Compare Merchant Cash Advances

  • Merchant cash advances are designed for businesses that need an advance on their projected card sales
  • Below we compare a selection of specialist business finance provider that offer merchant cash advances to UK companies
  • Compare amounts and terms available and apply direct today
4 products found
  • Swoop Funding Merchant Cash Advance logo
    Broker

    Swoop Funding Merchant Cash Advance

    • Access an unsecured advance of cash based on your future credit and debit card sales, not business profits
    • Only available to businesses that take card payments
    • Use for any business purpose
    • Minimum Turnover
      £25,000 p.a.
    • Available Amounts
      £2,500 to £500,000
    • Available Terms
      1 month to 1 year
  • Funding Xchange Merchant Cash Advance logo
    Broker

    Funding Xchange Merchant Cash Advance

    • Discover instant & personalised Cash Advance offers in just 3 minutes
    • A flexible way to raise working capital for your business
    • Repayments are based on your credit & debit card sales
    • Minimum Turnover
      £100,000 p.a.
    • Available Amounts
      £1,000 to £250,000
    • Available Terms
      1 month to 5 years
  • 365 Business Finance Merchant Cash Advance logo

    365 Business Finance Merchant Cash Advance

    • A flexible business funding alternative
    • Pay back an affordable % of your card transactions
    • No security or business plan required
    • Minimum Turnover
      £5,000+ card transactions per month
    • Available Amounts
      £5,000 to £200,000
    • Available Terms
      4 to 18 months
  • iwoca Merchant Cash Advance logo

    iwoca Merchant Cash Advance

    • Get up to £50,000 for your business with a 24 hour decision
    • Tailor your loan how you like it by choosing a percentage of your revenue to repay each month
    • You won’t pay any interest but there is a simple, fixed fee
    • Minimum Turnover
      £12,000 p.a.
    • Available Amounts
      £1,000 to £50,000
    • Available Terms
      1 month to 2 years
  • Suppliers that don't offer Merchant Cash Advances but may offer suitable alternatives:

    • Puzzle Funding logo
      Broker

      Puzzle Funding

      • Free service matches your business with over 100 lenders in seconds
      • Apply in 3 minutes and get funds in as little as 1 hour
      • High acceptance rate
      • Minimum Turnover
        £100,000 p.a.
      • Available Amounts
        £1,000 to £15,000,000
      • Available Terms
        1 month to 25 years
    • Funding Circle logo

      Funding Circle

      • Your business must have a minimum of 2 years’ trading history
      • A leading UK platform for Small Business Loans
      • Simple online application and decisions in as little as 1 hour
      • Rates from 2.9% to 12.1% per year - No early settlement fees
      • Minimum Turnover
        No minimum
      • Available Amounts
        £10,000 to £500,000
      • Available Terms
        2 to 6 years
    • Nationwide Finance Business Finance logo

      Nationwide Finance Business Finance

      • Nationwide Finance help 35,000 businesses get finance each year
      • Direct funder - not a broker
      • Same day decision, funds within 48 hours
      • Minimum Turnover
        No minimum
      • Available Amounts
        £10,000 to £500,000
      • Available Terms
        1 to 5 years
    • NatWest Rapid Cash - Invoice Finance logo

      NatWest Rapid Cash - Invoice Finance

      • Eligibility Criteria Apply
      • Rapid Cash is an innovative, high tech solution to business financing
      • Borrow against your unpaid invoices and get a flexible line of credit from £25,000 to £1 Million
      • You could be approved within 48 hours. Security and guarantee required. Fees may apply
      • Minimum Turnover
        £100,000 p.a.
      • Available Amounts
        £25,000 to £1,000,000
      • Available Terms
        No min/max terms
    • Fleximize logo

      Fleximize

      • Industry-leading flexibility - top-ups, repayment holidays, penalty-free early repayment, no set-up fees
      • Interest charged on reducing balance, not total loan amount - repay early and only pay for the time you had the loan
      • Apply online in five minutes, typically get a decision in 24 to 48 hours, receive funds the same day
      • Minimum Turnover
        £60,000 p.a.
      • Available Amounts
        £5,000 to £500,000
      • Available Terms
        1 month to 4 years
    • Capify logo

      Capify

      • Your business must have a minimum of 1 years trading history. No sole traders.
      • Capify loans are paid back in very small automated regular payment; either daily or weekly
      • A fast and easy business funding alternative for SMEs
      • Funds can be used for any business purpose, from managing cashflow through to improving technology
      • Minimum Turnover
        £120,000 p.a.
      • Available Amounts
        £5,000 to £500,000
      • Available Terms
        3 to 18 months
    • Cubefunder logo

      Cubefunder

      • 3+ months trading. Limited companies in England and Wales.
      • Fast and Flexible funding from £5,000 - £100,000 for Limited Companies within England and Wales
      • No penalties for Late payments or Early repayment
      • Apply and receive funds within 48 hours
      • Minimum Turnover
        £50,000 p.a.
      • Available Amounts
        £5,000 to £100,000
      • Available Terms
        3 months to 1 year

Our comparison service features a selection of providers from whom we receive commission. This table is initially ordered according to our commercial arrangements. You can use the options above the table to order it according to various criteria.

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Last updated on 16 November 2020.

Merchant Cash Advance FAQ

Merchant cash advances are a form of lump sum cash advance provided to businesses based on their projected card expenditure. If you are considering a merchant cash advance, our selection of frequently asked questions below will provide you with important information to aid you in making a decision - just click on the question headings for a concise, helpful answer.

What is a merchant cash advance?

A merchant cash advance is simply a lump sum cash advance provided to a business based on their projected charge and debit card sales. The amount borrowed must be repaid through daily deductions at a fixed percentage on all debit and credit card sales.

Merchant cash advance solutions are designed to work alongside the busy and quiet periods that are common in business, and are often considered to be ideal for companies that don't have many assets, but process many card transactions each month.

Can all businesses apply for a merchant cash advance?

Only businesses that accept credit and debit card payments are eligible for a merchant cash advance, and some companies may require you to prove that you typically bring in, or are expected to bring in a certain amount in card-based sales per month to secure your advance.

Do I need to pay an interest rate?

Because a merchant cash advance is not a loan, but an advance against your business assets, there is no principal or interest-based charge. Instead, the cost of getting your advance will be a set percentage fee of future transactions that is based on the risk factors that are evaluated when determining whether to approve your application.

How much of an advance can I get?

The amount of funding that you can get in a merchant cash advance will depend on the unique circumstances of your business. Typically, your advance will depend on the number of credit and debit card sales you are projected to receive. You will be able to talk through the financing options available to you with the lender you choose.

How much does it cost?

Merchant cash advances are short-term alternatives to traditional loans. Because each business is unique, the lender you work with will evaluate your circumstances and determine a pricing structure based on your company. Once a cost has been agreed, you will pay a fixed percentage of the money you receive through card payments to your lender.

How do I pay back an advance?

In a merchant cash advance, the agreed percentage of credit and debit card sales is automatically sent to your lender. This percentage will be forwarded with each transaction made until the entire amount due has been collected. For many businesses, this straight-forward process can help to eliminate the concerns of remembering to make payments each month.

What can I use a merchant cash advance for?

There are not usually any restrictions on what you will be able to spend your merchant cash advance on. As a business owner, you will be able to make decisions based on solutions that are required for your company to thrive. You can fund a variety of business needs, including paying taxes, marketing, expanding, remodelling, and more.

Will I need perfect credit for approval?

In some cases, business owners who don't have perfect credit scores will be able to receive funding in the form of a merchant cash advance, because these financial solutions are dependent on predicted card sales. However, you may find that your lender requires some form of security if you require large cash advances.

How can I apply for a merchant cash advance?

Applying for a merchant cash advance is usually a straightforward procedure that simply requires filling out a few forms providing information about your business and the money that you would like to access. Although application processes can differ from one lender to the next, most online applications are quick and simple.

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