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If you’ve got exciting plans to grow your business, the Capify Merchant Cash Advance could be the perfect solution. It’s ideal for businesses who accept credit and debit card payments from their customers; like retailers, pubs, bars and restaurants.
Business owners are able to raise from £5,000 to £500,000 and the daily repayments are designed to not impact cash flow, making it a flexible finance option.
How does a Merchant Cash Advance work?
At the end of each working day, a small percentage of your credit and debit card takings will be paid towards your repayments. If you have a slow day, you won’t pay back much; on a busy day however, you’ll repay slightly more. It’s finance that doesn’t impact your cash flow.
The benefits of a Merchant Cash Advance
Raise £5,000 – £500,000+
Simple Repayments
Dedicated Account Managers
Opportunity to Renew
To be eligible for a Merchant Cash Advance, you'll need to:
- Run a UK-based business either as a sole trader, in partnership, or as a limited company
- Take at least £6,000 per month in card payments
- Have at least 6 month’s trading records
Grow your business with a Merchant Cash Advance
The Merchant Cash Advance is a simple way to raise money for your business and you can use the funds to make your plans a reality, whether that’s a refurbishment, a marketing campaign, or replacing a broken appliance. Many business owners also raise finance so they can pay for stock, invest in their staff’s education, and hire extra help during busy periods.
If you’re interested in finding out more about this product, please give us a call on 0800 151 0980.
Find out more...
Refurbishment and renovation
Decorate, invest in new furniture, or extend your premises to make room for more customers. Your business needs to evolve over time, and that includes the decor.
Business technology
Help your business run smoothly with best-in-class digital tools. Restaurants can turn table booking into a breeze, retailers can transform their stock ordering process, and any business with lots of admin can minimise time spent on paperwork.
Staff training and education
Give your team the best knowledge and skills training available. They’ll reward you with hard work and your customers will receive excellent service
Marketing and advertising
Whether it’s online or offline, launch a marketing strategy that brings in new, bigger audiences. With funds from the Merchant Cash Advance, you can get the help of a strategy expert, designer, or boost your budget.
Capify is proud to offer...
The personal touch
You’ll benefit from a dedicated account manager to guide you through the application process and answer all your questions.
UK Based support
We’re here to help. From our offices in South Manchester, we work with small businesses all over the UK.
Flexible Daily Repayments
Pay back the Merchant Cash Advance through your credit/debit card transactions, or make small regular payments to repay your loan.
The current economic climate means that many businesses face significant challenges when trying to borrow the additional capital they need to evolve and grow successfully. Whether you need additional cash to invest in more modern, efficient plant, or you’re looking to branch out in a fresh area and could do with some fresh stock, finding a lender can be difficult. A merchant cash advance could be the solution! Particularly suitable for smaller businesses or an enterprise that hasn’t been running that long, a merchant cash advance is a simple, versatile way of obtaining the borrowing your business needs to retain its upward trajectory.
One of the advantages of opting for a merchant cash advance in preference to more traditional loan types is the degree of flexibility it offers. MCAs are customised to suit the needs of almost any business. Most businesses are eligible, provided they provide a legitimate service and have a customer base who largely use a card terminal to process their payments. MCAs are suitable for businesses of almost any size and can be used by fresh, start-up enterprises as well as more established companies. The amount which can be borrowed can be adjusted to suit your needs, as can the repayment duration and the percentage of card sales which is taken as repayment each week or month. If you want a versatile, straight-forward cash advance, an MCR is often the best solution.
Merchant cash advance lenders offer a method of financing that’s suitable for a large assortment of different businesses. Because the terms are so flexible and the barriers to accessing a MCA are typically lower than those encountered when accessing more traditional forms of finance, MCA lenders offer a valuable service to businesses who may find obtaining funding from other sources a challenge. Particularly if your business has few assets, has only been operating a year or two or has a limited credit history, working with a merchant cash advance lender could give you the money you need to enable your business to grow.
When it comes to applying for a merchant cash advance, the process is normally pretty straight-forward and fast. Once an “in principle” decision is given, it’s just a case of submitting supporting documentation and returning the relevant paperwork; then the money can be transferred to your account. To speed up an application, make sure that you have all the supporting documentation you need ready in advance: this not only helps you decide how much you need to borrow and how much you need to repay, it limits delays further along in the application process.
loan is right for your business ?
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