Merchant Cash Advance
An advance on future card sales, repaid as a percentage of daily takings — flexing with revenue.
Key Features
- Repayments linked to card sales
- No fixed monthly payment
- Quick approval
- No assets required as security
Use Cases
- Seasonal businesses
- Hospitality and retail
- Renovations and refits
- Short-term cashflow
Eligibility Criteria
Documents commonly requested
- Recent business bank statements
- Latest filed accounts and current management information
- Identification and business ownership information
- Evidence supporting the funding purpose
- Property, asset, invoice or contract information where relevant
The exact list depends on the facility and lender. Documents are requested only when relevant to the application.
Important considerations
- Compare the total cost, not only the headline rate
- Understand arrangement, valuation, legal and exit fees where applicable
- Check how repayments affect business cashflow
- Review security, debenture and personal-guarantee requirements
- Consider early repayment and default provisions before signing
How it works
- Tell us about your funding need
- We compare the whole-of-market lender network
- Receive competitive offers tailored to you
- We manage the application to completion
Why use FinanceMyCompany?
- Whole-of-market lender access
- Transparent, fee-clear advice
- Dedicated finance specialist
- Fast, straightforward process
Merchant Cash Advance — Frequently Asked Questions
How are repayments calculated?
A small percentage of your daily card sales is automatically deducted, so repayments flex with revenue.
What if I have a slow month?
Repayments automatically reduce during quieter periods — there is no fixed monthly amount.
Ready to explore merchant cash advance?
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