Supporting Business With Finance That Fits
FINANCE MADE CLEAR, SUCCESS MADE POSSIBLE
As a business that accepts card payments, you have access to a funding solution that many others don’t – an alternative to a traditional business loan.
Merchant Cash Advance is designed specifically for businesses like yours, offering unsecured, flexible, and fast cash advances against your future sales!
- Simple & fast application process
- 90% of applicants are approved
- Get an offer within 24 hours
- Few restrictions on purpose
- Eligible after 3 months trading
- Fixed fees from 3%
- No early repayment charge
- Refinance/ Increase exisiting facility
- Simple & fast application process
- 90% of applicants are approved
- Get an offer within 24 hours
- Few restrictions on purpose
- Eligible after 3 months trading
- Fixed fees from 3%
- Refinance/ Increase existing facility
Now including Non-Card income when calculating your Maximum Cash Advance!
What’s the Maximum Cash Advance my business could qualify for?
Two key factors help to determine the maximum Cash Advance your business may be eligible for:
- Time Trading: The length of time your business has been operating.
- Monthly Card Sales: Your average card sales per month (and potentially non-card income—see below)
The table below provides a simplified rough guide illustrating three trading durations: 3 months, 2 years, and 5+ years. In practice, the exact length of time your business has been trading is assessed more precisely. Likewise, your average monthly card sales are evaluated in greater detail than the ranges shown in the table.
Importantly, businesses with mixed income streams (card and non-card) may be eligible for a higher maximum advance. This is because some MCA products we offer now take non-card income into account when assessing the maximum advance, which can be particularly beneficial for businesses that receive payments through various methods, such as cash or bank transfer, in addition to card payments.
How do the fees & the repayments work?
With an MCA, instead of an annual percentage rate like traditional loans, a fixed fee is charged. Another difference compared to traditional loans is that repayments are based on a percentage of your future card income. There is no fixed monthly repayment amount, so when your business performs well, you repay more; when it doesn’t, you repay less.
- Example: If a fixed fee of 5% is charged for a £10,000 advance, the total amount repayable will be £10,500.
- Example: If repayments are set at 10% of your card income, £10 of every £100 goes to repayments, leaving £90 for your business.
- Your card sales.
- MCA repayments track at an agreed percentage of your card sales typically between 5 and 20%.
financial sense
We charge our commercial finance clients a transparent and fair fee, typically 0.5%. By leveraging our lender relationships and cutting-edge database systems, along with our up-to-date and extensive market knowledge, we negotiate the best possible terms for our clients. Therefore, using Fit To Lend makes perfect financial sense.
authorised & Regulated
We are members of the National Association of Commercial Finance Brokers (NACFB) and are registered with the Financial Conduct Authority (FCA). We are committed to upholding the highest ethical and professional standards in the industry. When you choose Fit To Lend, you’re choosing a partner that operates with integrity, transparency, and expertise.
save time
The commercial finance landscape is vast and ever changing, with numerous lenders each offering unique terms and conditions. For SMEs, navigating this maze and assessing the best options can be a time-consuming diversion from core activities. Fit To Lend clients save valuable time. We handle the research, assessment, negotiation, and delivery, you focus on what you do best: running your business.
Trusted expertise
With over 20 years of experience in the commercial finance sector, working closely with SMEs and business owners to understand their unique needs, and to match those needs with the most suitable financial solutions. When you choose Fit To Lend, you’ll be supported by a depth of knowledge & experience. This ensures that the right solution is identified and that a compelling case is presented to lenders in support of your application.
Supporting business with Finance That Fits
Location
20-22 Wenlock Road, London N1 7GU
Tel: 020-3633-4421
WORKING HOURS
Monday – Friday
09:00 am – 05:30 pm
Saturday – Sunday – Closed
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Fit To Lend is a trading name of Fit To Lend Financial Services Ltd (Company No: 14430436), registered at 20-22 Wenlock Road, London, N1 7GU. Fit To Lend Financial Services Ltd (Financial Conduct Authority FRN: 987751) is a credit broker and an appointed representative of White Rose Finance Group Ltd (Financial Conduct Authority FRN: 630772), which is directly authorised and regulated by the Financial Conduct Authority. We are a credit broker and not a lender. Borrowing decisions should be made carefully. Property or other assets used as security may be at risk if you do not keep up with repayments. We comply fully with the General Data Protection Regulation (GDPR) 2018, and all client data and information provided to us will be managed, processed, and kept secure in accordance with the GDPR.