Merchant Cash Advances to maintain steady cash flow.
Businesses that rely on card terminals for payments often encounter cash flow challenges that can disrupt financial stability. A merchant cash advance provides support during fluctuating periods, particularly during seasonal cycles.
What Can a Merchant Cash Advance Be Used For?
A merchant cash advance offers flexibility with no restrictions on how the funds are used. Businesses can allocate the advance for a range of needs, such as:
What is Merchant Cash Advance?
A Merchant Cash Advance (MCA) is a financing option that differs from a traditional loan. Instead of fixed monthly payments, an MCA is based on a business’s revenue generated through card transactions. In this arrangement, a lender provides a lump sum of cash upfront, which is repaid by taking a small percentage of the business’s future credit or debit card sales. This makes MCAs a flexible option for businesses with fluctuating revenue streams.
How can a merchant cash advance help your business?
A merchant cash advance offers a fast and simple solution for meeting your retail business's working capital needs. At HH, we specialize in securing the best, tailored solutions at highly competitive rates.
This form of financing allows you to manage cash flow efficiently, making it an excellent option for businesses with minimal assets, especially those that generate most of their revenue through card transactions. It provides the flexibility to cover day-to-day expenses, growth opportunities, and unexpected costs without the need for traditional collateral.
Learn about the difference between secured and unsecured loans
Merchant cash advances offer fast access to funding, making it an attractive option for businesses in need of cash quickly.
The application process is typically quick and simple, often requiring only basic information, such as the business sales volume.
No collateral required, lowering the risk for businesses that may not have sufficient assets to offer as collateral.
You won't have restrictions on how funds are used, meaning you have the freedom to use the money as you see fit for your business operations.
Approval is typically based on the business' sales volume, providing an option for businesses with less-than-stellar credit.
After an MCA is repaid, businesses may be eligible for additional funding from the same lender, providing an ongoing source of working capital.
Why HH Business Finance is different.
Our team of finance experts are dedicated to finding the most suitable business loans for your needs. Leveraging our vast lender network, we can quickly provide the finance injection your business requires, with no fuss or hidden fees.
Funds released in as little as 8 hours
Competitive interest rates
Flexible loan terms from 3 months to 8 years
Quick and easy application process
Funding for any business purpose
Access to 100+ of the UK’s best business lenders
Sector Expertise
Financing businesses like yours
Our business finance specialists have over 100 years of collective experience working in commercial finance.
We support companies across a wide variety of industries and have access to over 100 UK lenders to approve finance in almost any sector.