Merchant Cash Advance

Applying is free and it won’t impact your credit

Merchant Cash Advance is when a lender offers you a lump sum in advance and, with a previously agreed percentage of your daily business gross income, lender collects repayments.

Loan Amount

$5 – $250k

Time To Funds

Fast

Loan Term

1 – 2 Months

Interest Rate

Usually 20%

Advantages:

  • Fast and simple online application process
  • Instant cash injection – funds available within days
  • Flexible repayments based on your business cash flow – no fixed interest payments or repayment schedule, with repayments made as an agreed percentage of sales.

❌ Disadvantages:

  • Available only to businesses making daily debit or credit card sales e.g. retailers, restaurants…
  • Sales history must be provided by the business to guarantee repayments
  • Considerably more expensive than other financing options
  • No regulation on lenders, so terms and conditions can be complex