnover of a minimum £2,500, then you could qualify for a Merchant Cash Advance.
We can obtain funds from £2,500 up to £500,000 depending on your circumstances.
No security is needed, and you can have the money within 24 hours of approval.
Wait, I didn’t earn as much this month… will I still have to pay the same amount off my MCA?
The Merchant Cash Advance, is linked to your card machine and each day, only a set percentage of what you have transacted will be taken to pay off the loan.
Think of it like this; your customers pay for goods or services through the card machine. Then the Merchant Cash Advance Company takes a small percentage of that transaction, and pays it off the money you owe. You then bank the rest as usual. So each time you get money in, you pay a little off what you have borrowed. The more you earn, the quicker you can pay the money back, but if you are having a ‘lean’ month, you will pay less back.
The payments will only ever be a per cent of transactions that you have processed through your card machine, which means they will always be affordable.
What do I do next?
Fill out the merchant cash advance application on our website and answer a few basic questions about yourself and your business.
Supply your last 4 months merchant statements, and last 3 months bank statements.
We can usually get you an offer of funding within 24hrs!