Merchant Cash Advances
A Merchant Cash Advance (MCA) allows a business to secure finance against future receipts received from credit and/or debit card sales. Finance is usually taken out as a lump sum based on a percentage of payments taken and repaid over anywhere between six and twelve months.
MCA’s are increasingly popular with restaurants and public houses due to the lack of support available for these sectors from High Street Banks.
To apply for an MCA, typically six months Business Bank and merchant service statements are required.