A merchant cash advance is a way for small businesses to raise finance against their future credit card sales. Merchant cash advances can be a quick and secure way of raising capital for your business. Because you are using your credit card transactions to get funding, it means you can pay back in the short term, through future card sales. Capitalise have the network and knowledge to quickly find the most suitable lender - matched to your business's specific needs.
A merchant cash advance offers short payment terms with small, regular repayments. It can be used for anything from improving your company's cash flow to recruiting new staff members. What you do with your new capital is up to you. Businesses that operate in the retail, service and hospitality sectors are ideal candidates for merchant cash advance - although any business that has regular credit/debit sales through their PDQ machine would be eligible. Use Capitalise to search, compare and find lenders who specialise in merchant cash advance.
A merchant cash advance is a short-term facility with flexilbility of terms around 4-9 months. Typically, a lender will get repaid by taking a small pre-agreed percentage of daily credit and debit card transactions until the funding has been paid back. The pre-arranged percentage works alongside the ebb and flow of your daily business sales so you only pay the lender when you get paid.
In most cases, you can receive payment in as little as 48 hours from completing our online application. Once you have submitted a funding search at capitalise.com, we’ll match your business with those lenders most likely to give you an offer. The lenders we work with specialise in Merchant Cash Advance so applications can be processed and approved very quickly.
You don’t really need much at all. Most lenders we work with will ask you to provide a proof of ID, 3 months worth of bank statements and your acquirer statements.
As a general rule, you can usually raise up to 150% of your average monthly card takings.