Bg Line

Merchant Cash Advance

finance with flexibility

Apply for an MCA
Person Image
Icon 1

Advances

up to £100,000

Icon 1

Approval

within 24 hours

Icon 1

Repay as a % of

your card sales

What is a merchant cash advance?

Sometimes also called a business cash advance, a merchant cash advance is a quick and flexible form of finance based on your business’s expected credit card transactions.

Unlike with traditional business loans, approval for merchant cash advances is based on your business’s card transaction history and projected revenues, rather than just relying on credit scores or collateral. Lenders typically expect your business to have a trading history of at least six months and a monthly card transaction volume of no less than £5,000.

Merchant cash advances are ideal if your small business frequently processes credit card transactions and needs quick financial support, even within a single week. Once your application is approved, your business will receive the agreed amount of funding and settle it by dedicating a fraction of its customer card transactions.

You’ll be able to use the funds to support your business in whatever way it needs, whether that’s by enhancing cash flow, supporting daily operations or stimulating business expansion.

Line between columns

How an MCA
works

Apply for an MCA

Apply today in minutes

Begin by submitting some basic details about your business to check your eligibility. The process is quick and easy, setting you up to raise financing of up to 100% of your monthly card sales.

Apply for an MCA

Get approved

With support from a dedicated account manager, we’ll guide you through the process. Your business is evaluated based on what truly matters, like sales volume and cash flow, to help you secure the funds you need. Once approved, you’ll receive the financing in your bank account, often within just 24 hours.

Apply for an MCA

Get funded

Repay with ease—your repayments are tied to a small, flexible percentage of your future card sales, so you stay in control as your business grows.

Apply for an MCA

Benefits of a merchant cash advance

Apply for a business loan

We’ve already helped small businesses
like yours

We know how challenging life as a small business owner can be. That’s why we’re here to help you access the funding you need to focus your time and effort on the other things that matter. Here’s how we’ve helped customers already:

Your Image

When Covid-19 kicked in and the UK went into lockdown, so did access to loans. A broker referred me to mcl finance, who were happy to offer financial assistance. mcl finance is superb and quick! A few clicks on your phone, signing e-docs, direct debit completion, and the money is in your account the next day. I will definitely use this service again!

Lilly Jones, Director, Jones Real Estate Limited

Your Image

mcl finance was actually recommended to me by my bank manager. Obviously my bank had always backed me, but they just took so long to do it. Literally the same day after my application, I had the finance I needed. It was so fast, I’ve never known anything like it.

Charlotte Richards Founder & Managing Director,Talismanico Ltd.

How does a merchant cash advance work?

A merchant cash advance isn’t a loan. It’s an advance based on your future credit card sales. Once your application is approved, the provider offers you an upfront sum of cash. You automatically make the repayments as a percentage of your daily credit card sales, instead of fixed monthly payments. This means you pay back more during busy periods and less during slower times. This gives your business flexibility that aligns with your income.

Merchant cash advance example: Imagine your business needs £20,000 for an upgrade. After reviewing your credit card transactions, a provider offers this amount with a factor rate of 1.30, resulting in a total repayment of £26,000. If you agreed to return 10% of daily card sales and make £1,000 daily in card transactions, you’d automatically repay £100 daily. The advance gets fully paid back in approximately 260 days, given consistent sales.

Apply for an MCA
Business owner

Merchant cash advance FAQs

What can I use a merchant cash advance for?

Card processors we work with

Are there any other benefits of a merchant cash advance?