Merchant Cash Advance:
finance with flexibility

Looking for quick and flexible finance for your business? A Merchant Cash Advance could be just what you need.

- Get funding in as little as 48 hours
- Approval not based on collateral or credit history
- Flexible repayment that suits your schedule

Apply now

What is a merchant cash advance?

Sometimes also called a business cash advance, a merchant cash advance is a quick and flexible form of finance based on your business's expected credit card transactions.

Unlike with traditional business loans, approval for merchant cash advances is based on your business's card transaction history and projected revenues, rather than just relying on credit scores or collateral. Lenders typically expect your business to have a trading history of at least six months and a monthly card transaction volume of no less than £5,000.

Merchant cash advances are ideal if your small business frequently processes credit card transactions and needs quick financial support, even within a single week. Once your application is approved, your business will receive the agreed amount of funding and settle it by dedicating a fraction of its customer card transactions.

You'll be able to use the funds to support your business in whatever way it needs, whether that's by enhancing cash flow, supporting daily operations or stimulating business expansion.

Benefits of a merchant cash advance

Quick approval

Merchant cash advance applications are often approved within 24-48 hours, helping you seize opportunities or address financial challenges as quickly as possible.

No collateral needed

Your business can get the funding it needs without tying up valuable assets or real estate.

Flexible repayment

Merchant cash advance repayments adjust to your business's ebb and flow, ensuring that you pay back less during slower periods.

High approval rates

Merchant cash advances are particularly beneficial for businesses that might struggle with traditional loan requirements due to credit issues.

Transparent pricing

Our straightforward pricing structures let you budget and plan your finances without the stress of unexpected costs.

Short-term commitment

Another benefit is the absence of long-term commitments. The repayment terms are typically shorter, freeing businesses from the strain of prolonged debt.

How does a merchant cash advance work?

A merchant cash advance isn't a loan. It's an advance based on your future credit card sales.

Once your application is approved, the provider offers you an upfront sum of cash. You automatically make the repayments as a percentage of your daily credit card sales, instead of fixed monthly payments.

This means you pay back more during busy periods and less during slower times. This gives your business flexibility that aligns with your income.

Merchant cash advance example:

Imagine your business needs £20,000 for an upgrade.

After reviewing your credit card transactions, a provider offers this amount with a factor rate of 1.30, resulting in a total repayment of £26,000. If you agreed to return 10% of daily card sales and make £1,000 daily in card transactions, you'd automatically repay £100 daily.

The advance gets fully paid back in approximately 260 days, given consistent sales.

What can I use a merchant cash advance for?

The beauty of a merchant cash advance lies in its flexibility. You can use it in for whatever will most help your business, including but not limited to:

  • Inventory purchases: Stock up during peak seasons or take advantage of bulk purchase discounts.

  • Equipment upgrades: Invest in modern tools or machinery to increase efficiency.

  • Expansion projects: Launch a new product line or open a new branch.

  • Marketing campaigns: Boost your outreach and acquire new customers.

  • Cash flow gaps: Navigate through unexpected expenses or downturns without stress.

Card processors we work with

Here are just some card processors that our merchant cash advance works with:

  • Barclaycard
  • Dojo
  • Elavon
  • EVO Payments
  • First Data (Fiserv)
  • iZettle
  • Judopay
  • Klarna
  • Payment Sense
  • Paypal
  • Square
  • Shopify
  • Stripe
  • SumUp
  • Tyl
  • Worldpay

Are there any other benefits of a merchant cash advance?

Well, yes!

Merchant cash advances offer several notable advantages for businesses. They are particularly adaptable to seasonal businesses, with repayments adjusting according to sales, ensuring that companies are not weighed down during slower periods.

Additionally, the straightforward pricing structures eliminate the worry of hidden fees, allowing businesses to budget and plan their finances without the stress of unexpected costs. Another benefit is the absence of long-term commitments. The repayment terms are typically shorter, freeing businesses from the strain of prolonged debt.

Furthermore, companies can swiftly access the funds, enabling them to seize opportunities or address financial challenges, effectively boosting their cash flow.