This website is owned and operated by Reform Financial Ltd – company number 13084762. Registered address – 124 City Road, London, England, EC1V 2NX. Licensed under the Information Commissioners Office (ICO) for data Handling; DPA No ZA840802.
A Merchant Cash Advance (MCA), also known as a Business Cash Advance (BCA), is an extremely flexible and speedy unsecured funding option for SMEs, allowing businesses just like yours to unlock between £5,000 to £250,000 to use as you see fit.
There are so many benefits to the Merchant Cash Advance, and unlike a traditional bank loan there is no need for personal guarantees, security or assets, no fixed monthly repayments, and no interest rates.
The way it works is that a small percentage of your future credit and debit card sales are taken to repay the advance, meaning you only make repayments when your customers pay you. So if you have a quiet month you simply repay less, and when you are firing on all cylinders you repay more.
The Merchant Cash Advance lends itself extremely well to businesses that take payments through either a card machine (PDQ) and/or businesses that take payments online, and is an extremely quick and easy way to get funding and keep your business thriving.
To keep it simple let’s say you agreed that 10% of your future card and/or online terminal sales would go to the lender to pay back the advance, leaving 90% to come directly to you as per usual. 10% of all future card sales are taken until the advance is repaid.
The majority of our clients love that they don’t even notice the repayments coming out, unlike a typical bank loan where a monthly lump sum must be paid back regardless of how well your business is doing.
A Merchant Cash Advance is suited to all types of SME businesses that take card payments online or in person via a card terminal (PDQ). MCA’s are ideally suited for many types of businesses such as hospitality, convenience stores, supermarkets, services, trades, e-commerce, sole traders and many more.
If your company does not meet the criteria then don’t worry – our expert team can offer a whole array of options tailored to your specific business needs. Just contact us to find your ideal solution.
At Reform Financial we pride ourselves on our ability to work at pace, over-deliver on our promises, and provide award winning service for all of our clients. We know exactly how hard it is to build a strong, long-lasting business, and how integral healthy cash flow is.
As a broker our service is absolutely free of charge for you to use, so you can get the facts you need to make the best decision for your business. We have spent an incredible amount of time building and nurturing extremely strong relationships with our partners, so you can trust us to connect you to only the very best of the best.
Our job is to listen to your business needs and source you the most appropriate funding. Here’s some reasons why behind every exceptional business is an exceptional broker…
1. Brokers offer expert financial guidance
Over 60% of the clients we work with think they need one type of finance when another type of finance would be much more suited. Allow us to explain your options to you so you can choose the most appropriate finance for your business.
2. Brokers save you time and money
This is our job: we listen to what you need and then go to the market to find you the best deal. We have preferential rates and superb relationships with our lenders so we won’t be beaten on price or customer service.
Shopping around for the perfect finance is a full time job that most business owners find takes too much time and is often too confusing. Allow us to work on your behalf and save yourself time and money.
3. Brokers are on your team
Dealing with a broker means dealing with an individual. We take the time to build a relationship with you and always have your best interests at heart – when you win, we win! We hate being passed pillar to post as much as you do so at Reform you will only ever deal with one person who will get to know you and be on your side at all times.
Our process is the most friendly and efficient you will find. There’s no obligation, and we won’t perform credit checks, give you false hope, or waste your time. 99% of the time we can come back to you within 60 minutes of your enquiry.
1. Quick and easy consultation – our experienced and helpful team will ask some top-level questions including information about your business and needs
2. Shortlist and indicative terms – We use our expertise to match you with the very best and most appropriate lenders and come back to you with initial offers
3. Once you are happy with an initial offer, and you want to discuss your needs in more detail with your desired lender, we will connect you. We are here to help throughout the whole process, so you can contact us any time you have a question or need any help
Unlike the majority of other brokers, we never charge any fees. We are extremely confident about the service we provide, so there is no need for us to rely on hidden or unnecessary fees.
Instead we receive a commission upon completion of a job, when you are happy. This commission is offset against the lenders commission, so it will never cost you more to use our service. And because we get paid after we’ve done an exceptional job, it’s always in our best interests to go above and beyond.
We have spent a considerable amount of time building strong relationships with our lenders. We decided to choose quality over quantity with our panel while making sure you have enough options.
Currently we have 200+ trusted lenders who have all delivered exceptional results time and time again. We also have specialist lenders within each sector. Our panel ranges from high street banks, challenger banks, tier 1, 2, and 3 lenders, private funds, debt/equity partners, and Super High Net Worth Individuals.
Never! We are not here to make a quick buck. Instead, we are in it for the long game and will continue to build a business that stands head and shoulders above the competition when it comes to customer service and respect for our clients.
You will receive the same friendly, caring service whether you need your funds yesterday, have a potential project in 6 months, or are just window shopping. Feel free to use our service to benefit you and your business and we will always be more than happy to help.
Reform Financial help thousands of companies and individuals to find the right financial support. The main benefit of speaking with us is that we do not offer advice, but instead we can give you a comprehensive understanding of all of our services, and guide you through the process should you decide that one of our solutions is for you. If you need more information please feel free to visit our Complaints Policy and Privacy Policy.
Reform Financial Limited
124 City Road
London
England
EC1V 2NX
Reform Financial Limited is registered in England and Wales under company number 13084762. Reform Financial Limited does not administer or provide advice relating to any business finance products. Reform Financial Limited can introduce applicants to a number of finance providers based on the applicants circumstances. Reform Financial Limited do not charge for this service but may receive a commission from lenders or other brokers for such introductions.
This website is owned and operated by Reform Financial Ltd – company number 13084762. Registered address – 124 City Road, London, England, EC1V 2NX. Licensed under the Information Commissioners Office (ICO) for data Handling; DPA No ZA840802.