A Merchant Cash Advance (MCA) is an unsecured loan based on the card income, rather than the turnover, of a business.

A MCA is an advance of future card income which, unlike a bank loan, does not have a set repayment term, interest rate, administration rate or exit fees.

How Much Can You Borrow?

The amount of the advance is, usually, up to 100% of the average monthly card income based on the previous 12 months. So, if a business received £240,000 via card payments in the last 12 months, then they could get and advance of £20,000. The minimum advance available is £10,000 so a minimum annual card income is £120,000. The maximum advance is £300,000. However, a higher level of underwriting is required for any advance of £100,000, or more.

What Is The Interest Rate?

For a Merchant Cash Advance, the Lenders do not charge interest. Instead, they charge one all-inclusive fee which covers the interest and administration charges. There are also no exit fees or penalties for early repayment as there isn’t a set repayment term.


Rather than having a set repayment amount every week, or month, a Working Capital Advance is repaid as an agreed percentage of your daily card income. Therefore, you repay more when you are busy and less during quiet periods.

Find Out More

To find out more about Merchant  Capital Advance and how it can help your business book a call with one of our friendly team.