A merchant cash advance is an alternative way to fund your business. It is an unsecured cash injection which is repaid based on your businesses future credit and debit card sales.
The MCA provider will give you capital upfront and will deduct an agreed percentage (usually around 10%) from your future card sales until the advance is fully repaid.
It’s a very popular choice with all businesses that accept card payments such as Restaurants, Pubs, Salons, Hairdressers, MOT Service Centres, Independent Retailers, Hotels and B&Bs.
Key benefits include:
• Unsecured finance
• Get up to 85% of your average month’s income
• Payback as you earn
• Keep existing PDQ provider (Some may need for you to change)
• Quick and easy process
• Cash sales are safe