Merchant Cash Advance:
for Stripe customers

Does your small business accept Stripe payments? Supercharge your growth with a Merchant Cash Advance and repay against your future Stripe card transactions.

- Get funding in as little as 48 hours
- Approval based on your Stripe card transactions
- Repayments that flex with your revenue

Apply for a Merchant Cash Advance

How can using Stripe help me get a Merchant Cash Advance?

A Merchant Cash Advance, also known as a business cash advance, offers swift and flexible access to funding.

If your small business uses Stripe to process debit and credit transactions, you can leverage your future expected card revenue through Stripe to secure funding.

Unlike conventional business loans, eligibility for a Merchant Cash Advance relies on your business's transaction history and anticipated revenues through a card processor like Stripe, rather than solely on credit scores or collateral.

mcl 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 1.20, resulting in a total repayment of £24,000. 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 240 days, given consistent sales.

What can Stripe customers use the funds for?

The funds can be utilsed to bolster various aspects of your business, from optimising cash flow and supporting daily operations to fueling expansion initiatives.

By paying back your Merchant Cash Advance through Stripe, you gain the flexibility and agility necessary to thrive in today's dynamic business landscape. Here are ways Stripe customers use a mcl Merchant Cash Advance:

  • Inventory purchases

  • Equipment upgrades

  • Expansion projects

  • Boost online marketing

  • Cash flow gaps

Apply for a Merchant Cash Advance

I’m a Stripe customer, how do I qualify for a mcl Merchant Cash Advance?

You only need a minimum of six months of transaction history through Stripe, with a monthly volume of at least £10,000 to qualify for up to £100,000.

Additionally, you need to process at least 10 card transactions a month through Stripe.

Even if you use Stripe alongside another card processor, you can still get a Merchant Cash Advance with mcl finance. We look at your total number of monthly card transactions.

Other finance options for Stripe customers

A finance option like a Merchant Cash Advance, which takes a proportion of your daily Stripe card transactions, might be the best option for your business. Especially if your income varies throughout the month.

However, if your income is through other forms of payments such as bank transfers you might want to consider other finance options. This is because the amount you can borrow with a Merchant Cash Advance will be based on just the value of your card transactions, through Stripe or other payment processors. You may also prefer to pay fixed monthly repayments.

The good news is that we offer access to unsecured business loans too.

Who are Stripe?

Stripe is a payment service provider designed to facilitate the acceptance of various forms of payment by merchants. Its primary offering, Stripe Payments, caters particularly well to businesses heavily engaged in online sales, offering a range of features tailored to this domain.

Stripe supports payments from Visa, Mastercard, American Express, Discover, JCB, Diners Club, China UnionPay, and debit cards. Additionally, it accommodates payments from mobile wallets and buy now, pay later services, across multiple currencies. For in-person transactions, Stripe Terminal provides a point-of-sale solution.

How does Stripe payment processing work?

Stripe payment processing involves several steps:

  • Customer initiates payment: The process begins when a customer makes a payment online or in-person.
  • Payment information submission: The customer provides their payment details, which are encrypted for security.
  • Encryption and transmission: The encrypted payment data is sent to Stripe's payment gateway.
  • Authorisation and processing: Stripe forwards the data to financial institutions for verification and approval.
  • Transaction approval: The customer's bank approves or denies the transaction based on factors like available credit and fraud risk.
  • Confirmation and notification: Stripe communicates the transaction status to the customer and merchant.
  • Funds settlement: Once approved, funds are transferred from the customer's bank to the merchant's Stripe account.

Overall, Stripe's system ensures secure and efficient payment processing for businesses and customers.

How do you get started with Stripe?

To start accepting payments via Stripe, users must follow three steps: create a Stripe account, provide business details including address and legal structure, and link a bank account for receiving payouts. However, initial payouts are subject to a waiting period, typically seven days after the first payment, or up to 14 days in certain industries.

mcl finance is not associated with Stripe, we offer small businesses access to Merchant Cash Advances for Stipe Merchants.