A merchant cash advance simplifies funding for businesses.
Merchant Cash Advance: Flexible Funding Made Simple
Access quick and flexible funding tailored to your business needs. A Merchant Cash Advance (MCA) provides upfront capital that is repaid through a percentage of your future card sales.
Effortless Repayment: Pay back automatically through a fixed percentage of card transactions.
Flexible Terms: Typical repayment periods span around 6 months, but they adapt to your sales.
No Fixed Monthly Payments: Repay based on your business performance.
Checking your eligibility won’t affect your credit score.
Simplifying Business Funding with Merchant Cash Advance
Merchant Cash Advance offers businesses a hassle-free way to secure funding, repaid flexibly through future customer card transactions.
Merchant Cash Advance is ideal for businesses seeking adaptable funding solutions tied to their performance, ensuring manageable and predictable repayments.
Loan Amount Calculation
Simple and Straightforward: Borrow an amount based on your monthly card sales turnover, ensuring the funding aligns with your business’s financial capabilities.
Repayment Structure
Effortless and Flexible: Repayments are deducted automatically from each card sale, typically around 10% of the transaction value.
Example of Repayment
If your business borrows £10,000 and agrees to a 10% repayment rate:
For a £100 customer card transaction, £10 (10%) is deducted.
This process continues seamlessly until the full advance is repaid.
FAQs
How quickly can I receive funds?
Once all required documents are submitted and approved, funds are typically available within 24 hours, ensuring minimal disruption to your operations.
Why is an MCA useful for businesses?
An MCA provides a fast and reliable cash injection, ideal for addressing cash flow issues, working capital needs, or stock purchases. Payments are aligned with your business’s performance, making it a highly adaptable financing solution.
Is Merchant Cash Advance suitable for seasonal businesses?
Absolutely. Since repayments fluctuate with your sales, seasonal businesses benefit from flexible payments during quieter periods.
What happens if business is slow?
With MCA, repayments are based on your card sales. If business slows down, repayment amounts decrease proportionally, ensuring affordability. This makes MCA an excellent option for seasonal or unpredictable businesses.
Can I repay early?
Yes, early repayment is possible. If your sales exceed predictions, your payments will align accordingly, allowing you to repay the advance faster without additional penalties.
How is the advance amount determined?
The amount you can borrow is based on your average monthly card sales turnover, ensuring the funding matches your financial activity.
What industries benefit most from MCA?
Industries with consistent card transactions, such as retail, hospitality, and e-commerce, find MCA particularly advantageous due to its seamless integration with their revenue streams.
Free Quote, Smooth Journey: How Ocean View Consultancy Works
At Ocean View Consultancy, we make securing business loans simple, fast, and stress-free.
Here's how it works:
Compare the Market: Access rates and terms from over 250 trusted lenders, ensuring you find the best funding option tailored to your needs.
Tailored Evaluation: Your business is assessed on meaningful metrics, such as cash flow and disposable income, giving you better approval chances.
Fast Approval: From application to funds in your account in as little as 24 hours.
We understand small businesses and are committed to presenting your business in the best possible light, giving you access to more options and greater flexibility.
Remeber!!! Checking your eligibility won’t affect your credit score.
Trusted Allies in Your Success
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Have questions about our services or need assistance with your loan application? We’d love to hear from you! Simply fill out the form below or reach out via email, and one of our dedicated team members will respond within 12 hours.
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It’s fast, free and it won't affect your business’ credit score.