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Acquire a business loan based upon your monthly sales
Estimated time to read page: 2min 45s | Written - January 2025. Reviewed quarterly.
"Merchant cash advances provide flexible funding based on future credit and debit card sales. Repayments are automatically tied to business turnover, making this an ideal solution for companies with fluctuating revenue looking for quick and accessible finance." - Jamie Davies, Head of Lending
A merchant cash advance, often abbreviated as MCA, is a financial solution designed to provide businesses with immediate capital. Unlike traditional loans, MCAs are not based on credit scores or collateral but rather on the strength of a business's daily card sales and overall revenue.
This flexible solution is ideal for businesses with regular card transactions, such as retail or hospitality.
Unlock future card sales today with a Merchant Cash Advance – a fast, flexible way to access the funds your business needs.
The industries that typically apply for MCA are:
MCAs offer quick access to working capital for managing cash flow, purchasing inventory, funding marketing campaigns, or covering unexpected expenses.
As repayments are done as a percentage of card sales, it provides flexibility - the business repays proportionally to card sales, relieving potential tight cashflow during slow periods.
The specific eligibility criteria will depend on each lender, the rule of thumb usually involve:
The business has to be registered and based in the UK trading for at least 6 months
Most lenders want to see a minimum monthly card sales
Business has to receive payments over regular card transactions
Lenders may request specific documentation throughout the process; however, the usual basic information required will include the last six months card transaction statements, last six months bank statements, the most recent filed accounts (if applicable), and basic details about the director and the business.
Our team will request this information through our secure technological platform, allowing for a safe and efficient upload of all documents.
By joining years of expertise with our in-house intelligent lending technology, we are able to quickly match your business to the best product and the right lender for your circumstances, even if you have struggled in the past, in a simple and straightforward way.
On top of that, we provide advice and support through the entire process. Arranging a finance facility can take time. We assist you in cutting through the unnecessary and focusing only on what needs to be done.
We make it easier for you to raise commercial finance for your project or business. As we're not tied to specific commercial finance lenders, our concern is what's best for you.
Repayments are made automatically as a fixed percentage of your daily card sales, ensuring flexibility during slow periods.
Payments adjust with your sales, so there’s no fixed repayment schedule, easing pressure during slow months.
The amount depends on your average monthly card sales, typically up to 1.5 times your monthly turnover.
No, MCAs are unsecured, and repayments are based on your future sales rather than physical asset, though some lenders may require a Personal Guarantee to be signed.
Funds can often be disbursed within 24-48 hours of approval. It is typically fast to be approved, with the bulk of time taking up in the process of transferring card sales to the lender - a process done by the card provider.
