Merchant Cash Advance

Flexible funding repaid as a percentage of your daily card sales, ideal for managing seasonal cashflow.

We identify the right lenders based on your turnover and card sales.
Once approved, funds are released quickly for you to use as needed.
Repay automatically as a percentage of daily sales, adjusting with your cashflow.
Unlock funding today, with easy repayments from your daily card sales - ask NorthFunding about MCA.

Merchant Cash Advance (MCA)

Borrow against future business sales. The more successfully you generate revenue via card sales, the quicker you repay your loan.

Typical funding amounts?

£5,000 - £1,000,000

Repayments & Fees?

Daily repayments, usually 10-25% of your daily card sales.

The interest cost is expressed as a 'factor rate' (a flat rate that is applied to the borrowing amount) rather than a traditional interest rate.

The factor rate is generally 1.1 - 1.45 for the initial amount borrowed e.g. if you borrow £10000 at a factor rate of 1.1, you'd repay a % of your card sales until £11,000 was repaid.

Eligibility & Security?

MCA loans are perfect for businesses taking at least £10,000 per month via cards transactions, but it's a great way for businesses with lower credit scores or less assets to borrow money.

Director Guarantees are sometimes required, occasionally Company Debentures.