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Paying off your Merchant Cash Advance early

Looking to grow your business? Or just need a little extra working capital to keep your business moving? 

Our small business loans are available between £5,000 – £3,000,000 for almost any purpose.

We’re not a bank. Our lending criteria is different, and we look at more than just your credit profile.

Check your eligibility online in just two minutes, with no impact on your credit score, and you could receive your funds in as little as 24 hours.

How does the business loan work?

Unlike a traditional loan, Capify’s is paid back in very small amounts regularly. The repayments are completely automated so you don’t need to do anything. Many business owners love our regular payments, because they don’t have to save a large amount by a fixed date each month.

To be eligible for a business loan, you'll need to:

  • Turnover >£10,000 per month
  • Have at least 12 months’ trading records

The benefits of a Capify business loan

  • Raise from £5,000 - £3,000,000
  • Pay back little and often
  • No monthly lump sum
  • Opportunity to raise more funds

Everything a small business needs to know about paying off an MCA early

The Merchant Cash Advance helps small businesses grow fast. With an injection of funds, you can invest in brand new equipment, give your staff the best training, renovate, or even knock down walls and build extensions.

This can help you serve more customers, develop your brands, and introduce brand new services.

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Small, manageable repayments

The Merchant Cash Advance is perfect for retail businesses, salons, restaurants, bars, hotels, and more. Every time cash comes into your business through card payments, a small percentage will be taken as repayment. If you’re closed one day, you won’t repay a penny.

This is business finance that works with your cash flow, not against it.

Raise more cash when you’re ready

When 60% of your original Merchant Cash Advance has been repaid, you can raise more cash for your next small business project, big or small.

Business development and growth is an ongoing process – you’ll need to keep investing in training, renovation and stock going forward. When you’re ready to raise more funds, Capify can provide another Merchant Cash Advance so you’ll have the funds to grow even more.

To find out more about early repayment options, talk to the Capify account management team.

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