We understand the challenges businesses face when in need of quick financial support.
If you have been trading for at least 3 months, take payments using a card terminal and turnover £5,000 per month, you could be eligible for a Merchant Cash Advance.
What is a Merchant Cash Advance?
A Merchant Cash Advance (MCA) is a type of alternative business financing that provides businesses with a lump sum of capital in exchange for a fixed percentage of their future credit and debit card sales.
Unlike traditional loans, an MCA is not based on fixed monthly payments or interest rates. Instead, repayments are automatically deducted from the business’s card transactions, making it a more flexible and cash flow-friendly financing option.
Benefits of Merchant Cash Advance:
Merchant Cash Advances (MCAs) provide numerous advantages over traditional loans. Primarily, they deliver rapid access to capital, proving crucial for businesses requiring funds in a short time frame. Also, MCAs feature adaptable repayment structures that accommodate fluctuating cash flow. This allows businesses to sustain their financial well-being and manage resources effectively.
Why choose Funding Pool for Merchant Cash Advance loans?
At Funding Pool, we recognise the significance of obtaining funds when required, which is why we collaborate with various lenders offering Merchant Cash Advances. We can assist you in finding the most suitable advance for your business. Featuring competitive costs and adaptable repayment plans, ensuring efficient cash flow management and seamless business operations.
Benefits of Merchant Cash Advance:
Merchant Cash Advances (MCAs) provide numerous advantages over traditional loans. Primarily, they deliver rapid access to capital, proving crucial for businesses requiring funds in a short time frame. Also, MCAs feature adaptable repayment structures that accommodate fluctuating cash flow. This allows businesses to sustain their financial well-being and manage resources effectively.
Why choose Funding Pool for Merchant Cash Advance loans?
At Funding Pool, we recognise the significance of obtaining funds when required, which is why we collaborate with various lenders offering Merchant Cash Advances. We can assist you in finding the most suitable advance for your business. Featuring competitive costs and adaptable repayment plans, ensuring efficient cash flow management and seamless business operations.
How does the application process work?
To start your Merchant Cash Advance loan application, just complete our online form. We’ll ask for some basic information about your business, including financial performance and credit history. From there, we’ll show you offers from lenders who offer MCAs that are appropriate for your needs.
What are the eligibility criteria for Merchant Cash Advances?
Typically, the eligibility criteria for Merchant Cash Advances may vary based on the specific lender and loan type. Generally, lenders prefer businesses with a strong credit history, positive cash flow, and a well-defined business plan.
In addition, you may need to provide supporting documentation such as financial statements to complete your application. Don’t worry though, we’ll help you understand the specific requirements of each lender and ensure you have the necessary documents to apply.
What are the interest rates and repayment terms for Merchant Cash Advances?
Merchant Cash Advances offer a range of repayment solutions to support your business’s stability. Depending on the provider and MCA type, repayment terms can be based on a percentage of your daily or monthly card sales. Costs might be higher compared to traditional loans due to the associated risk for the lender, but our extensive network of lenders guarantees you a range of choices with competitive pricing and adaptable repayment structures.
How quickly can I get access to funds?
Merchant Cash Advances are tailored to provide swift access to capital, frequently with same-day or next-day funding, although the time required to obtain funds may vary depending on the lender and the specific advance. We make it easy to compare MCA options and apply, enabling you to secure the financing you need rapidly and effortlessly.
Ready to apply for a Merchant Cash Advance?
If you’re ready to apply for a Merchant Cash Advance, simply complete our online form.
If you have any questions, our team is here to help. Contact us by phone, email, or What’s App live chat to learn more about how we can help your business grow.
What are the interest rates and repayment terms for Merchant Cash Advances?
Merchant Cash Advances offer a range of repayment solutions to support your business’s stability. Depending on the provider and MCA type, repayment terms can be based on a percentage of your daily or monthly card sales. Costs might be higher compared to traditional loans due to the associated risk for the lender, but our extensive network of lenders guarantees you a range of choices with competitive pricing and adaptable repayment structures.
How quickly can I get access to funds?
Merchant Cash Advances are tailored to provide swift access to capital, frequently with same-day or next-day funding, although the time required to obtain funds may vary depending on the lender and the specific advance. We make it easy to compare MCA options and apply, enabling you to secure the financing you need rapidly and effortlessly.
Ready to apply for a Merchant Cash Advance?
If you’re ready to apply for a Merchant Cash Advance, simply complete our online form.
If you have any questions, our team is here to help. Contact us by phone, email, or What’s App live chat to learn more about how we can help your business grow.
