Merchant Cash Advance

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  • Unsecured business funding from £2500
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  • Fast, simple & hassle-free
Supporting British Businesses
Meracco Card Machine

Some of our trusted Merchant Cash Advance lenders

Liberis
Capify
Liquid Finance
Ashley Finance
365 Business Finance
Merchant Loan Advance

A simple, secure, no obligation process

Step 1

1. Apply Online

Tell us a little about you and your business requirements.

Step 2

2. Get Quotes

You will receive no-obligation quotes from all of the leading providers.

Step 3

3. Compare

Compare your quotes and make a decision in your own time.

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What is a Merchant Cash Advance?

A Merchant Cash Advance is an unsecured finance solution for businesses that use a PDQ machine. It provides fast access to capital to help support cashflow, refurbishment, stock purchase and other business needs.

Pay back when you sell

Pay back when you sell

No asset security required

No asset security required

Quick access to funds

Quick access to funds

Flexible repayments

Flexible repayments

Pricing is unique to your business

The cost of a Merchant Cash Advance is bespoke to your business performance and affordability. You simply agree a payback percentage of your future credit card revenue that's comfortable to you. There's no APR2, no fixed terms or hidden costs and your cash sales are not affected.

Merchant Cash Advance Pricing

Example: A restaurant owner requires an advance to refurbish their business premises. Amount Needed: £15,000, Average Daily Cost¹: £60 (Remember this is not fixed and is flexible to your business revenue) Approximate Payback Time: 300 days, Total Cost of Advance: £18,000.

A Merchant cash advance enabled me to get the flexible finance I was looking for to help grow my business.

CAFE OWNER | LONDON

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Customer Support Area

If you can't find what you are looking for or need help then please contact our friendly team here

How much can my business borrow?

The amount you can borrow is based on how much your monthly card sales are, for example, if you generate an average of £10,000 per month your maximum loan amount would be anything up to £10,000, sometimes more. Our lenders can finance from £2500 up to a maximum of £500,000.

How long can my business borrow for?

A Merchant Cash Advance is a short term financial product and unlike a traditional business loan there is no fixed term. On average, it can take around 6-9 months to pay it back but it all depends on your business performance. On slower days you pay back less, and on good days you pay more - it works with your cash flow.

Will my business qualify?

To qualify, your business must be trading for at least 3 months with an average monthly credit and debit card turnover of at least £3,500.

What is the cost?

Each business is different and that's the same with a Merchant Cash Advance. The cost will be bespoke to your business performance and affordability. You simply agree a payback percentage of your future credit card revenue that's comfortable to you. There's no fixed terms and your cash sales are not affected. The costs are always made clear to you upfront.

Why is there no APR?

It’s not a traditional unsecured business loan, so there’s no fixed term and no APR. Merchant loan advance providers measure their fees as a factor rate. The advance amount you receive is multiplied by the factor rate to determine the total amount you will pay back.

Are there any fixed monthly payments?

Absolutely not, there's no fixed monthly payments - you simply agree to pay back a small percentage of your future daily card transactions until the loan is completely settled.

Are there any implications of late or non-payment?

As we're a broker, the lender will have their own policies for non-payment and therefore you must check the terms and conditions with the lender. If you have any problems making a payment you should contact the merchant cash advance provider directly.

Will it affect my credit rating if I apply?

We do not perform any credit checks but the lenders we introduce you to may perform credit checks from a major credit reporting bureau.

What are the collection practices?

As a broker, we are not involved with the collection practices. If you have any problems making a payment you should contact the provider directly. If you fail to resolve with the provider directly then your account may be referred to a collections agency.

What is your renewal policy?

We are not involved with the decision to renew your advance. Please read the loan agreement terms and conditions specified by the lender we match you with carefully. If you need to renew your loan, please contact the provider directly.

Get In Touch

Before contacting us, make sure you have checked out the FAQ section as this may have the answer that you are looking for.

03302 231 759

hello@meracco.co.uk

Suite 3, Broncoed House, Mold, CH7 1HP, UK.

Our team is available to respond to enquiries Monday to Friday 9am - 5pm.

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