Merchant Cash Advance
Business Funding Designed To Boost Cashflow
What Is A
Merchant Cash Advance?
A merchant cash advance is a very quick way to acquire more funding for your business if you take cashless payments from your customers.
The application process is very easy and, if you qualify, you could get an advance for up to 150% of your monthly terminal transactions (usually within 48 hours)!
The best part is: Instead of having another monthly payment to worry about, your advance is paid back through a tiny percentage of each of your card terminal transactions over a period of around 9-12 months.
Short Term, Unsecured
Based On Monthly Card Turnover
How much you can borrow is based on the amount you transact through your payment terminals each month.
Short Term & Unsecured
Most Merchant Cash Advances are completely paid off within 9-12 months and don’t require a personal guarantee from directors/owners.
No Minimum Monthly Payments
No fixed monthly bill to worry about! Your advance is paid back with a small piece of each future card transaction.
Frequently Asked Questions
- You currently take card payments (either in-person, through your website, or over the phone).
- You’ve been accepting card payments for at least 3 months.
- You transact at least £1000 per month through your terminals.
- And you don’t currently have a Merchant Cash Advance
With a Merchant Cash Advance, you’re eligible for up to 150% of the total amount you process through your card terminals each month.
Once you apply, we’ll get an offer over to you (typically within 24-hours) with the exact amount you’re able to borrow.
The repayment terms for a Merchant Cash Advance are looked at on a case-by-case basis, but the aim is to have the advance paid off within 9-12 months.
Nope! If you would look to pay your Merchant Cash Advance off early, you’re more than welcome to do so with no penalty whatsoever.
For a Merchant Cash Advance, no personal guarantee is needed!
We do! As long as your business takes card payments, and you meet the other criteria above, you’re eligible.