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What is a Merchant Cash Advance or MCA?

A real alternative to traditional business finance, a Merchant Cash Advance is designed to match the cash flow of your business. If your company has fluctuating cash flow, no problem – our Merchant Cash Advance or MCA adjusts to meet the daily needs of your business finances.

Rather than fixed daily repayments, a small percentage of your credit card and EFTPOS terminal sales is repaid daily for the term of your Cash Advance.

Capify provides businesses with the flexibility to make lower repayments during slower periods, better managing business finances. Unlike a bank, the Merchant Cash Advance requires minimum paperwork and is an unsecured cash advance.

Once approved, the funds are in your account in 24 hours, not weeks or months.

A Merchant Cash Advance is right for you if;

  • Your business accepts credit card or EFTPOS machine sales
  • Your looking to avoid a steep payment at the end of the month
  • Your business sales can fluctuate, so you want to pay as you go
  • Your looking for a fast and straightforward business finance solution
  • Your looking to:

Merchant Cash Advance (MCA) Features

  • Easy on cash flow
    Variable daily repayments to maintain steady business finances
  • Short term
    3 to 12 months
  • Unsecured cash advance
    No security required
  • Minimum paperwork (low doc loan)
    No financials, tax returns or BAS for loans under $75,000 in most cases
  • Quick approvals
    Same Day Approvals
  • Repayments
    Small daily direct debit
  • Fund amount
    $5,000 to $300,000
  • Renewals
    Fast and simple renewal process
Apply Now

Or call 1300 760 930

Does my business qualify for a Merchant Cash Advance or MCA?

  • The business has been operating for 6 months
  • Have 6 months of financial data from your accounting package or bank statements.
  • Registered for GST, have a valid ABN/ACN and turnover at least $120k per year
  • Minimum $10,000 a month in gross sales
  • You have proof of business ownership
  • You’ll also have to be a permanent Australia resident and to be at least 18 years of age.

A  Capify merchant cash advance or MCA account is the new normal for most businesses today.  Especially online businesses that accept payments by credit and debit cards via any branded card terminals at the point of sale and online payment gateways.

Branded terminals such as: Tyro, Commonwealth Bank, ANZ, NAB, St George, Suncorp, and others.

Consumers expect to be able to pay by card, it’s considered a safe and convenient payment method. In 2019 Australians used cards to pay for 72% of goods and services, up from 86% in 2027.

 

 

 

Apply anytime, anywhere

  • No application fee
  • No obligation
  • See how much you qualify for

Still have questions?

See our FAQs

Chances are someone else has had the same question and the answer will be in our FAQs.

Call us

Call us between
8:00am – 6:00pm (AEST) Monday – Friday

1300 760 930

Copyright © 2019 Capify Australia PTY LIMITED (ABN 38 630 469 117) trading as Capify. All Rights Reserved.
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