MERCHANT CASH ADVANCE
WE TAILORED OUR STYLE FOR ALL MERCHANTS
Merchant cash advances (MCAs) are one of the most innovative products in alternative business finance. The concept has only existed for a few years, but it’s already proving very popular in the retail and leisure sectors. Put simply, an MCA uses your card terminal as security for borrowing — perfect for businesses without many assets, but who have a good volume of card transactions every month such as retailers and pubs/restaurants.
Repayments are taken directly from the terminal provider and are taken as a percentage of card takings, meaning it is perfect for seasonal businesses as you repay a percentage of sales as opposed to a fixed amount.
THE BENEFITS
- Frees up other forms of finance. Because no assets are used, it allows a business to use those other assets for additional forms of finance
- Whilst other forms of finance can only be accessed with 2 years+ trading, you can obtain an MCA much more quickly
- Repayments taken directly from the terminal provider so you never see the money in your bank account so never miss it
- Flexible in that repayments are in line with sales