Merchant Cash Advance
(MCA)

Acquire a small business loan based upon your monthly sales.
Business Finance Team

Benefits of a Merchant Cash Advance (MCA).

In today's fast-paced business world, access to quick and flexible financing solutions can make all the difference. One such option gaining popularity among small and medium-sized businesses is the Merchant Cash Advance (MCA).

What is a Merchant Cash Advance (MCA)?
A Merchant Cash Advance, often abbreviated as MCA, is a financial solution designed to provide businesses with immediate capital. Unlike traditional loans, MCAs are not based on credit scores or collateral but rather on the strength of a business's daily card sales and overall revenue.

How does a Merchant Cash Advance work?
1️⃣ Application: To get started, you fill out a simple application detailing your business information, including your card sales history and monthly revenue.
2️⃣ Evaluation: The MCA provider assesses your application and determines the amount of funding you qualify for based on your business's card sales.
3️⃣ Agreement: Once approved, you and the MCA provider agree on the terms of the advance, including the repayment structure and the factor rate.

4️⃣ Repayment: Repayment occurs through a portion of your daily credit card sales. The MCA provider deducts a fixed percentage until the advance, along with fees, is fully paid off.

Benefits of a Merchant Cash Advance:
1️⃣ Quick Access to Capital: MCAs offer a swift funding solution, often providing funds within days, helping businesses seize growth opportunities or address unexpected expenses promptly.
2️⃣ No Collateral or Credit Check: Unlike traditional loans, MCAs do not require collateral or stringent credit checks, making them accessible to a wider range of businesses.
3️⃣ Flexible Repayment: Repayment is linked to daily card sales (up to 20%), allowing for flexibility during slower business periods.
4️⃣ Simple Application Process: The application process for MCAs is less complex than traditional loans, saving you time and paperwork.
5️⃣ High Approval Rates: Businesses with consistent credit card sales history have a higher likelihood of approval.

Merchant Cash Advances are a valuable financial tool for businesses seeking quick access to capital without the hurdles of traditional loans. They offer flexibility, accessibility, and a speedy approval process, making them a viable option for businesses looking to grow or address financial challenges.

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Eligibility

Turnover

Unless you are a new start-up company, the minimum turnover most lenders will deal with is £100,000 turnover.

Trading History

With an MCA - businesses who have a consistent turnover for a min of 6-months can usually qualify.

UK Registered Businesses

Due to us dealing with UK Based Lenders, we can only find funding solutions for UK Registered Businesses.

FAQs

How much will a Merchant Cash Advance cost?
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A Merchant Cash Advance requires a return on the only the amount of funds received, and a small interest (%) fee will be added to your figure to pay back.

Am I eligible for a Merchant Cash Advance?
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Eligibility varies largely from lender to lender, with some much more flexible, some much less.

If you don’t meet this criteria it isn’t the end of the road, other funding options are available, and this can be discussed with one of our consultants.

How long does it take to arrange a Merchant Cash Advance?
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A Merchant Cash Advance can be arranged very quickly for your business. It works similarly to a Business Loan, meaning it can be processed within a week in some cases.

How much money can I get through a Merchant Cash Advance?
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A Merchant Cash Advance loans funds against your monthly gross sales, meaning as much money as you can make, you can access. Once you have drawn down once, your cash flow will increase, therefore possibly allowing you to borrow more in the future.

Why choose Spark Finance?
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We are not your average broker. We strive to find you the perfect funding facility for your business, in the easiest way possible. We designate a member of our team of specialist finance consultants to you, walking you through the entire process until the funds are in your hands.

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Disclaimer: Spark Finance Ltd (Registered office - 18 John Stow House, London, England, EC3A 7JB, Registered Number 10128297) helps UK firms access business finance. Spark is a credit broker, not a lender. Any quotes provided are for information purposes only and subject to status and separate lender terms and conditions. Applicants must be aged 18 and over.  Guarantees and Indemnities may be required.  Spark Finance may receive commission from lenders.  Spark Finance Ltd is authorised and regulated by the Financial Conduct Authority in the UK (FRN 958123).
© Spark Finance Ltd is authorised and regulated by the Financial Conduct Authority (FCA) in the UK. Their reference number is 958123, and you can use that to find them on the FCA register.