Fundur – Serving motivated UK businesses ready for growth

Merchant Cash Advance

Merchant Cash Advance2024-01-26T10:26:32+00:00
MCA Explained

What is Merchant Cash Advance?

MCA, or Merchant Cash Advance, is a type of financing where a business receives upfront cash in exchange for a percentage of its future credit card sales or daily revenue. Repayment is made by deducting a portion of the business’s daily sales until the advance and fees are fully paid off.

This is ideal for restaurants, pubs and other areas of Hospitality. It is also ideal for any business that operates card payments frequently with customers on a daily basis.

Our process is quick & simple

How does MCA work?

1. Submit your business finance enquiry in 60s.

1. Submit your business
finance enquiry in 60s.

Using our very easy-to-use business finance application form, you simply complete the required information.

Using our very easy-to-use business finance application form, you simply complete the required information.

2. A chat about your business and goals.

2. A chat about your business and goals.

A Fundur Finance Expert will give you a call to discuss your application to assist you with your application.

A Fundur Finance Expert will give you a call to discuss your application to assist you with your application.

3. Our Finance experts Work Our Magic.

3. Our Finance experts Work Our Magic.

We then work with our board of partners and lenders to get your the possible rate available.

We then work with our board of partners and lenders to get your the possible rate available.

4. Your no-fuss finance is funded.

4. Your no-fuss finance is funded.

Once you’ve approved the rate you’re happy with, your funding is released to your bank account. Time to scale.

Once you’ve approved the rate you’re happy with, your funding is released to your bank account. Time to scale.

Where MCA is commonly used

Use Cases of Merchant Cash Advance

Retail Stores

Restaurants & Cafes

Service Providers

Hospitality Industry

Healthcare Providers

Merchant Cash Advance FAQs

Do I qualify for a merchant cash advance?2023-08-10T12:37:45+01:00

MCAs are a type of short-term business financing where you receive a lump sum payment in exchange for a percentage of your daily credit card sales. Qualifying for a merchant cash advance (MCA) depends on several factors including but not limited to Credit Card Sales Volume, Time in Business, Monthly Revenue, Credit Score, Industry Type, Payment Processor, Collateral, Financial Statements, and Application Process.

What are the interest rates?2023-08-24T12:36:05+01:00

Fundur offers competitive interest rates to its clients seeking business finance solutions. Currently, our interest rates start at a favourable rate of 4%. However, please keep in mind that interest rates may vary based on factors such as the type of financial product, the creditworthiness of the borrower, market conditions, and the terms of the loan or financing arrangement.

Can I repay the cash advance early?2023-08-25T08:50:13+01:00

You can usually repay a merchant cash advance (MCA) early, but the terms vary by provider. Review your MCA agreement for prepayment terms, potential fees, or discounts. Discuss your intentions with the provider, consider the financial impact on your business, and document the repayment agreement if you decide to repay early. Consulting with professionals can help you make an informed decision.

What is a factor rate?2023-08-10T12:30:15+01:00

A factor rate in business loans is a fixed repayment amount expressed as a multiple of the original loan sum. It’s commonly used for short-term loans, where borrowers agree to pay back a set total without interest. Factor rates are simple to calculate but may result in a higher effective interest rate compared to traditional loans for longer terms. They’re often used for quick access to funds but require careful consideration and comparison with other loan options.

What can I use a merchant cash advance for?2023-08-25T08:51:13+01:00

A merchant cash advance (MCA) offers businesses flexibility in using funds for various purposes, such as working capital, inventory purchase, equipment upgrades, marketing, renovations, debt consolidation, emergencies, seasonal needs, seizing opportunities, staffing, training, and technology investments. However, businesses should be aware of the higher costs associated with MCAs and carefully evaluate their financial needs and repayment ability. Exploring alternative financing options and seeking professional advice is recommended.

Get Started Below

  • No impact on your credit profile

  • Regulated by the Financial Conduct of Authority
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