Top 10 Reasons why a Merchant Cash Advance could be a good option for your business

Here are the top 10 reasons why a merchant cash advance (MCA) could be a good financing option for your business:

  1. Fast access to funding: MCAs are known for their speed and efficiency. They provide businesses with a decision within as little as 24 hours, making them ideal for businesses that need quick access to funding.
  1. No security required: Unlike traditional loans, MCAs don’t require businesses to put up security to secure the financing. This means that businesses don’t need to worry about risking their assets in exchange for funding.
  1. Simple application process: MCAs have a straightforward application process, and many providers offer online applications that can be completed quickly and easily, and in some cases instant decisions.
  1. Funding based on future sales: Traditional business loans can be hard to obtain for those businesses without a strong P&L. MCA lenders take in to consideration businesses card sales, not just their P&L and Balance Sheet. This can be a significant advantage for businesses that have a poor credit score or are unable to obtain traditional financing.
  1. Flexible repayment terms: MCAs offer flexible repayment terms that are based on the business’s sales volume. This means that businesses only need to repay the advance when they make a sale, and the repayment amount is proportional to their sales.
  1. No fixed monthly payments: MCAs don’t come with fixed monthly payments, which can be a significant advantage for businesses that have unpredictable cash flow.
  1. Use the funds for any business purpose: MCAs can be used for any business purpose, including purchasing inventory, expanding the business, or covering unexpected expenses.
  1. Can provide funding to those with a lower credit score: Because MCAs are based on card sales, they can be easier to obtain than a traditional business loan.
  1. High approval rates: MCAs have high approval rates, which means that businesses are more likely to be approved for funding compared to traditional loans.
  1. No restrictions on how funds are used: Unlike some traditional loans that come with restrictions on how the funds can be used, MCAs have no restrictions on how the funds are used, giving businesses more flexibility and control over their finances.

In conclusion, a merchant cash advance can be an attractive financing option for businesses that need quick access to funding, don’t want to risk their assets, have unpredictable cash flow, or have poor credit scores.

With its flexible repayment terms and no restrictions on how the funds are used, an MCA can be a valuable tool for businesses looking to grow and succeed.

If you’re a small or medium-sized business looking for funding, then why not contact The Funding Store today.

We do not charge broker fees, and with access to one of the most extensive and competitive lending panels in the UK, can bring you fast, flexible solutions that meet your finance needs.

The Funding Store can help guide you through the funding process and find the best funding options that fit your specific needs.

Whether you’re looking to start a new business, expand an existing one, or cover unexpected expenses, The Funding Store can help you achieve your financial goals.

So don’t hesitate, contact us today on 01908 880420, to take the first step towards securing the funding you need to grow and succeed.

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This article has been produced by for general interest. No responsibility for loss occasioned to any person acting or refraining from action as a result of the information contained in this article is accepted by The Funding Store Ltd. In all cases appropriate professional legal and financial advice should be sought before making a decision.