Merchant cash advance, explained.
A merchant cash advance is business funding for companies that take card payments. You receive a lump sum, and repay it as an agreed share of your future card takings rather than in fixed monthly instalments.
Funding that moves with your takings.
Instead of lending against property or a business plan, the provider looks at what comes through your card machine. The funding is based on your card-processing history, and repayments are taken as a share of your card takings as they come in.
Because repayments follow your takings, you repay more in a busy week and less in a quiet one. There is no fixed monthly bill that stays the same whether trade is up or down.
Through our partnership with JK Commercial Savings Ltd, merchant cash advances are provided by 365 Finance. We come to you, go through the application together, and you have a decision within hours of a complete application.
Merchant cash advance or business loan?
| Merchant cash advance | Typical business loan | |
|---|---|---|
| Based on | Your card takings | Accounts, credit history and often security |
| Repayments | A share of card takings, so they follow your trade | Fixed monthly instalments |
| Property as security | Not required | Often required for larger amounts |
| Cost | A fixed amount agreed before you sign | Interest over the term |
| Decision | Within hours of a complete application | Often days or weeks |
A general comparison. Every provider's terms differ, and we explain the exact terms of any offer before you sign.
Built for businesses that take card payments every day.
It suits established businesses with a steady history of card payments: restaurants and cafés, pubs and bars, salons and clinics, shops and retailers, and trades that take payment by card.
It is less suited to businesses that are paid mostly by invoice or bank transfer, because the funding is based on card takings. If that is you, we will tell you on the first call rather than waste your time.
Merchant cash advance questions.
What happens in a quiet month?
How much can my business get?
What can I use the funding for?
Is a merchant cash advance a loan?
Do I need property or assets as security?
See what your takings could support.
Ten minutes on the phone to see whether funding fits, then we come to you and go through the application together. A decision within hours of a complete application.
Saynor Sales Solutions is not a lender and is not authorised by the Financial Conduct Authority. We introduce businesses to commercial funding options through our partnership with JK Commercial Savings Ltd. Funding is provided by 365 Finance and is subject to status and lender criteria. Approval and amounts are not guaranteed. A decision is not a payment: the time to receive funds after acceptance is separate. We and JK Commercial Savings receive commission from the funding provider when funding completes, and we will tell you about it before you apply.