Merchant Cash Advance
Access funding based on your business turnover, with payment terms agreed upfront and repayments typically collected automatically daily or weekly.
Cash advance. Advance your next move.
A merchant cash advance provides upfront business funding based on trading performance and expected revenue.
Structures vary between providers. Some advances collect a percentage of card sales, while others use agreed payment amounts collected from the business bank account.
At Approven, we primarily arrange business cash advances with agreed repayment amounts. These payments do not automatically decrease when sales fall, so it is important to consider how they fit your business's cash flow.
Common MCA Features
Funding Based on Business Turnover
Providers consider business revenue, trading history, bank statements and financial performance. Card payments are not a requirement for every product.
Agreed Payment Schedules
Payments are typically collected automatically on a daily or weekly schedule. Where fixed payments apply, quieter trading does not automatically reduce the amount due.
Clear Funding Costs
Some products use a fixed funding fee agreed at the outset. Before accepting an offer, review the amount you will receive, the total amount payable, the payment schedule and any additional charges. Early Settlement does not reduce cost.
Business Uses
Funding can support stock purchases, operating expenses, recruitment, equipment, marketing and expansion, subject to the provider's requirements.
Use of funds
What are you using it for?
These are the reasons businesses give us when they enquire. Here is where a merchant cash advance usually fits, and where something else usually does.
Commonly used for
Stock / Inventory Purchase
Buying ahead of a season you can see coming, rather than waiting until the takings are already in.
Cash Flow Support
Assessed against trading performance rather than against an asset, so it suits a business whose income is steady in aggregate but uneven week to week.
Working Capital
Short-term working capital for a business that takes regular customer payments.
Payroll / Wages
Covering a known wage bill when the money to meet it has not arrived yet.
Usually a different route
Equipment / Asset Purchase
An advance is short-term funding. Equipment you will use for years is usually matched to Asset finance, which runs over the life of the asset.
Expansion / Growth
Where growth is a long project rather than a short push, a business loan matches the timescale better.
Debt Refinance
Replacing existing borrowing with short-term funding rarely improves the position on its own. We would want to look at the whole picture before suggesting it.
Tax / VAT Bill
It can be done, but a dated bill is usually matched to a business loan.
How an advance is repaid varies between providers. Some collect an agreed share of card sales; others collect agreed payment amounts from the business bank account, which do not automatically reduce when sales fall. We will tell you which structure applies before you commit to anything.
Other / Not sure
Tell us the situation rather than the product. Working out which route fits is the part we do before anything goes to a lender.
The Approven approach
The right finance starts with understanding your business.
We take the time to understand your trading performance, cash flow and funding requirements before exploring available options.
We consider your priorities, payment commitments and overall funding costs, helping you understand the proposed arrangement before you decide.
Product information
Costs and terms
Funding amounts, fees and payment schedules vary between providers and products.
Guarantees
A personal guarantee may be required, which can make you personally liable if the business does not meet its obligations.
Early settlement
Some fixed-fee products do not reduce the total cost of funding if settled early.
Missed payments
Missed payments may result in additional charges or recovery action under the agreement.
Our role
Approven is a finance broker, not a lender. We arrange funding solely for business purposes, subject to eligibility, provider assessment and approval.
How we're paid
We do not charge customers a broker fee. We receive commission for successful funding introductions, and commission arrangements vary between providers and products. Where a lender’s commission forms part of the cost of the facility it offers, what we are paid can form part of what you pay overall. Where we introduce you to another broker, any referral arrangement and applicable customer fees will be explained before you proceed. The full position is under How we’re paid on our About page.
Merchant Cash Advance. The Approven Way.
Looking to strengthen cash flow, purchase stock or invest in growth? Explore business cash advance options with Approven.
Get Funding
OTHER FINANCE SOLUTIONS
MORE WAYS TO ACCESS FINANCE
Every business has different funding requirements. Explore alternative finance solutions to support your cash flow, investment and growth.
Loans
Secured and unsecured business loans to support cash flow, investment and growth.
Invoice
Access a proportion of the value of eligible unpaid business invoices before your customers pay.
Asset
Spread the cost of equipment, machinery and vehicles, or explore refinancing eligible existing assets.
Bridging
Short-term finance secured against commercial property, for business purchases or refinancing.