Merchant Cash Advance
Finance with flexibility! Looking for quick and flexible finance for your business? A Merchant Cash Advance could be just what you need. Approval is not based on collateral or credit history. Enjoy flexible repayment options that suit your schedule.
100+
100+ businesses trust mcl for simplicity and speed.
Why choose mcl
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.
Use cases
What can you use
business loans for?
Investing in new technology
Grabbing an unmissable opportunity
Bridging a funding gap
Fuelling growth and expansion
Managing cash flow
Business stories
We've already helped 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:
£250k
Offered in cash injections to support businesses around the UK.
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 company again.
Lilly Jones
,
Director, Jones Real Estate Limited
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.