Flexible finance basedon your revenue/sales

A Business Cash Advance is finance that's based on your current and future revenue/sales.

You can borrow up to 175% of your monthly card revenue/sales, with finance available from £3,000 up to £2M to help achieve your business dreams.

Get a Cash Advance now
£3K to £2M
Up to 175% of monthly card revenue
Flexible repayments

What is a Business Cash Advance?

If your business takes card payments and needs a cash flow boost, then a Business Cash Advance (BCA) is the perfect solution. A Business Cash Advance – also known as a Merchant Cash Advance – is a type of lending based on current and future card revenue and works like a business loan but with flexible – instead of fixed – monthly repayments.

With a standard business loan, you will receive a lump sum at the beginning of the term and continue to pay interest for as long as the amount is owed. This means that the total cost of the finance will vary depending on how long it takes you to pay the loan back.

The difference between a standard business loan and a BCA is that, with a Business Cash Advance, the total cost of finance is agreed upfront. Repayments are taken from your revenue, and as this method of repayment is proportional, you will pay back more when your revenue is higher and less when things are slower. The total cost of finance, however, does not change.

The funding can be used for any business purpose and is calculated on your business card takings. If you’re looking for the best Business Cash Advance loan, you’ve come to the right place. With our Business Cash Advance loans, you can borrow up to 125% of your monthly card volumes, from £3,000 to £150,000 and above.

We combine the stability of bank finance with the flexibility and speed of alternative lending platforms and continue to support growing companies with the finance they need to flourish.

What can Business Cash Advance be used for?

New premises

That perfect spot in town you always loved? With this loan, it's all yours!

Management buy-out

Buy-outs can be costly, so remove the stress and get it done with our Property Finance loan.

Growth

Unlock your true potential and grow astronomically with the financial support you need.

Find the right people

Hire new talent to ensure your business flies.

Peace of mind

Rest easy knowing your business has access to the finance it needs.

Unexpected bills

Handle whatever life throws at your business without needing to change course.

How can BCA help?

Fast

Decisions in minutes with our innovative, market leading technology

Flexible

Repayments are based on your card revenue, so you pay back little by little.

Clear

The entire cost is agreed up-front. No surprises or hidden fees, just one cost that won't change over time.

Applying for a Business Cash Advance With Nucleus

We want to help make life easier for you. That’s why we’ve made the process of applying for a cash advance in the UK as simple as possible. Below are the criteria you need to meet, the documents we’ll ask for and the steps for you to follow

1

The
journey begins

Transform your business by completing our simple application form.

2

Your
offer

Our award-winning technology will provide you with an offer in minutes.

3

Sign
your document

Sign your documents effortlessly from anywhere, any time, using any device.

4

The funds
are yours

Get access to your Cash Flow loan the same day.

5

You make
it happen

Use your funds to start changing your business for the better!

Get a Cash Advance now

Are you eligible?

  • You must take payments by card
  • You must have been trading for a minimum of 4 months
  • Your business must be registered in either England or Wales

What do we need?

  • A minimum of 1 month worth of card statements
  • Typically a minimum of 12 months' worth of bank statements
Apply now

We help thousands of UK businesses achieve their goals every year

Get a Cash Advance now*Applying does not affect your credit score

Getting a Merchant Cash Advance can give you the financial support you need in a variety of situations. There are many reasons why businesses often require access to extra funds, including: 

New premises

 Have you got plans to refurbish or extend your existing space, or perhaps even open another premise? A small Business Cash Advance could help you do just that.

Growth

If you’re looking to expand your business, merchant finance can be used to grow your team. Utilise a Merchant Cash Advance by hiring new staff or investing in your existing employees’ development.

Stock

A Business Cash Advance can provide you with the opportunity to get your hands on whatever stock you may need, whenever you may need it. 

New equipment

 If you’re looking for new equipment to extend your offering, or would like to upgrade existing technology or machinery, look no further than Nucleus as your Merchant Cash Advance lender. 

Working capital

 If you’re starting up, a BCA could cover set up costs and help to get your initial idea off the ground.

We have already lent over £1billion to UK SMEs – and yours could be next. Here are just some of the reasons why we’re seen as a premier Business Cash Advance lender:

Fast service

If you are looking for a Merchant Cash Advance in the UK and you need it quickly, you’ll be happy to hear that we offer same-day approval and funding with a full packaged application. Apply online in minutes and receive a quick decision.    

Flexibility

Our Business Cash Advances are tailored to your business. Your company will only pay back what you can afford, with no fixed borrowing term.

Simplicity

The application process is simple, and you can apply for a BCA in minutes. With us, you can expect hassle-free repayments, which are calculated automatically.

We’re human

We have an expert team that are always on hand to help. When you apply for a BCA with us, you will receive a dedicated account manager. Our team understands your business and knows how to help you grow.

Range of funding

Depending on your needs, we can offer Business Cash Advances from between £3,000 and £150,000+.

FAQs

Yes. Both terms are often used interchangeably to describe the same business funding product.

If your application for a Business Cash Advance is approved, you could have the funds in your account within 24 hours.

To qualify for a Merchant Cash Advance, you will need to have been trading for at least four months.

Your Merchant ID Number is the number attached to your processing account (i.e. Lloyds/Barclays/Worldpay) and is used to identify your business for card payment processing. It is very similar to an account number on a bank account.

When you apply for a Merchant Cash Advance, you will come across the term ‘factor rate’. A factor rate is the multiplier to determine the price of your merchant loan. For example, if your factor rate is 1.4 on a loan of £10,000 over twelve months, you’ll pay back £14,000. It is a fixed price and does not fluctuate like interest rates.

When you apply for merchant finance for your business, the split % is the amount of card sales repaid to Nucleus, i.e. 20%. This means 20% of your customers’ daily card transactions will be sent to Nucleus’ bank account as repayment.

A card processer, or acquirer, is a company that provide businesses with card processing accounts/card terminals. Key examples include Worldpay, Lloyds/Cardnet, FDMS/First Data, Barclaycard, Elavon, HSBC/Global Payments, AIB.

After you have applied for a Business Cash Advance, the director or sole trader of the business will have to sign a Sales & Purchase Agreement (SPA), which states the terms of the agreement. By signing it, you will be providing confirmation that Nucleus will have control of your card receivables throughout the contract.

A guarantee & indemnity form is a contract that must be signed by you when you apply for your Business Cash Advance. By signing it, you are providing confirmation that if your business does not or cannot pay, you will personally guarantee any outstanding repayments.

A mandate form is a document that must be signed and completed for each Merchant ID Number (MID) by the customer. It instructs the card processor (i.e. Worldpay) to divert the card terminal revenue into the Trust Account.

Processing statements, also known as card statements or acquirer statements, are monthly breakdowns of the revenue coming through each Merchant ID Number. For example, October 2019’s statement may show you that your business took 20 transactions, which totalled £10,000.

If your business has multiple Merchant ID Numbers (MIDs), then they can sometimes be grouped together under the Head MID/HQ. Any MIDs that sit under the HQ/Head MID are called Outlets.

More Information