Merchant Cash Advance in the UK

The Flexible Alternative to Business Loans

Every business is different, so every business needs different funding solutions. A Merchant Cash Advance (MCA) is a different type of financing. If your business uses card machines or takes online transactions, we can help provide you with a cash advance.

We have helped businesses across the UK with their business cash advance needs. Find out if you qualify in three easy steps:

1. Have you been running a business for 4-6 months minimum?
2. Do you turn over £10,000 in monthly turnover?
3. And you definitely use card machines or online transactions?

There is no catch. Our MCAs do not require any property, and even those with bad credit are considered. We have a 95% approval rate. To find out more, contact our team.

What is a Merchant Cash Advance?

When you take out a conventional business loan, you have to pay the same amount back each month, regardless of your cash flow. If you’ve had a disappointing month (which happens to every business) you still have to find the money at the end of the month to service your loan.

We understand that this can put business owners under huge and unnecessary stress, which is why our MCAs provide your business with easy, stress-free finance. 

How Does a Merchant Cash Advance Work?

A Merchant Cash Advance gives your business a lump sum of cash upfront in exchange for a small percentage of your future card sales. You receive the funds quickly, and repayments adjust automatically with your daily takings, so you only pay more when you earn more, and less when you don’t.

Check out our videos on Merchant Cash Advancing

Merchant Cash Advance vs Business Loan

Wondering what the right funding solution for your business is? Here’s an at-a-glance comparison to help you with that.

Looking for a small business loan with fixed interest rates and bespoke repayment terms tailored to your business? AptPay has just the solution for your SME.

Things to Consider When Applying for a Merchant Cash Advance

• Your Card Sales Volume: Merchant cash advance funding is based on your daily card transactions, so consistent sales help you qualify for a larger advance.
• Repayment Structure: Repayments are taken as a percentage of your card takings, great for flexibility, but they may take longer during quieter periods.
• Total Cost of the Advance: Merchant cash advances use a fixed fee instead of interest. Make sure you’re comfortable with the total repayment amount upfront.
• Impact on Cash Flow: As payments adjust with your sales, merchant cash advances can support cash flow, but it’s important to know how much you’ll be forwarding from each transaction.
• Business Suitability: Merchant cash advances work best for businesses with regular card payments, like retail, hospitality, and service-based companies.

Why use Merchant Cash Advance Services?

That way you’ll never have to worry about whether you’ll be able to make a repayment on time. You’ll be able to price the percentage of your card sales which you’ll repay as part of your MCA into your expenses immediately, to give you total peace of mind.

We have helped businesses across the UK with their merchant cash advance. If you want to know how we can help you, get in touch with our team and we can arrange a meeting.

FAQ

How do I know if my business is eligible for a business cash advance?

Whether you are eligible for a merchant cash advance depends on a number of factors, including:

• Your business must have been trading using a card machine system for a set minimum period of time (usually 6 months)
• You meet the threshold for minimum turnover by cash terminal a month (usually £10,000)
• You are not currently repaying any other merchant cash advances

How much can I borrow?

The maximum amount you can borrow through a merchant cash advance depends on the average value of your monthly card transactions. You may be able to get up to 100% of the value of your credit and debit card sales.

How do I repay my merchant cash advance?

Our repayment plans for merchant cash advances are flexible, so you repay when you get paid by your clients. The rates are arranged based on the average card payments received by your business at the time of applying for funding.

Can I get a merchant cash advance if I have a bad credit score?

Yes, merchant cash advances don’t usually require a credit check. As long as you meet the minimum card payment value requirements, you should be able to get the funding you need.

What can I use a merchant cash advance for?

Merchant cash advances can be useful when you need funding to help you with:

• Buying stock
• Upgrading your commercial premises
• Funding large orders
• Improving cash flow
• Paying VAT or tax bills
• Buying new equipment
• Launching a marketing campaign

Due to its quick, easy and flexible nature, a business cash advance is the perfect tool to facilitate business growth when you need a small financial boost.

Are there any downsides to a merchant cash advance?

Since merchant cash advances are based on your taking credit and debit card payments, if you run a mostly cash or check-based payment system, this would not be a suitable option for you.

Also, if you wish to take a large amount of cash that greatly exceeds the money you make from card payments, you may want to consider a business loan instead. 

Is a merchant cash advance legal?

Yes, merchant cash advances are completely legal and widely used by businesses across the UK. They’re a legitimate form of alternative finance designed to help companies access funds quickly and flexibly.

Do cash advances hurt your credit score?

No, an MCA does not impact your personal credit score. Repayments are taken automatically from your card sales, and because it’s not a traditional loan, it doesn’t appear on your credit file.

How much does a merchant cash advance cost?

The cost of a merchant cash advance is based on a fixed fee agreed up front. There are no hidden charges, no compounding interest, and no penalties. You’ll always know exactly what you’ll repay before you accept the offer.