Merchant Cash Advance
A Merchant Cash Advance (MCA) is an innovative product where finance is advanced against payments received via your card terminal. It's perfect for SMEs with few assets but with a significant percentage of takings received through card transactions.
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Merchant Cash Advance features and benefits through Funding Options:
Flexible and scalable finance
Any SMEs with a card terminal can apply
Easy repayments
Frees up other forms of finance
Funds advanced immediately
No need for credit checks
Merchant Cash Advance - How does it work?
Repayments are made as a percentage of revenue, so they go up and down proportionally with your business’s income. You can therefore feel reassured knowing you’ll be able to make payments if you hit a bump in the road.
Repayments can seem relatively painless. Because the lender works directly with the card terminal provider, the percentage they take for repayments is never in your business’s bank account, but instead is ‘taken at source’.
The money is taken automatically until the debt is paid, so you can spend less time worrying about finances, and more time running your business.
A Merchant Cash Advance effectively opens a new line of credit. It’s possible to get other types of finance for your business at the same time, which can prove very useful.
Financial product information
Representative example*
7.63% APR Representative based on a loan of £50,000 repayable over 24 months. Monthly repayment of £2,252.94. The total amount payable is £54,070.56
*Some lenders may apply fees during the application process, please note that these are set and provided by these entities.
Annual Percentage Rate
Rates from 2.75% APR
Repayment period
1 month to 30 years terms