MCAs don’t have an interest rate in the traditional sense.
Instead, they use a factor rate to determine the cost of the advance.
This rate is set at the beginning of the agreement and is a multiple of the advance amount.
It’s essential to understand that a factor rate is not an annual percentage rate (APR).
The cost of an MCA can be higher than traditional financing options.
Sourcing finance,
Supporting growth
01908 880420
info@thefundingstore.co.uk
The Funding Store Ltd
Milton Keynes Business Centre
Foxhunter Drive
Linford Wood
Milton Keynes
MK14 6GD
Sourcing finance,
Supporting growth
Telephone: 01908 880420
Email: info@thefundingstore.co.uk
The Funding Store Ltd
Milton Keynes Business Centre
Foxhunter Drive
Linford Wood
Milton Keynes
MK14 6GD
The Funding Store Ltd is an independent asset finance brokerage and not a lender, as such we can introduce you to a wide range of finance providers depending on your requirements and circumstances. We are not independent finance advisors and so are unable to provide you with independent finance advice. The Funding Store Ltd will receive payment(s) or other benefit from the finance provider if you decide to enter into an agreement with them.
The Funding Store Ltd is an Appointed Representative of AFS Compliance Ltd, which is Authorised and Regulated by the Financial Conduct Authority, firm number 625035. The Funding Store Ltd is a Franchisee of Asset Finance Solutions (UK) Ltd. The Funding Store Ltd is incorporated in England and Wales (company number: 11576714) with its registered office at Milton Keynes Business Centre, Foxhunter Drive, Linford Wood, Milton Keynes, Buckinghamshire, MK14 6GD.
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