What Is a Merchant Cash Advance?
A Merchant Cash Advance is a financing solution where businesses receive a lump sum upfront and repay it through a percentage of their daily card sales. This type of funding is particularly suited to businesses with regular card transactions, such as retail, hospitality, and service industries.
Key benefits include:
- Quick access to funding
- Repayments that adjust to your cash flow
- No fixed repayment schedules
- Suitable for businesses with limited assets
Key Features of a Merchant Cash Advance
Unlike traditional loans, a Merchant Cash Advance does not involve fixed monthly repayments. Instead, repayments flex with your card sales, making it a convenient option for businesses with seasonal or fluctuating revenue.
- Advance amounts ranging from £10,000 to £500,000
- Repayments based on a percentage of daily card takings
- No need for traditional security or assets
- Simple and fast application process
- Ideal for businesses with consistent card sales