With a Merchant Cash Advance our Lender is able to offer upto 200% of average monthly card takings (Renewals can be upto 250%). This is a facility open to Sole Traders, Partnerships & Limited Companies, whether they are Homeowners or not.
There are no fixed monthly payments nor business plans required. No hidden/early/late fees, customers only pay back as they earn in line with their card transactions.
Typically, the term length of a MCA ranges between 4-12 months. Customers on average pay back in 6-9 months however the beauty of our funding is that you pay off your advance as you make sales, perfectly in line with your cash flow, thus meaning there is no concrete date and no late fees!
If you have been accepting credit/debit card payments for at least 4 months, with a minimum average of £2500 card takings monthly and at least 10 transactions per month then you are very likely to be accepted as long as you are partnered with one of the following card acquirers;
WorldPay, First Data, Elavon, Lloyds Bank, Cardnet, Global Payments, Barclaycard, AIB, Sumup & Stripe.
We can even assist you if you have adverse credit as we review each application on a case-by-case basis. As long as you are upfront and honest then we will do everything in our power to help you.