A merchant cash advance lets you borrow capital for your business with flexible repayments to fit your cash flow.
That’s because your repayments are an affordable percentage of your daily card takings. So you only repay when you get paid.
Only repay when you get paid
As champions of small business, we understand that cash is king for growing businesses. We take the hassle out of raising extra cash flow with our fast and flexible business funding solutions.
How it works
The amount you pay back is an affordable percentage of your daily card takings. You repay at the pace your business grows. And if business is a bit slow, your repayments are reduced automatically.
Get an instant decision and approval within 24 business hours.
Get access to your funds in as little as two business days.
Sell to your customers through your card terminal.
Pay back as an agreed % of your customer card transactions.
Flexible funding on your terms
Unlike traditional bank loans, with our merchant cash advance you can enjoy complete flexibility. There are no hidden fees or repayment deadlines. You only repay when you get paid.
Is a merchant cash advance right for me?
Our merchant cash advance is the perfect solution for businesses which experience seasonality or ebbs and flows in income.
To qualify for our merchant cash advance:
- You take card payments
- You have been trading for nine months or more
- Your monthly turnover is at least £6,000
- Your monthly card sales are at least £3,000
If your answer is yes to all of the above, you could receive funding from £3,000 in as little as two business days.
Apply on line for a quick, no obligation decision.
Why choose our merchant cash advance?
Only pay when you get paid, over a flexible period of time.
Instant decision, approval in 24 business hours, and funds in as little as two business days.
Minimal paperwork and no assets required.
No fixed repayment term. Only pay when you get paid.
What our customers say about us
The beauty of using Boost Capital is the manner in which the repayments are made…you pay Boost when you get paid!– Andy, Golf Shop Owner, Scotland
It’s been such a simple and fast process with Boost Capital. We found it a great way to improve cash flow quickly.– Sabrina, Beauty Salon Owner, London
Great business, really simple to borrow money and the process was very quick.- Jake, Men’s Clothing Retailer, Cornwall
This is the first time we have used a company like Boost. We wouldn't have survived a lean winter without their additional funding, and the payments have all been manageable for us without impacting our cash flow. If we do need an extra bit of help in future, I would be happy to call Boost.- Christine, Car Repairs Franchise, Buckinghamshire
Merchant cash advance FAQs
Below are some of the most commonly asked questions about our merchant cash advance. If you have any other questions we’ll be happy to help.
Q. How does a merchant cash advance differ from a business loan?
A merchant cash advance is an innovative alternative to a business loan. The main difference between a merchant cash advance and other types of business funding is that you only repay when you get paid.
The two other differences between a merchant cash advance and a business loan are:
- No fixed repayments: A merchant cash advance works by taking a small percentage of your daily card takings until it is repaid in full.
- No fixed term: How much and how quickly you repay is directly tied to how much you have been paid.
Q. How do I qualify for a merchant cash advance?
You must have been trading for nine months or more, and have a minimum monthly turnover of £6,000 a month. At least £3,000 a month must be in card sales through a card terminal.
Q. How much could I get?
We provide merchant cash advances from £3,000. How much you could get will depend on your monthly turnover and card sales. Why not give us a call on 0800 138 9080 for an instant, no-obligation decision?
Q. How long does it take?
Our merchant cash advance is a fast funding solution for your business. Apply online or call us for an instant, no-obligation decision and approval within 24 business hours. Funding typically takes just a few days (but this may depend on your card acquirer).
Q. How do repayments work?
Our merchant cash advance is designed to be flexible and affordable for many types of business.
The beauty of our merchant cash advance is that repayments are proportionate to your card revenue. When things are going well, you will pay back more. But if the business is having a leaner period, you’ll pay back a smaller amount.
Repayments are easy and hassle-free. They work by taking an agreed proportion of your card revenue. This is done automatically via your card terminal – so you don’t have to worry about remembering to make repayments.
Our flexible and automated repayment system offers peace of mind for busy business owners, and many types of business with fluctuating or seasonal revenue.
Q. Why do I need a card terminal?
A merchant cash advance raises capital by purchasing a percentage of your future card takings. We agree a percentage of your card sales which will pay back your advance. Repayments work by automatically debiting a small percentage of your card sales via your card terminal.
Q. Do I need to switch my card terminal provider?
No – you don’t need to change your card terminal provider. Our flexible funding solutions are designed to work around your business. We strive to make the process as hassle-free as possible.
Q. Are all card types accepted?
We have no restrictions on card type. Which cards you take is entirely your choice. Repayments are collected automatically via your card terminal after the card transaction is made.