What is Merchant Cash Advance
365 Business Finance
Loan Amount: Between £10,000 and £400,000
Repayment Terms: Flexible, typically between 5% and 15% of your card sales
Application Speed: Same-day approval
Features:
- 90% approval rate
- Dedicated Relationship Manager
- Businesses with Poor Credit Rating are eligible
- Transparent On-Time Cost with No Hidden Charges
Eligibility:
- Businesses must be trading for at least 6 months
- Monthly card transactions should exceed £10,000
365 Business Finance is a UK-based company that focuses on small and medium businesses. Its financial product of Merchant Cash Advance is one of the best in the market and offers anywhere from £10,000 to £400,000 with a 90% approval rate. No business plans or security assets are required for businesses to secure a Merchant Cash Advance. The only set of requirements is that a business should have a trading history of over 6 months and its monthly card transaction volume should exceed £10,000. You also get to have a dedicated relationship manager assigned to you from the very start, who will be there in case of any issues or queries from your side.
Capify
Loan Amount: £5,000 – £500,000
Repayment Terms: Flexible
Application Speed: Same-day approval
Features:
- Dedicated account managers
- Option to renew MCA
- Can cater to weak credit scores
- Rated 4.5/5 on Trust Pilot
Eligibility:
- Businesses must be trading for at least 12 month
- Monthly card transactions should exceed £20,000
Since the financial crisis of 2008, Capify has been helping small and medium businesses in the UK navigate financial difficulties by offering simple and accessible financial solutions. It offers quick approvals for MCA requests with minimum paperwork required. With a 4.5/5 rating on Trust Pilot, it boasts a remarkable lending experience of over 15 years. A dedicated account manager will accompany you throughout the process. To apply for Capify MCA, you must run a UK-based business either as a sole trader, partnership or a limited company with a trading history of at least 12 months and your monthly card transactions should exceed £20,000.
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Liberis
Loan Amount: £1,000 – £1,000,000
Repayment Terms: Flexible
Application Speed: Same-day approval
Features:
- Rated 4.9/5 on Trust Pilot
- £1 billion+ in funds delivered
- Helped over 27,000 businesses and approved over 45,000 deals
Most accessible Merchant Cash Advance
Eligibility:
- Businesses must be trading for at least 4 month
- Monthly card transactions should exceed £1,000
Since its inception, Liberis has helped over 27,000 businesses and delivered £1 billion+ in funds. It has approved over 45,000 deals so far. Liberis has one of the easiest and most accessible MCA Solutions for small and medium enterprises in the UK. As an SME, you just need to be operating the business for over 4 months and have a turnover of £1,000 in monthly card transactions.
YouLend
Loan Amount: £3,000 to £1,000,000
Repayment Terms: Flexible
Application Speed: Same-day approval
Features:
- 4.8/5 rating on Trustpilot
- Approved 150,000+ funding requests
- No hidden fees
Eligibility:
- Businesses must be trading for at least 6 months
YouLend has closed over 150,000+ deals through its platform. It has over 3000+ 5-star reviews on Trust Pilot with an overall rating of 4.8. It boasts over 85% renewal rate with its merchant customers. It also has a global presence in more than 8 countries. Its online application process is simple and easy to follow.
Momenta Finance (Merchant Money)
Loan Amount: 120% of card transactions, ranging from £10,000 – £150,000
Repayment Terms: Flexible
Application Speed: Same-day approval. Funding within 48 hours
Features:
- Factor rate starting at 1.18 (18p)
Eligibility:
- Businesses must be trading for at least 6 months
- Monthly card transactions should exceed £10,000
- Rated 4.7/5 on Trust pilot
Momenta Finance (formerly known as Merchant Money) has been one of the top merchant cash advance providers in the United Kingdom since its inception in 2013. It has an excellent rating of 4.7/5 on Trust Pilo. Its merchant cash advance can be as much as 120% of your average monthly card transactions between the values of £10,000 and £150,000.
How to Choose Merchant Cash Advance Company?
Loan Amount: 120% of card transactions, ranging from £10,000 – £150,000
Repayment Terms: Flexible
Application Speed: Same-day approval. Funding within 48 hours
Features:
- Factor rate starting at 1.18 (18p)
Eligibility:
- Businesses must be trading for at least 6 months
- Monthly card transactions should exceed £10,000
- Rated 4.7/5 on Trust pilot
Momenta Finance (formerly known as Merchant Money) has been one of the top merchant cash advance providers in the United Kingdom since its inception in 2013. It has an excellent rating of 4.7/5 on Trust Pilo. Its merchant cash advance can be as much as 120% of your average monthly card transactions between the values of £10,000 and £150,000.
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