How much can my business borrow?

The amount you can borrow will depend on your average monthly card takings. The amount of credit available is between £3000 and £300,000.  Apply now to find out what you can get.

How long can I borrow for?

It’s a short-term funding product. The time it takes for you to pay it back is based on your business performance – in slow times, you pay back less, and in good times you pay back faster. Typical repayment timeframes are 6 to 9 months, but can be as short as 4 months and as long as 18 months.

Will my business qualify?

Ideally, your business must be trading for approximately 3 months and turning over more than £3000 in card sales a month. Don’t worry if you can’t meet this requirement, we’ll do our best to work with you to find a solution.

How much will it cost?

A merchant cash advance is a repayable short-term alternative to a traditional cash loan. Every business is unique, so pricing is unique. The cost is clear and simple: You agree a fixed percentage of your future card sales upfront and this doesn’t change.

Are there any fixed monthly payments?

There are no fixed monthly payments. It’s not a traditional cash loan, so there’s no fixed term and no APR. You only pay back a small percentage of your future credit and debit card sales.

Will the application affect my credit rating?

Some of the lenders we work with may do a credit check. However, all applications are assessed individually.

Is this a secured loan?

No, it’s an unsecured product so your assets are completely safe – there’s no worry.

How long will it take to get the advance?

This all depends on how fast the information is provided. On average it takes around 5 days after your application for the cash to reach your account. In some cases funds can be with you in less than 24 hours.

Do I need a card terminal?

Yes, your credit/debit card terminal is needed for you to pay back the money. The provider only takes a small percentage of future card sales.

How will I know how much of my advance I have paid off?

You will always be kept up to date with a monthly statement on how your repayment is going.

What can I spend the cash on?

You can spend it on whatever you like. The most popular uses are to buy in new stock or to refurbish business premises.

How can I apply?

You can apply online. Simply click one of the purple ‘Apply Now’ buttons that appear on each page of our website. This will take you to our quick and easy application form. Once you have filled in the details required (this shouldn’t take more than 60 seconds) simply submit the application – it’s that simple!

My business is a start-up, can you help?

Although your company must be trading for at least 3 months, we will do our best to help you.

Need help? Give our friendly team a call today:

Phone Icon 0800 133 7868

Lines are open Monday-Friday 9:00am-5:30pm

We’ve helped 1000’s of businesses like yours get the funding they need for:

  • Training new staff
  • Purchasing new stock or equipment
  • Refurbishing the premises
  • Helping with cash flow
  • Recruiting new staff
  • Building a website
  • Advertising
  • Relocation
  • Emergency repairs
  • and much, much more!

Is your business ready for a Merchant Cash Advance?