Top Merchant Cash Advance Lenders for 2024

	Fees	Fixed Term?	Flexible Monthly Repayments?	Security Required	Business Plan Required	Speed Of Approval	Speed Of Funding
PDQ Funding	✔️	✔️	✔️	❌	❌	✔️	✔️ Top among the listed options
365 Business Finance	✔️	❌	✔️	❌	❌	✔️	✔️ Second among the listed options
YouLend	❌	❌	✔️	❌	❌	❌	✔️ Third among the listed options
Nucleus Commercial Finance	❌	❌	✔️	❌	❌	✔️	✔️ Fourth among the listed options
Capify	❌	❌	✔️	❌	❌	✔️	✔️ Fifth among the listed options
Liberis	❌	❌	✔️	❌	❌	✔️	✔️ Sixth among the listed options
Boost Capital	❌	❌	✔️	❌	❌	✔️	✔️ Seventh among the listed options
Merchant Money	❌	❌	✔️	❌	❌	✔️	✔️ eighth among the listed options

1. PDQ Funding

PDQ Funding is a reputable merchant cash advance provider known for its reliable and efficient funding solutions in the UK. With a focus on supporting small and medium-sized businesses, PDQ Funding offers competitive rates, transparent terms, and a straightforward application process, making it an attractive choice for merchants in need of quick access to capital.

Their unique approach involves assessing a business’s future credit and debit card sales to determine the advance amount, and repayments are automatically deducted as a percentage of daily card transactions.

Moreover, PDQ Funding’s dedication to exceptional customer service ensures that businesses receive personalized assistance throughout the funding process, making it a trusted partner for merchants seeking reliable financial support.

Pros of PDQ Funding:

1. Quick Access to Capital: One of the significant advantages of PDQ Funding is its ability to provide quick access to capital for businesses. The streamlined application process and fast approval times mean that merchants can get the funds they need to address immediate financial needs or seize growth opportunities without lengthy delays.
2. Flexible Repayment Structure: PDQ Funding’s repayment model, which deducts a percentage of daily card transactions, offers flexibility for businesses. During slower sales periods, the repayment amount adjusts accordingly, relieving some of the financial burden during challenging times.
3. Support for Small Businesses: PDQ Funding focuses on supporting small and medium-sized businesses, making it an appealing option for entrepreneurs who might face difficulties obtaining financing from traditional lenders due to limited credit history or other financial constraints.

Cons of PDQ Funding:

1. Higher Cost of Capital: Merchant cash advances, including those from PDQ Funding, can be more expensive than traditional loans. The factor rate or fees charged may result in a higher overall cost, impacting the profitability of the borrowing business.
2. Reliance on Card Sales: As PDQ Funding’s repayment structure is tied to credit and debit card transactions, businesses heavily reliant on cash sales or alternative payment methods might find this funding option less suitable or restrictive.
3. Limited Loan Amounts: While PDQ Funding provides quick access to capital, the maximum loan amount of £300,000 might be lower than what some businesses require for significant expansion or investment projects. Larger enterprises seeking substantial funding may need to explore other financing alternatives.

2. 365 Business Finance

365 Business Finance is a prominent and reputable alternative finance provider catering to the financial needs of businesses in the UK. Specializing in merchant cash advances, they offer a swift and straightforward funding solution to small and medium-sized enterprises.

What sets 365 Business Finance apart is their commitment to supporting businesses with tailored financial assistance, flexible repayment options, and transparent terms. Their application process is designed to be efficient and accessible, ensuring that businesses can secure the capital they require promptly.

With a focus on understanding the unique challenges faced by their clients, 365 Business Finance aims to build long-lasting partnerships while providing the working capital necessary for growth, investment, and day-to-day operations.

Pros of 365 Business Finance:

1. Quick Access to Capital: 365 Business Finance excels in providing swift access to capital for businesses. Their efficient application process and speedy approval times enable companies to obtain the necessary funds promptly, addressing immediate financial needs or capitalizing on time-sensitive opportunities.
2. Tailored Financial Solutions: One of the key advantages of 365 Business Finance is their personalized approach to lending. They take the time to understand each client’s specific financial situation and needs, offering tailored financial solutions that align with the unique requirements of the borrowing business.
3. Flexibility in Repayment: With flexible repayment options, 365 Business Finance eases the financial burden on businesses. Repayments are based on a percentage of future credit and debit card sales, adjusting with the company’s revenue fluctuations, which can be advantageous during slower periods.

Cons of 365 Business Finance:

1. Higher Cost of Funding: Like other merchant cash advance providers, 365 Business Finance may charge higher costs compared to traditional bank loans. The factor rate or fees associated with the advance can result in a higher overall cost of funding for the borrowing business.
2. Reliance on Card Sales: The repayment structure of 365 Business Finance is tied to credit and debit card sales. This means businesses heavily dependent on cash transactions or alternative payment methods might face constraints or limited suitability with this financing option.
3. Limited Loan Amounts: While 365 Business Finance offers quick access to capital, the maximum loan amount of £300,000 may not be sufficient for larger businesses or significant expansion projects. Businesses with substantial financing needs may need to explore other funding alternatives.

3. YouLend

YouLend is a reputable financial services company known for its innovative lending solutions. With a focus on supporting businesses across various industries, YouLend offers a wide range of funding options, including merchant cash advances, business loans, and asset-based financing. What sets YouLend apart is its commitment to providing personalized financial solutions tailored to each client’s specific needs.

By leveraging advanced technology and data-driven underwriting, YouLend can offer competitive rates and quick access to capital, making it an attractive choice for businesses seeking efficient and reliable financing. Additionally, their flexible repayment terms and responsive customer service contribute to a positive borrowing experience.

Whether it’s for managing cash flow, expanding operations, or investing in new opportunities, YouLend remains dedicated to empowering businesses with the financial support they require to thrive and succeed.

Pros of YouLend:

1. Diverse Financing Options: YouLend offers a wide range of financing options, including merchant cash advances, business loans, and asset-based financing. This diversity allows businesses to choose the most suitable funding solution that aligns with their specific financial needs and circumstances.
2. Personalized Approach: YouLend takes a personalized approach to lending, leveraging advanced technology and data-driven underwriting to tailor financial solutions to each client. This customized approach increases the likelihood of receiving competitive rates and loan terms that are better suited to the individual borrower’s situation.
3. Quick Access to Capital: With streamlined application processes and efficient approval times, YouLend provides businesses with rapid access to capital up to £1,000,000. This speed is particularly beneficial for companies facing urgent financial needs or time-sensitive opportunities.

Cons of YouLend:

1. Higher Interest Rates: As with many alternative financing options, the interest rates offered by YouLend may be higher compared to traditional bank loans. This higher cost of capital could impact the overall profitability of the borrowing business.
2. Eligibility Criteria: YouLend’s personalized approach to underwriting may result in stricter eligibility criteria for some businesses. Companies with limited credit history or weaker financials might find it challenging to qualify for certain financing options.
3. Potential Fees: While YouLend is transparent about its rates and fees, some financing options may involve additional charges or processing fees. It is essential for businesses to carefully review the terms and fees associated with any funding solution to fully understand the cost of borrowing.

4. Nucleus Commercial Finance

Nucleus Commercial Finance is a well-established financial institution that provides a compelling offering of a merchant cash advance (MCA) to businesses in the UK. With a focus on supporting small and medium-sized enterprises, Nucleus Commercial Finance offers a flexible and accessible funding solution that allows businesses to access quick capital based on their future credit and debit card sales.

The MCA process is designed to be straightforward and efficient, ensuring that businesses can secure the necessary funds promptly to address their immediate financial needs. Nucleus Commercial Finance’s MCA offering stands out for its personalized approach, where they take the time to understand each client’s unique financial situation and tailor the funding solution accordingly.

This commitment to understanding the borrower’s needs allows for more competitive rates and favorable repayment terms. By leveraging their expertise in alternative financing, Nucleus Commercial Finance provides businesses with a reliable and efficient option to overcome cash flow challenges and pursue growth opportunities.

Pros of Nucleus Commercial Finance’s Merchant Cash Advance:

1. Quick Access to Capital: Nucleus Commercial Finance’s MCA offering provides businesses with swift access to capital. The streamlined application process and fast approval times enable companies to receive the funds they need promptly, allowing them to seize time-sensitive opportunities or address urgent financial requirements.
2. Flexible Repayment Structure: The merchant cash advance’s repayment structure offered by Nucleus Commercial Finance is based on a percentage of future credit and debit card sales. This flexible repayment method adjusts with the company’s revenue fluctuations, easing the financial burden during slower periods and providing greater cash flow flexibility.
3. Tailored Financial Solutions: Nucleus Commercial Finance takes a personalized approach to lending, ensuring that each client’s unique financial situation and needs are understood. This allows them to tailor the merchant cash advance to the specific requirements of the borrowing business, resulting in more favorable terms and competitive rates.

Cons of Nucleus Commercial Finance’s Merchant Cash Advance:

1. Higher Cost of Funding: As with most merchant loan advances, the cost of funding from Nucleus Commercial Finance may be higher compared to traditional bank loans. The factor rate or fees associated with the MCA can result in a higher overall cost for the borrowing business.
2. Reliance on Card Sales: The repayment structure tied to credit and debit card sales might be a limitation for businesses that rely heavily on cash transactions or alternative payment methods. Such businesses may find this funding option less suitable or more restrictive.
3. Limited Loan Amounts: Nucleus Commercial Finance’s MCA offering may have a maximum loan amount of £150,000 that may not be sufficient for larger businesses or significant expansion projects. Companies with substantial financing needs may need to explore other funding alternatives to meet their requirements.

5. Capify – Merchant Cash Advance

Capify is a reputable and innovative alternative finance provider that offers a diverse range of funding solutions to businesses in the UK and beyond. With a strong focus on supporting small and medium-sized enterprises (SMEs), Capify provides merchant cash advances and business loans tailored to meet the unique financial needs of each client.

What sets Capify apart is its commitment to providing accessible and efficient funding options, with a straightforward application process and quick approval times. Their personalized approach to lending ensures that businesses receive competitive rates and terms that align with their specific circumstances. Capify’s emphasis on customer service and understanding the challenges faced by SMEs has earned them a trusted reputation in the financial industry.

Whether businesses require working capital to manage cash flow, seize growth opportunities, or invest in their operations, Capify stands ready to empower them with the financial support they need to succeed.

Pros of Capify:

1. Customised Funding Solutions: Capify takes a personalized approach to lending, tailoring their funding solutions to meet the unique needs of each business. This allows for more competitive rates and terms that are better suited to the specific circumstances of the borrowing company.
2. Quick and Efficient Process: Capify offers a streamlined application process and fast approval times, allowing businesses to access the funds they need promptly. This speed is particularly advantageous for companies facing urgent financial needs or time-sensitive opportunities.
3. Focus on SMEs: Capify specializes in supporting small and medium-sized enterprises, making them a preferred choice for businesses in this sector. Their expertise in catering to the needs of SMEs ensures that borrowers receive relevant and suitable financing options.

Cons of Capify:

1. Higher Cost of Funding: Like many alternative finance providers, the cost of funding from Capify, such as merchant cash advances, may be higher compared to traditional bank loans. Businesses should carefully evaluate the overall cost and consider whether it aligns with their financial capabilities.
2. Limited Eligibility Criteria: Some businesses may find it challenging to qualify for Capify’s funding solutions due to stricter eligibility criteria. Companies with limited credit history or weaker financials might face difficulties in securing financing through Capify.
3. Potential Repayment Constraints: Capify’s merchant cash advances often involve a percentage of future credit and debit card sales as repayment. While this offers flexibility during slower sales periods, it may be a constraint for businesses heavily reliant on cash transactions or alternative payment methods.

6. Liberis – Business Cash Advance

Liberis is a prominent and reputable financial services company that specializes in providing innovative funding solutions to small and medium-sized businesses in the UK and the United States. As a pioneer in the merchant cash advance industry, Liberis offers a unique and flexible approach to financing, allowing businesses to access capital quickly and efficiently.

What sets Liberis apart is its emphasis on simplicity and accessibility, making the application process straightforward and hassle-free. Their data-driven underwriting process ensures that businesses receive tailored financial solutions, and the repayment terms are based on a percentage of future card sales, offering greater flexibility during revenue fluctuations. Liberis’ dedication to customer service and commitment to understanding the needs of their clients have earned them a strong reputation in the market.

With their comprehensive funding options and focus on empowering businesses to grow and succeed, Liberis remains a trusted partner for SMEs seeking reliable and efficient financing solutions.

Pros of Liberis:

1. Quick and Accessible Funding: Liberis excels in providing businesses with rapid access to capital. The straightforward application process and efficient approval times allow companies to secure the funds they need promptly, enabling them to address immediate financial needs or capitalize on time-sensitive opportunities.
2. Flexible Repayment Structure: Liberis’ merchant cash advance offering features a flexible repayment structure based on a percentage of future card sales. This dynamic repayment method adjusts with the business’s revenue fluctuations, providing greater cash flow flexibility during slower periods.
3. Tailored Financial Solutions: Liberis takes a data-driven approach to underwriting, ensuring that each client receives a tailored financial solution that aligns with their unique circumstances. This personalized approach leads to more competitive rates and terms that better suit the individual borrower’s needs.

Cons of Liberis:

1. Higher Cost of Funding: As with most merchant cash advances, the cost of funding from Liberis may be higher compared to traditional bank loans. The factor rate or fees associated with the advance can result in a higher overall cost for the borrowing business.
2. Repayment Tied to Card Sales: While the flexible repayment structure is advantageous for businesses during slower periods, it might not be suitable for companies heavily reliant on cash transactions or alternative payment methods, as their repayment would still be tied to future card sales.
3. Eligibility Criteria: Some businesses may find it challenging to qualify for Liberis’ financing due to eligibility criteria. Companies with limited credit history or weaker financials might face difficulties in securing funding through Liberis.

7. Boost Capital

Boost Capital is a reputable and leading provider of alternative financing solutions for small and medium-sized businesses. With a strong presence in the UK, as well as the United States and Canada, Boost Capital specializes in offering merchant cash advances (MCAs) to entrepreneurs seeking quick and flexible access to capital.

What sets Boost Capital apart is its commitment to understanding the unique financial needs of its clients, enabling them to provide personalized funding solutions.

The application process is designed to be straightforward and efficient, allowing businesses to secure the funds they require promptly. Boost Capital’s MCA offering features a repayment structure based on a percentage of future card sales, providing businesses with greater flexibility during revenue fluctuations.

With a customer-centric approach and a focus on empowering businesses to thrive, Boost Capital remains a trusted and reliable partner for entrepreneurs seeking tailored and reliable financing options.

Pros of Boost Capital:

1. Quick and Efficient Access to Capital: Boost Capital excels in providing fast access to capital for businesses. The streamlined application process and rapid approval times enable companies to receive the funds they need promptly, allowing them to seize time-sensitive opportunities or address urgent financial requirements.
2. Personalized Funding Solutions: Boost Capital takes the time to understand the unique financial needs of each client, offering personalized funding solutions. This tailored approach results in more competitive rates and terms that align with the specific circumstances of the borrowing business.
3. Flexible Repayment Structure: Boost Capital’s merchant cash advance features a flexible repayment structure based on a percentage of future card sales. This dynamic repayment method adjusts with the company’s revenue fluctuations, providing greater cash flow flexibility during slower sales periods.

Cons of Boost Capital:

1. Higher Cost of Funding: As with most merchant cash advances, the cost of funding from Boost Capital may be higher compared to traditional bank loans. The factor rate or fees associated with the MCA can result in a higher overall cost of financing for the borrowing business.
2. Repayment Tied to Card Sales: While the flexible repayment structure is advantageous during slower periods, it might not be suitable for businesses heavily reliant on cash transactions or alternative payment methods, as their repayment would still be tied to future card sales.
3. Eligibility Criteria: Some businesses may find it challenging to qualify for Boost Capital’s financing due to stricter eligibility criteria. Companies with limited credit history or weaker financials might face difficulties in securing funding through Boost Capital.

8. Merchant Money

Merchant Money is a well-established and reputable financial services company that specializes in providing innovative funding solutions to small and medium-sized businesses in the UK. With a strong focus on supporting entrepreneurs, Merchant Money offers a variety of financing options, including merchant cash advances and business loans.

What sets Merchant Money apart is its commitment to simplicity and transparency, ensuring that the application process is straightforward and accessible. Their data-driven underwriting process allows for quick approval times, allowing businesses to access the funds they need promptly. Merchant Money’s funding solutions are tailored to each client’s specific financial needs, providing competitive rates and flexible repayment terms.

With a customer-centric approach and a deep understanding of the challenges faced by SMEs, Merchant Money has earned a solid reputation in the industry as a trusted partner for businesses seeking reliable and efficient financing solutions.

Pros of Merchant Money:

1. Variety of Funding Options: Merchant Money offers a range of funding options, including merchant cash advances and business loans. This diversity allows businesses to choose the most suitable financing solution that aligns with their specific financial needs and circumstances.
2. Simple and Transparent Process: Merchant Money prides itself on simplicity and transparency in its operations. The application process is straightforward and accessible, and the company is upfront about its terms and fees, ensuring that borrowers have a clear understanding of the financing arrangement.
3. Tailored Financial Solutions: Merchant Money takes a personalized approach to lending, tailoring their funding solutions to meet the unique needs of each client. This results in more competitive rates and terms that better suit the individual borrower’s situation.

Cons of Merchant Money:

1. Higher Cost of Financing: As with many alternative financing options, the cost of funding from Merchant Money, such as merchant cash advances, may be higher compared to traditional bank loans. Businesses should carefully evaluate the overall cost and consider whether it aligns with their financial capabilities.
2. Eligibility Criteria: Some businesses may find it challenging to qualify for Merchant Money’s financing due to specific eligibility criteria. Companies with limited credit history or weaker financials might face difficulties in securing funding through Merchant Money.
3. Potential Repayment Constraints: Merchant Money’s merchant cash advances involve a percentage of future credit and debit card sales as repayment. While this offers flexibility during slower sales periods, it may be a constraint for businesses heavily reliant on cash transactions or alternative payment methods.