Choosing a Merchant Cash Advance with UK Payments Ltd offers a range of benefits tailored to the needs of your business:
Merchant Cash Advance
What Is A Merchant Cash Advance?
A Merchant Cash Advance (MCA) is a flexible financing solution designed specifically for businesses that generate a significant portion of their revenue through credit card sales. Unlike traditional loans, an MCA provides an upfront lump sum of cash in exchange for a percentage of your future credit card sales. This means repayment is directly tied to your business’s performance, making it an ideal option for businesses with fluctuating revenue streams.
Merchant Cash Advances are particularly popular amongst small businesses that may face challenges securing traditional bank loans due to poor credit scores, lack of collateral, or the need for quick funding. Repayment is typically automated, with a small percentage deducted from your daily or weekly credit card sales, allowing you to manage your cash flow without the pressure of fixed monthly payments.
Why Choose Us for Your Merchant Cash Advance?
Immediate Funding
At UK Payments Ltd, we understand that time is of the essence. Our Merchant Cash Advance service provides you with quick access to cash, without the lengthy approval process associated with traditional financing. Get the funds you need when you need them, and keep your business running smoothly.
Quick Approval
Our streamlined approval process ensures that you can secure funding in a matter of days. We focus on your business’s potential, not just your credit score, allowing you to access the money you need quickly and easily.
Hassle Free Process
We’ve designed our Merchant Cash Advance service to be as hassle-free as possible. With minimal paperwork, no collateral requirements, and straightforward repayment options, you can focus on what matters most; growing your busin
The Benefits Of A Merchant Cash Advance
- No Monthly Fees: Enjoy the simplicity of repayment directly from your sales, without the burden of monthly fees.
- High Funding Potential: You can be funded up to 200% of your monthly card turnover, providing significant capital to fuel your business growth.
- Flexible Repayment: There’s no specific time frame to repay the advance; repayments are automatically adjusted based on your sales volume.
- No APR: Unlike traditional loans, there’s no annual percentage rate (APR) to worry about. The repayable amount is fixed from the start, so you know exactly what you owe.
- No Collateral Required: You won’t need to provide collateral or a detailed business plan, making it easier to qualify for funding.
- Available with Poor Credit: Even with a weaker business credit score, you can still qualify for a Merchant Cash Advance, giving you access to funds when other financing options might be out of reach.
- Automatic Repayments: Repayments are made automatically based on your monthly sales, ensuring that you only pay when you’re earning.
