Merchant Cash Advance

Lenders advance an upfront amount, in exchange for repayments made as a percentage of your daily debit/credit card sales. Ideal for businesses with seasonal cashflow pressure and that take debit/credit card payments.
1. Complete applications with lenders that are right for your business, and are likely to approve you.
2. Once approved, drawdown funds and us them however needed for your business.
3. Repay the initial amount borrowed plus interest, from a % of your daily sales.
Unlock funding today, with easy repayments from your daily sales - ask NorthFunding about MCA.

Merchant Cash Advance (MCA)

Borrow against future business sales. The more successfully you generate revenue via card sales, the quicker you repay your loan.

Typical funding amounts?

£5,000 - £500,000

Repayments & Fees?

Daily repayments, usually 10-25% of your daily card sales.

The interest cost is expressed as a 'factor rate' (a flat rate that is applied to the borrowing amount) rather than a traditional interest rate.

The factor rate is generally 1.1 - 1.45 for the initial amount borrowed e.g. if you borrow £10000 at a factor rate of 1.1, you'd repay a % of your card sales until £11,000 was repaid.

Eligibility & Security?

MCA loans are perfect for businesses taking at least £10,000 per month via cards transactions, but it's a great way for businesses with lower credit scores or less assets to borrow money.

Director Guarantees are sometimes required, occasionally Company Debentures.