HOW DOES IT WORK
A Merchant Cash Advance is a revenue-based financing product. It is repaid through a pre-agreed percentage of your card terminal sales. There’s no fixed term or schedule; repayments flex with your business performance. We’re with you every step of the way, in good times and challenging ones.
CAN I GET A MERCHANT CASH ADVANCE?
Most businesses that accept card payments can qualify. Unlike traditional loans, approval is based on your card terminal receipts performance, not on assets or credit history. This means we can assess your application quickly and agree on a funding amount and repayment plan in a fraction of the time.
HOW YOUR REPAYMENTS WORK
With a Merchant Cash Advance, repayments are designed to match your cash flow:
- Revenue-Based Repayments: A small, agreed percentage is automatically taken from your daily card sales. On busy days you pay a little more, and on slower days you pay less.
- No Fixed Due Dates: Repayments are tied to your card terminal receipts; there’s no pressure of missing a fixed payment.
WHAT ARE THE BENEFITS OF A MERCHANT CASH ADVANCE
- Fast Access to Funds: Receive your MCA quickly, most approvals happen within hours, so you don’t have to wait weeks like with traditional loans.
- Simple Application: Minimal paperwork and no collateral required. Your eligibility is based on your card terminal receipts, not your assets or credit score.
- Flexible Repayments: Repay a percentage of your daily card receipts, pay more when business is busy, less when it slows, helping you manage cash flow with ease.
- Need extra funding later? Top up your MCA quickly and seamlessly, without reapplying from scratch.
