Merchant Cash Advance (MCA)
Merchant Cash Advance (MCA) for UK Businesses – Finance via Card Transactions
Using your card transaction sales history, you can secure borrowing to fuel reinvestment into your business by purchasing additional stock, cover expenses, or fast track your plans for expansion.
UK- Wide Coverage
Specialist Lenders
Lower Interest Rates
Managing Cash Flow
What is a Merchant Cash Advance (MCA)?
A merchant cash advance (MCA), is a loan based on your recent card sales transactions, and is available to any business that has taken card payments for at least three months. The MCA is repaid through a small percentage of future card sales until the balance is cleared.
Business finance for purchases, projects, or a cash flow boost
How It Works
You have a clear goal for your business, although you’re unsure how business finance works – as industry experts, allow us to help simplify the process to four easy steps
Can you help my Business?
We work with all types of businesses and will help with any requirement – here are the most commonly asked about scenarios, but if you’re unsure, please contact us to discuss.
We can help:
01.
Check your eligibility
Complete our online form in 60 seconds; we will review this immediately and present the options available.
02.
Underwriting
We will draft an appealing proposal and submit to the most suitable lender for your business and your requirement.
03.
Decision
We receive the offer and discuss it with you, to ensure it ticks your boxes and answer any questions you have.
04.
Funds are released
You will review and sign the agreement, and once returned, the funds will be released.
What our clients say about us
“I can’t recommend Tom highly enough. He’s been fantastic in helping us arrange finance for the business, including sorting our new van. From start to finish he’s been professional, friendly, and incredibly supportive – always going above and beyond to find the right deal and make the process as smooth as possible. It’s rare to find someone who genuinely cares about doing the best for their clients, but Tom absolutely does. A pleasure to work with and someone I’ll definitely continue to turn to in the future.”
Matt, Owner
Electrical Installation Company
“We highly recommend White Dove Business Finance. Tom is fantastic – always delivers, and makes the process simple and stress-free.
We’ve had multiple assets funded through him, and every time the service has been efficient, professional, and hassle-free. Couldn’t fault the experience – a solid 5-star service from us!”
Kaine, Owner
Windscreen Replacement Service
“As a newer company, formed in 2020, we initially struggled to secure finance at reasonable rates, that was until we made contact with Tom. He has been able to secure some excellent rates with a variety of lenders to address needs that have arisen in the business.
With his excellent attention to speed and customer service he has assisted us to finance vehicles and equipment to take on additional contracts, which have turned our small business into a substantial player in our market, our turnover has, thanks to his help, increased from £375k to £1.6m this year.
The funding he has secured have been the right fit for us and with our continued development I’m sure we will be working alongside Tom regularly, we have no hesitation in recommending Tom to others needing assistance or help.”
Steve, Owner
Bus Service Operator
How does an MCA work?
A Merchant Cash Advance, otherwise known as an MCA, is a type of loan available to businesses who take card payments. These card payments can be taken through a card terminal or an online payment platform, such as Stripe, Elavon or Just Eat.
The amount you can borrow is determined by you card transaction history, with just a minimum of three months of transactions to qualify. A fixed fee is added to the loan, rather than interest, with repayments being made through a small percentage deduction in future card sales until the loan is repaid
Need help finding the right finance solution For Your Business? Get in touch today
What can an MCA be used for?
An MCA can be used for any legitimate business purpose, as the loan will be deposited directly into your business bank account, to be used as you see fit.
Some great examples of how MCAs have been used in the past include:
Other Solutions
Here are some of our other solutions, learn how they can be used to achieve your business goals.
Asset Finance
Invest in equipment, machinery, or even office furniture, and spread the cost.
Business Loans
Borrow money for debt consolidation, cash flow, or general working capital.
Refinance
Release the equity tied up in your machinery, vehicles, and other assets.
Vehicle Finance
Explore the full market, rather than settle for the dealer’s finance offering.
f.a.q.
You have questions. wE have answers.
Below are our most frequently asked questions, but if you have something else to ask, please call one of our friendly experts on 01604 214101.
Whilst you will have more options available as a homeowner, we can certainly help tenants as well.
Yes, we can help new businesses, please call us to discuss the options available to you.
Yes, we have access to various funders who specialise in consolidating debt to make it more affordable.
No, we will never charge you for our services. We generate our income through commissions paid to us directly from the lender, if you decide to take out finance through us.
Provided we know what the poor credit relates to, this will help us to understand your circumstances and address any potential concerns up front with a lender; this helps when the finance proposal is being reviewed by underwriters.
The only type of personal finance we can assist with is for car purchases, please call us to discuss.
Sometimes a personal guarantee is required, this depends on many factors, such as the type of finance required, what the finance is being used for, and the strength of your business.
A merchant cash advance is a product that allows you to borrow against your card sales history, with repayments being made through a small percentage of future card sales. It’s a great way of obtaining a cash injection, provided you have a minimum of three months cards sales.
