5 Merchant Cash Advance FAQs Answered by the Experts
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5 Merchant Cash Advance FAQs Answered by the Experts

If you’ve never heard of a Merchant Cash Advance before, we’ve got you covered. The MCA is a business finance solution that can turn your plans into reality, and it’s designed to be easy to apply for, repay, and renew.

Need a bit more info? The business finance experts at Capify have answered some of their most asked questions to help clarify a few things.

  1. How much can I raise?

You can raise from £3,500 to over £500,000, depending on your average monthly turnover.

To qualify, you need to:

  • Run a UK-based business either as a sole trader, in partnership, or as a limited company.
  • Take at least £3,500 each month in card payments.
  • Have at least 6 months of trading records. 
  1. What can I spend the Merchant Cash Advance on?

Pretty much whatever you want! If it benefits your business, go for it. Most small businesses raising finance with Capify spend their advance on refurbishment, new equipment, valuable stock, staff training, and other essentials.

Bursting with ideas? Find out more about the Merchant Cash Advance and how it can help you grow your small business.

  1. Who is Capify?

We’re a business finance company trusted by thousands of small businesses around the UK. We focus on flexibility, excellent customer service, and funding solutions that work.

Our Trustpilot reviews speak for themselves! 89% of reviewing customers rated our service as ‘Excellent’.

  1. How do repayments work?

The Merchant Cash Advance has a unique repayment plan. Instead of making large monthly repayments, a small percentage of your credit and debit card transactions will be taken. If you don’t take any payments, or you’re closed on a particular day, you won’t repay a penny.

Key facts:

  • Repay a small percentage of your card takings every working day.
  • It’s all automatic – you don’t need to do anything!
  • Raise more finance once 60% has been repaid.
  1. Is it easy to apply? How long does it take?

We’ve cut down on the admin because we know it doesn’t do our customers any favours.

You can apply for the Merchant Cash Advance easily over the phone.

You’ll speak to your own dedicated account manager, based in our south Manchester office. They’ll answer all your questions, guide you through the process, and personally take care of your application from the first phone call to getting your cash.

Key facts:

  • Personal UK-based account manager
  • Apply easily over the phone.
  • If you’re successful, you’ll receive your cash in a few days!

The Merchant Cash Advance is fast, reliable and flexible. Thousands of small business owners agree!

Get a quick quote and find out how much you could raise for your small business.

Get A Quote