How does repayment work?
- Repayments are made automatically as a fixed percentage of your daily or weekly card or Direct Debit sales
- There are no fixed monthly payments-repayment adjusts with your sales volume
- The more you sell, the faster you repay; if sales slow, repayments decrease
How much do Merchant Cash Advances cost?
Instead of paying interest, you’ll pay a fixed fee agreed upfront—so you always know what you owe, with no hidden charges.
Repayments are taken as a percentage of your sales, meaning you repay as you earn: a bit more on busy days, a bit less on quieter ones.
The agreed fee doesn’t change, even if you repay early—although some providers may offer discounts for early settlement, so it’s worth checking.
What are the eligibility criteria for a Merchant Cash Advance?
- Trading history:
Most providers require at least 3–6 months of trading.
- Payment volume:
Minimum monthly card or Direct Debit payment volumes will vary by provider, with eligibility assessed on your sales history.
- Business type:
Any business with regular customer payments—whether through card or Direct Debit—can apply. This includes retailers, restaurants, salons, service providers, and more.
- Credit history:
There's less emphasis on your credit score. Providers focus more on your payment volume and trading stability.
Which businesses would benefit from a Merchant Cash Advance?
- Businesses with regular card or Direct Debit payments
- Companies needing fast, flexible funding
- Businesses with seasonal or fluctuating revenue streams
How do I apply for a Merchant Cash Advance?
- Complete a short online application with details of your business and payment volumes
- Approval is usually quick—often within 24–72 hours
- Funds are paid directly into your business bank account
A Merchant Cash Advance is a fast, flexible funding option for UK businesses with steady incoming payments—whether by card or Direct Debit. The cost is fixed and agreed upfront, so you’ll always know what you’re paying. Eligibility is based on sales performance rather than credit score. Always compare providers and check terms before applying