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merchant cash advances

Unlike traditional loans, you only pay back a merchant cash advance when a sale is made using your card terminal.

Our automated software allows us to get your finance approved and paid faster than other UK lenders.  

Apply to get a merchant cash advance online and borrow up to £250,000, with rates starting at just 1% per month.

 

Check whether you'll be accepted 

See what offers you are eligible to receive.

This will not impact your credit score.

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merchant cash advance lenders

Credit score not affected

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Funds in as little as 4 hours

merchant cash advance loans

Loans from 5.5%

 

 

merchant cash advance uk

Over £100 million funded for small businesses.

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 How to Get Funded

 

  • quick business loan application

  • Quoted

    Apply for a business loan quote in under 2 mins.

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  • how does merchant cash advance work

  • Approved

    Get an instant and fair credit decision in an instant.

  • merchant cash advance loan

  • Signed

    The documents can be signed from any device.

  • quick business loan

  • Received

    Business loans are funded to your account the same day

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Three Simple Steps to Apply

 

Upload

Upload documents securely to support your business loan application

Scan

Perform easy ID verifications in seconds using our free business loan app

Chat

Access free chat support for any help you might need during your business loan process

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Why Apply for a Merchant Cash Advance With Us

 

24/7 merchant cash advance lenders

 

Business financing 24/7 

Access to our financial services is always available.

automated merchant cash advance

 

Fully Automated Process

Our quick business loans form offers instant decisions

tailored merchant cash advance

 

Business loans suited to you

Flexible business loan terms up to 5 years. No hidden fees.

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What is a Merchant Cash Advance?

A Merchant Cash Advance is a type of funding that provides working capital to businesses in exchange for a portion of future credit card sales. Merchant cash advances are often used by businesses that need quick access to cash and are unable to get traditional financing.

Merchant Cash Advance Example:

A business owner uses a merchant cash advance to purchase inventory or equipment or to cover the cost of renovations. The merchant cash advance, also known as a card machine loan, is paid back through a percentage of future credit card sales. The business owner sees growth in sales thanks to their investment, meaning the payment does not harm their cash flow.

Anticipate your revenue

It's important to anticipate expected income when taking out an advance. Overall, merchant cash advances can be a helpful way to get quick access to funding and may feel lower risk, however always factor in additional outgoings in your forecasts. 

 

What are the Benefits of a Merchant  Cash Advance?

There are several benefits of Merchant Cash Advances. One key advantage is that businesses only have to repay through sales. In addition, Merchant Cash Advances are fast and easy to obtain. Business owners can typically get funding within a few days and they do not have to go through a lengthy application process. An MCA can be a good option if you have a poor credit history as merchant loan companies look at your turnover rather than your credit rating.

 

How Do MCAs Differ from Normal Loans?

Merchant cash advances are a type of financing that allows businesses to borrow money based on their future credit and debit card sales. Unlike traditional bank loans, Merchant cash advances don't require regular monthly payments. Instead, the lenders collect a percentage of your daily credit card sales until the loan is paid back in full. This can be a great option for businesses with fluctuating or irregular income, as it gives them more flexibility in making repayments. Merchant lending is a good way of getting funded quickly, enquire with us today and you could have the money in your bank account within 24 hours.

 

How Easy Is It to Qualify for a Merchant Cash Advance?

Merchant cash advances can also be easier to qualify for than traditional loans, as they typically don't require a perfect credit file or extensive documentation. However, Merchant cash advances usually come with much higher interest rates than traditional loans, so it's important to compare options carefully before choosing a financing method.

 

Before You Apply for an MCA

We're automated, but it's always nice to know there's a real person behind the scenes to support your funding needs, so if you have any questions regarding Merchant cash advances or want to enquire, please don't hesitate to contact us before you apply.

Call 0800 086 9404 or Email Us
Office Hours are Monday to Fri 9:00 am - 5:30 pm

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merchant cash advance faq

Merchant Cash Advance FAQ

 

Can I repay my merchant cash advance early?

The answer depends on your average monthly card sales. Merchant cash advances are typically offered in amounts ranging from a few thousand pounds to several hundred thousand. So whether you're looking to finance a small project or expand your business, a merchant cash advance could be the right solution for you.

 

How long can I borrow merchant cash loans for?

Merchant cash advances can range from 1 month to 12, however, most are over 10 months. The amount borrowed is based on 1 month of credit card payments and debit card payments making it an affordable option.

 

Are there any fixed monthly repayments with MCAS?

A Merchant Cash Advance (MCA) is a type of business finance product that enables businesses to borrow money against their future sales. The key feature of an MCA is that there are no fixed monthly repayments; instead, the borrower repays the loan using a percentage of their credit and debit card sales. This makes MCA an attractive option for businesses that have irregular or seasonal income, as they only need to make repayments when they are generating sales.

 

Merchant cash advance vs A bank loan

Considering a merchant cash advance to grow your business? You're not alone - merchant cash advances are a popular financing option for small businesses. But how does a merchant cash advance compare to a more traditional bank loan?

Qualification:

For starters, merchant cash advances are typically easier to qualify for than bank loans. That's because merchant cash advance lenders focus on your business's overall sales, rather than your credit score. As long as your business is bringing in enough revenue, you'll likely be approved for a merchant cash advance.

Repayments:


Another key difference is the repayment structure. With a merchant cash advance, you repay the loan with a percentage of your daily credit card sales. This can be helpful if your business has unpredictable or seasonal sales - you simply repay more when business is booming and less when it's slow. With a bank loan, on the other hand, you'll have fixed monthly payments regardless of how well your business is doing.

Overall: 

So, which is the better option for you? It really depends on your unique circumstances. If you have bad credit or unpredictable income, a merchant cash advance may be the way to go. But if you need a lower interest rate and don't mind making fixed monthly payments, a bank loan could be the better choice.

 
0800 086 9404
36 Great Charles Street 
Birmingham
B3 3JY 

 

We are a credit broker and a lender.

Love Finance Limited, registered at 36 Great Charles Queensway, Birmingham, B3 3JY.

Company Register number 08103018.

We are authorised and Regulated by the Financial Conduct Authority. Our FCA registration number is 723310. You can check via www.register.fca.org.

We are registered with the ICO, ZA055061 and you can check via www.ico.org.uk.

We conduct both regulated and unregulated business and therefore not all products provided through us are regulated by the Financial Conduct Authority.

We may source finance from a panel of lenders. 

We may receive commissions that will vary depending on the lender, product, or other permissible factors. The nature of any commission model will be confirmed to you before you proceed.

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