A merchant cash advance is a type of limited company loan. With no APRs, interest rates or fixed monthly payments, repayments are automatically deducted from a small percentage of your debit and credit card sales. Typically, we can fund up to a 100% of your average monthly card sales. This means that if you process £10,000 per month, then you can receive up to £10,000 in funding.
Obtaining capital can be difficult for small businesses with little to no credit history or a poor credit score. Limited company loans may also require hard credit checks or security to access funds. If your business defaults, then your assets might be seized and sold to repay the business loan.
A merchant cash advance is an ideal alternative to limited company loans. There are no hard credit checks, and you don’t need to provide business plans or security to receive funding.
We offer a fast and easy online application process, with a funding decision within 24 hours. As there are no APRs, interest rates or fixed monthly payments, repayments are made through a small percentage of your future credit and debit card sales. This means you only repay when customers pay you.
We also provide a dedicated relationship manager to assist you with your funding application. Get a non-binding quote today.
To apply for a limited company loan like a merchant cash advance, your business must fulfil two simple requirements: you must be trading for 6 months and process at least £10,000 per month in credit and debit card sales.
Your business doesn’t need to be a limited company to qualify for a merchant cash advance. However, as a limited company, a merchant cash advance may be the ideal finance option for you.
Revenue is consistently increasing every quarter and your customers keep coming back. What should you do next?
We've seen a growing trend in the use of merchant cash advances by independent restaurants as a means to keep ahead of the competition and grow their business.
Barbers, beauty salons, vape stores, cafes and tearooms, along with restaurants and bars are the fastest growing retail sectors in the UK.