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.