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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 finance.

What Is A Merchant Cash Advance?

When you take out a conventional 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. 

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An MCA is a lump sum paid to businesses that take payments by card, based on their average card sales and average gross turnover. This lump sum is repaid by giving us a pre-agreed percentage of your card sales at the end of each business day.

Why could an MCA be perfect for my business?

Repayments vary according to your turnover. If you’re making lots of card sales each day, then we take a slightly higher percentage of your card sales, meaning that your lump sum is repaid far more quickly. However, if you’re having a quieter month, we take a smaller percentage of your card sales, meaning that your repayment plan is totally flexible and never negatively affects your cash flow. 

Managing cash flow is vital for any business, but it is particularly important for businesses in the hospitality and retail sectors. If footfall isn’t high in your restaurant or your shop, the last thing you want is to have to make the agonising decision to let a member of staff go in order to pay that’s monthly loan repayment on time. Being unable to retain quality staff can lead a cash flow crisis to cause long-term damage to your business.

How do I apply for an MCA?

Contact our friendly team today to discuss how an MCA would work for your business. We need to know the average size of the transactions that you’re processing by card every day and your gross annual turnover.
Then we’ll be able to tell you whether your business is suitable for an MCA and how much we can advance you as a lump sum.

It is not uncommon for this sum to exceed 100% of a business’s average daily card transaction size. On approval, we can pay this cash into your account within days.

So repayments are only due when a business gets paid?

That’s right. If, for whatever reason, you don’t get paid on any given day (which can happen), we don’t get paid either. We’re committed to providing perfect finance for your business. Even if you’re going through a bit of a lull now, we know that you’ll turn it around and be enjoying far higher revenues in no time at all. That’s why our MCA repayment terms are totally bespoke to your business and move with the natural sales peaks and troughs that you go through every day.

Why Use AptPay?

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.

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.

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Location

 

AptPay     
Unit 115-119, Fort Dunlop   
Fort Parkway, Birmingham
B24 9FE 

© 2019. AptPay is a trading name of Premium Merchant Services Limited, registration number: 09976723 acting as an intermediary of the card payment provider and financial company. AptPay is not liable for any email correspondence, and email correspondence will not be binding legally, please seek independent advice. The registered address is Skn Business Centre, 1 Guildford Street, Birmingham, West Midlands, United Kingdom, B19 2HN