A Merchant Cash Advance (MCA) is a quick and simple alternative business finance solution for small businesses. As opposed to a regular cash loan with large monthly repayments, you instead pay a small percentage back through the credit and debit card transactions your business takes.
With the help of our Merchant Cash Advance, small businesses across the UK can secure the right funding to support their growth plans. Whether you’re looking to invest in new staff or even expand your premises, the MCA can help turn your plans into a reality.
What your accountant might say about our MCA
A Merchant Cash Advance may not be the right choice for every small business, but for many it’s the ideal solution to support future growth. It’s an amazingly popular product at Capify and over the last 10 years, we’ve helped thousands of businesses through every stage of the application process. Here, we’ve rounded up some of the reasons your accountant might suggest our MCA for your business…
- Quick and easy funding
We know that small businesses can often struggle to secure funding from banks due to strict approval processes. If you’ve been denied a business loan in the past, your accountant may suggest applying for a Merchant Cash Advance instead. The MCA can be a quick and more straightforward way to raise funds for your business, meaning the money with be in your account in just a few days.
Capify offers between £3,500 to over £500,000 to businesses across the UK who are looking to invest in their futures. You can easily apply over the phone and don’t need to worry about tonnes of admin. If your application is successful, then you’ll receive your cash in just a few days!
- Flexible repayments
Unlike a loan, the Merchant Cash Advance doesn’t require large monthly repayments. Instead, you will repay a small percentage of your credit and debit card transactions each day.
This unique repayment plan means you won’t be tied to payments your business can’t keep up with – repayments will adjust based on how well your business is doing. If you don’t take any card payments on a particular day, then you won’t pay a penny back that day. It’s a product that works with the peaks and troughs of your business.
- You won’t risk losing your assets
If you’re a small business owner, you’ll know that starting your own business comes with a huge number of challenges and risks. The MCA is an unsecured business loan, meaning that you don’t have to put up any collateral to obtain the funding.
This ensures business owners won’t lose any personal or business assets if they’re ever unable to repay the loan. A secured commercial business loan in comparison will require you to secure your loan against things like equipment, inventory or invoices.
How can a Merchant Cash advance help your business?
Thousands of small businesses across the UK have used our funding to support their growth plans. From investing in new technology to the refurbishment and renovation of premises, or even funding marketing campaigns, the cash raised from MCA could take your business to the next level.
If you’re looking to expand your business, then it’s important to seek professional advice, whether this means talking to your accountant or even seeking legal expertise. We’ve shared some more legal recommendations in our legal whitepaper ’Legal Hints and Tips for your Business.’