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Merchant Cash Advance

Access Funds Faster with Merchant Cash Advance (MCA)

MCA provides businesses with quick and easy access to capital without the need for collateral or a lengthy application process, allowing you to address your financial needs and capture growth opportunities with ease.

£ 10,000
1.25
£ 20,000
20%

Calculator results are estimates only and exact payment terms should be agreed with a lender before taking out a loan.

Total
repayment
£
12,500
Daily
repayment
£
133.33
Repaid in
94 
days

Receive from £2,500 - £1,000,000

Quote & Funding in 48hrs

No Interest or Hidden Fees

How does cash advance work?

1. Decide how much funding you require

use our online calculator, or speak to one of our merchant specialists about how much funding you require and what rate you want to pay it back.

2. Agree your repayment and duration plan

We will contact our funding partner and send you a detailed quotation within the next 24 hours. Once you review and approve the terms we will set up the agreement and you can expect access to the funds within 24 hours!

3. Make repayments as you earn

The agreed payment % will automatically be taken from the future sales processed on your card terminal machine. Meaning you only repay when you earn!

FCA Approved Business Cash Advance - Exploring Funding Options at Switch365
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Switch365 - Merchant Cash Advance
Opportunities

Unlock Business Capital With Merchant Cash Advance!

MCA: The Key Solution for Maintaining Business Cash Flow

Merchant Cash Advance (MCA) is a type of financing for businesses where a lump sum amount of cash is provided in exchange for a percentage of future sales. The repayment is made through a percentage of the daily or weekly sales until the full amount plus fees is repaid. MCA can help businesses by providing quick access to capital without the need for collateral or a lengthy application process.

This alternative financing option is ideal for businesses that may not qualify for traditional loans or lines of credit. MCA releases cash flow and allows businesses to invest in growth opportunities, such as expanding their product line or hiring more employees. Additionally, MCA is a flexible financing option that adjusts to the business's sales, meaning that the repayment amount is based on a percentage of future sales, rather than a fixed amount.

How would you spend your funding?

Government-Backed & FCA Approved!

Merchant Cash Advance (MCA) is a type of financing that is not only convenient and accessible, but it is also supported by the British Business Bank, a government-owned economic development bank, which aims to improve access to finance for small and medium-sized businesses.

In addition, MCA providers are also regulated by the Financial Conduct Authority (FCA), ensuring that businesses are protected and treated fairly. This government backing and FCA regulation make MCA a trustworthy and reliable financing option for businesses looking to quickly access capital without the hassle of traditional loans or lines of credit.

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Answers

Frequently Asked Questions

What is a Merchant Cash Advance (MCA)?

A Merchant Cash Advance (MCA) is a type of financing where a lender advances a lump sum of money to a business in exchange for a percentage of the business's future sales. It's commonly used by small businesses that need quick access to capital to fund immediate expenses or growth opportunities.

How does a Merchant Cash Advance work?

The lender will provide a lump sum of cash to the business, which is typically repaid through a percentage of the business's daily credit and debit card sales. The repayment process continues until the advance is fully repaid, and the percentage of sales can vary depending on the agreement between the lender and the business.

What are the benefits of a Merchant Cash Advance?

Some benefits of a Merchant Cash Advance include quick access to capital, no collateral required, and flexible repayment terms based on the business's sales. Additionally, the application process is often quick and easy, and credit requirements may be less stringent than with traditional loans.

What are the drawbacks of a Merchant Cash Advance?

Some drawbacks of a Merchant Cash Advance include higher fees and interest rates compared to traditional loans, potential for long-term debt, and the possibility of cash flow problems if sales decrease. Additionally, some businesses may find the repayment process to be burdensome, as it involves a percentage of daily sales rather than a fixed monthly payment.

Who is eligible for a Merchant Cash Advance?

Eligibility requirements vary depending on the lender, but most lenders consider factors such as the business's credit score, length of time in operation, and monthly sales volume. Some lenders may also require collateral or a personal guarantee from the business owner.

What are the requirements for a Cash Advance?

  Business must be trading in the UK.

  Processing card payments for over 4 months.

  Taking a minimum of £2,500 a month in card sales.

How much funding can I receive with a Merchant Cash Advance?

The amount of funding available through a Merchant Cash Advance varies depending on the lender and the business's sales volume. Speak to the team at Switch365 to find out more!

How long does it take to receive funding with a Merchant Cash Advance?

The time it takes to receive funding with a Merchant Cash Advance depends on when funding is approved, from this point it should take up to 24 hours. Generally it takes up to 48 hours to be approved and receive funding.

How do I apply for a Merchant Cash Advance?

The application process for a Merchant Cash Advance typically involves submitting an online application, providing documentation such as bank statements and credit card processing statements, and completing a credit check. Some lenders may require additional documentation or information depending on the business's circumstances.