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Paying with a Phone

Merchant Cash Advance

A merchant cash advance is a type of business funding that is designed to help businesses gain access to the cash they need in a flexible way. The lender provides the business with a sum of money which it pays back through a percentage of its customers' card payments.

Specifics

  • Useful funding solution for businesses with no or few assets, as well as those who require capital for growth but have a limited credit history. 

  • Usually repayments are made as a percentage of revenue. That means when things are going well, you pay more back each month, but if the business is going through a lean period you’ll pay a smaller amount. 

Can i get it?

  • Any business that receives payment via a card terminal can get a merchant cash advance

  • There’s no need for credit checks or a detailed look into your accounts

  • Many lenders only work with specific terminal providers, which means your choice might be limited depending on the provider you currently use. However, there are some who work with a wide range of terminal providers

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Benefits

Swift and efficient acceptance

Possible to get other types of finance for your business at the same time

Pay as you grow

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