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What is a Merchant Cash Advance?
A merchant cash advance gives you flexibility in repayments that a standard business loan does not.
With a standard business loan, you have a schedule of set payments. These payments need to be paid whether your business has a good month or not.
Our MCA’s provide your business with easy to set up, stress-free finance.
FAQs
Am I eligible for FFP’s Cash Advance?
Eligibility criteria does apply. You must have a trading history of at least three months and currently be taking payment online or via your card machine. It doesn’t have to be an FFP machine. Our cash advance application is open to all.
How do repayments work?
Repayments are reflective of your takings, if some months you take more than others, your repayments are flexible as a percentage of takings. So overall repayment depends on the size of the funding, the repayment percentage and your card turnover. There are no fixed monthly payments.
Is my credit score affected?
We will carry out a soft search that won’t impact your credit score. It will only show that a Financial Services Advisor has performed a search.
How much funding can I get?
The amount you’re eligible for depends on your monthly revenue and how long your business has been operating. We review your application to find and get the maximum amount available to you. You’ll get a quote once you’ve input these details at the start of the application process. However, your initial quote may vary from the final amount awarded.
How long does it take to repay?
The maximum repayment period available is one year, typically to be repaid within 6-9 months.
Do I have to pay interest?
No. You will only pay back the percentage of your takings agreed up front.
How does it work?
Repayments for your MCA are only due when your business gets paid.
This means that if payments for some reason do not get paid on the due date then your MCA does not get paid either. With payment terms catered to suit your needs, your business can grow without the worries and stress that can come with traditional finance methods.
Repayments that are dependent on your cash flow
More funds to run your business.
If you are making higher volumes of sales on certain days, then a slightly higher percentage will be taken from your balance, meaning it will be cleared quicker. If you are having a quiet month, we take a smaller percentage of your card sale repayments, leaving you with more funds to run your business.
The benefits of Merchant Cash Advance finance
Manage your cash flow more easily
Spend more time focusing on driving your business forward
Pay more during busy months and less during quiet months
Adapted to suit the needs of your business
Our process could not be simpler!
Get started in three easy steps
1
Complete your application
2
Choose an offer
3
Receive the funds
Testimonials
What our customers are saying
”Very pleased, used FFPs services to get the loan to refurbish my restaurant. All done and dusted in 4 days. Fast turnaround helped us massively.
Harappa Restaurant
”Great service, best prices that we found, lots of assistance and was talked through the whole process from start to finish, would recommend to anyone in need of a card service. Thanks again from the Seagull Hotel Blackpool.
Seagull Hotel Blackpool
”FFP recently helped me again with the funding to buy my new takeaway, received the funding within 5 days. FFP provided an excellent service, keeping me updated on the progress of my application. Definitely recommend to others.
Mario's Pizza
”Excellent service throughout. FFP saved us roughly 50% when we switched provider to them. Would highly recommend.
Withington Golf Club
FAQs
Am I eligible for FFP’s Cash Advance?
Eligibility criteria does apply. You must have a trading history of at least three months and currently be taking payment online or via your card machine. It doesn’t have to be an FFP machine. Our cash advance application is open to all.
How do repayments work?
Repayments are reflective of your takings, if some months you take more than others, your repayments are flexible as a percentage of takings. So overall repayment depends on the size of the funding, the repayment percentage and your card turnover. There are no fixed monthly payments.
Is my credit score affected?
We will carry out a soft search that won’t impact your credit score. It will only show that a Financial Services Advisor has performed a search.
How much funding can I get?
The amount you’re eligible for depends on your monthly revenue and how long your business has been operating. We review your application to find and get the maximum amount available to you. You’ll get a quote once you’ve input these details at the start of the application process. However, your initial quote may vary from the final amount awarded.
How long does it take to repay?
The maximum repayment period available is one year, typically to be repaid within 6-9 months.
Do I have to pay interest?
No. You will only pay back the percentage of your takings agreed up front.
