Merchant Cash Advance

For Small Businesses

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Merchant Cash Advance

Access £5k To £200k In 24 Hours – Pay Back Little By Little, Through Your Customers Card Transactions.

Advance Funding Are A Leading UK Based Business Funding Provider That Offer An Alternative Finance Solution Known As A Merchant Cash Advance.

  • No Security Or Business Plans Required
  • Approval Within 24 Hours. 90% Approval Rate
  • Apply For A Merchant Cash Advance In Minutes
  • Flexible Repayments Based On Your Card Sales

What is a Merchant Cash Advance?

A merchant cash advance is a type of financing in which a business sells a portion of its future credit card sales in exchange for a lump sum of cash upfront.

The lender provides the business with a cash advance, and the business agrees to repay the advance by allowing the lender to collect a percentage of its daily card sales until the advance is paid in full.

The lender typically charges a fee for providing the cash advance, which is typically expressed as a factor rate, which is then applied to the amount of the advance to determine the total amount the business will need to pay back.

The typical repayment timescale for a merchant cash advance is anything from 6 to 9 months, but dependent on the businesses history it can be as long as 18 months.

Once a positive repayment history has been demonstrated, usually about half way though the repayment process, the business can apply to gain new funding. This allows for the amount that is borrowed and an extension of the term.

Unlike traditional bank funding, merchant cash advances have no interest rates set, just one simple repayment amount. One of the great aspects of this type of short term business funding is there are no hidden fees, it is a perfect solution for businesses looking for additional funding.

A merchant cash advance is the ideal alternative to high street business loans, it allows business owners to expand their payment terms, helps them with cash flow and also helps them grow their business, these are just a few of the benefits with a cash advance.

How much could I borrow?

Typically, most advance amounts can range between £2,500 and £300,000. The amount of money your business can borrow will depend on your average monthly card turnover. The more sales you process, the larger the cash advance you can receive.

Is a merchant cash advance the same as a business cash advance?

Yes, it is. Both terms merchant cash advance and business cash advance are commonly used to describe the same business funding product.

How can I get a merchant cash advance?

If you decide that a merchant cash advance is the right product for your business, it’s important to ensure you find a suitable lender who will give you the best offer.

When you are ready, simply complete our online form…

What are the benefits of a merchant cash advance?

A merchant cash advance offers several advantages to UK SMEs. As it increases in popularity, more and more businesses are opting for this innovative funding solution. The benefits of business cash advances include:

  • Flexible payments based on future credit and debit card sales
  • Receive fast access to cash for your business
  • No interest charged on the money borrowed
  • All business credit scores are considered
  • Less risk of defaulting on repayments

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