Scale your business in a few clicks

Whether you’re online or on the high street, Merchant Cash Advance is perfect for any business that takes card payments.

  • Borrow from £1,000 - £50,000 (up to two months' turnover)
  • Pay a fixed fee only (no interest)
  • Repay based on revenue
  • Skip the paperwork, link your bank account online
  • Get funded within 24 hours

Applying won’t affect your credit score.


How it works


1

Link up

Link your bank account online with open banking; we’ll make a decision based on your last few months’ sales – up to two times your revenue capped at £50,000. There’s no need to send in bank statements.

2

Get paid

Once approved, choose the amount you need and how much of your revenue to repay each month (up to 25%) – we'll send the money over in seconds.

3

Repay at your pace

If revenues slow down, so do repayments. The more you sell, the quicker you repay – you just need to cover at least 12.5% of the total cost every three months.

Spend on stock or back your next big idea – you’ll only start repaying when sales come in

Spend on stock or back your next big idea – you’ll only start repaying when sales come in


No interest

You’ll just pay one upfront fee - so it’s clear what you’re paying from the start.

No paperwork

Just link your bank account and we'll get back to you with a decision in 24 hours. It’s that easy!

Repay when you get paid

Share up to 25% of your revenue each month. If sales slow down, so will your repayments.

All about our Merchant Cash Advance

Here are some questions our customers ask.

Our merchant cash advances start at £1,000 and go up to £50,000, and we’ll lend up to two times your monthly revenue. You can have different revenue streams at once, like e-commerce, card processors or platforms.

There’s no paperwork or long processes. Just link your bank account with Open Banking – we’ll take a look at your revenue and get back to you within 24 hours.

There isn't one. Instead, you'll pay a fixed amount upfront – so from start to finish, you'll be clear on what your Merchant Cash Advance costs (typically between 6-12%). Here's an example:

Amount: £50,000 Fixed fee: 12% Total Cost: £56,000

Based on your revenue, you’ll repay monthly: lower repayments in slow months, higher repayments in busy months. As long as you’re covering 12.5% of your full loan every three months – that’s the minimum – repayments are at your pace.

Here’s how that could look

Let’s say your total repayable amount is £20,000 (what you borrowed and our fee). You share 20% of your revenue with us each month. That means your minimum repayment is £2,500 every three months.

  • Month 1: Your revenue is £5000, so you repay £1000
  • Month 2: Your revenue is £5000, so you repay £1000
  • Month 3: Your revenue is £4000, so you repay £800

Across three months, you’ve repaid £2800 – comfortably above your minimum repayment amount.

If you take card payments (or any kind of revenue online), Merchant Cash Advance could work for you – and it’s particularly useful if you’re in eCommerce, retail or hospitality.

We accept any type of company, including sole traders. You need to have been trading for at least three months, make at least £1000 a month in revenue and have access to online banking with Barclays, HSBC, Lloyds, Natwest, or Santander.

We cover most revenue streams. Here are some well-known eCommerce names- like Amazon, eBay, Shopify or Etsy. Or perhaps you make sales using card processors like Stripe, FDMS, Barclaycard, Elavon, Worldpay, Square, or PayPal, and if you sell on platforms like Deliveroo, UberEats or JustEat, we've got you covered.

Open banking has been designed with security at its heart – here’s how:

Bank-level security – open banking uses rigorously tested software and security systems. You’ll never be asked to give access to your bank login details or password to anyone other than your own bank or building society.

It’s regulated – only apps and websites regulated by the FCA or European equivalent can enrol in the open banking Directory.

You’re in charge – you choose when, and for how long, you give access to your data.

Extra protection – your bank or building society will pay your money back if fraudulent payments are made. You’re also protected by data protection laws and the Financial Ombudsman Service

The process has been easy, uncomplicated and very quick. Their service is excellent with regular contact and support. I highly recommend this company for any business that needs finance.

The process has been easy, uncomplicated and very quick. Their service is excellent with regular contact and support.

Tim Law - Simply Plants

Loved by small businesses (and big names)


iwoca Ltd, 247 Tottenham Court Road, London, W1T 7QX

iwoca Limited is authorised and regulated by the Financial Conduct Authority (reference number: 723378) in relation to regulated credit agreements and are a registered account information service provider (reference number: 791804). We're also registered with the Information Commissioners Office in relation to the processing of personal information (registration number: Z3007540). iwoca Limited is incorporated in England and Wales (company number: 07798925). Our registered office is 10 Queen Street Place, London, EC4R 1AG.