Merchant Cash Advance Scotland – Funding up to £100,000

How can I apply for a merchant cash advance in Scotland?

Businesses across Scotland can easily apply for a merchant cash advance by applying online at Merchant Cash Express. The step-by-step online form is really easy to complete and there are no fees charged for making an application.

The application will require the applicant to provide some details. This is to ensure that the lender can make a fair and accurate assessment of the application in order to ensure responsible lending criteria are met. Details are listed below:

  • Loan amount: The application will ask for how your business is looking to borrow, this is up to £100,000.
  • Personal Details: The applications will ask the business owner to provide some basic personal details about themselves. 
  • Business details: The application will ask to provide some basic details about the business but also some documentation which is used to assess the application.

Should the application be successful, the lender will contact the applicant to discuss the details of the loan being offered. This is a time to answer any questions that you may have as well as to carefully read over the terms and conditions. There is no obligation for applicants to accept the loan offer if they have second thoughts. 

If the loan is accepted, once the offer is finalised and processed the funding will be transferred directly to the associated business account within 24 hours.

How much money can I get from a merchant cash advance for a business based in Scotland?

Scottish businesses are entitled to apply for up to £100,000 in merchant cash advance funding at Merchant Cash Express. Business amounts are decided by the lender and are subject to status.

What makes Scotland such a popular place for businesses?

There are several reasons why Scotland has become a popular place for business. As of March 2020, Scotland had over 364,000 businesses operating within the country which helped to contribute to the country’s GDP of £205 billion. According to the Scottish Government, the two major sectors within Scotland’s private sector economy are Professional, Scientific & Technical and Construction.

Scotland’s two biggest cities, Glasgow and Edinburgh, have become hubs for enterprise and business in the last few decades. Both have helped contribute to the economy and have become a popular place for international corporations, but also amongst homegrown startup businesses looking to get their foot in the door.

The country itself provides a competitive business environment for affordable prices, with the cost of living and working in Scotland less expensive than other in business hubs. Furthermore, Scotland has created a welcoming business environment with financial and tax incentives, whether that’s help with funding or tax relief schemes. It also offers a highly skilled and determined workforce thanks to an excellent education system creating great workers.

Why are so many businesses drawn to Scotland?

Scotland has earned a strong reputation for being a country where businesses from across the world have decided to locate and trade. Below we have highlighted three of the key reasons why we think Scotland is a great place for businesses and why they’re drawn to the great country.

1) An interconnected country: The transport infrastructure within Scotland is one of the best in Europe. It allows businesses to sustainably travel and commute across the country especially thanks to £20 billion of investment into improving the infrastructure. Furthermore, it also allows businesses to travel across the rest of the UK, with links to England, Wales and Northern Ireland. Thanks to the country’s airports, it also provides a great place for international business, allowing it to connect to the rest of the world.

2) Great place for startups: Scotland has a great startup culture, especially within Glasgow and Edinburgh which has seen a number of successful tech startups grow and develop. The country itself provides lots of opportunities for networking and business development, whether that’s for businesses looking for funding for research or looking for investors. 50% of Scotland’s workforce also has a higher education qualification, making it a highly skilled and talented workforce to choose from.

3) Money goes further: One of the benefits of Scotland is that it prides itself as an affordable place to conduct business. The country is very cost-effective for businesses, especially in regard to property, which is much less than other competitors such as London. There are also tax incentives within Scotland which allows businesses to save more money to reinvest to help improve and develop.

What is the difference between a business loan and a merchant cash advance?

Business Loan

A business loan typically operates by a business receiving a lump sum of money and is then expected to repay the loan via monthly repayments and interest. The business pre-agrees with the lender about how long it will need to repay the funding. Failure to make a fixed monthly repayment on time can lead to penalties such as an increase in interest or late-payment fees.

Merchant Cash Advance

A merchant cash advance works by a business borrowing an agreed amount of money, then repaying the loan via a small percentage of their future card sales. This means that every time a customer pays the business using their card, a percentage of that payment goes to the lender which partially repays the loan.

With this form of funding, there are no fixed monthly repayments or interest rates, instead, a fee is added to the overall amount borrowed. This allows the repayment to be primarily based upon sales, therefore more is paid off when the business is making more card payments. This is compared to traditional business loans where often repayment terms do not account for how the business is performing.

A merchant cash advance is only suitable for businesses that make a regular amount of card sales. This is because card sales are so vital for the repayment of the loan. Other than that, this form of business funding is suitable for small businesses, and medium-sized businesses – just as long as they make card sales. The other unique selling point is that a merchant cash advance relies on card payments, which means that the business can keep 100% of its cash sales.

Should I apply for a merchant cash advance for my business in Scotland?

There are many reasons why a business owner might apply for a merchant cash advance. Below we’ve listed three reasons why we think that a business cash advance can be a useful funding option for businesses in Scotland.

1) Suited for different businesses: Part of the popularity of a merchant cash advance is that it can be utilised by sizes and types of businesses. This can make it a great way for a business to receive short-term funding regardless of the industry it is in. The only fundamental element for a business to have is that they must make a regular amount of card sales to qualify for this funding – this can include card transactions via card terminal payments or online card payments. 

2) Can be used for many business needs: A business can decide how they utilise the merchant cash advance. This means that it can be useful for businesses that are looking to invest within the business itself, whether that be expansion marketing or renovating the business. Alternatively, a merchant cash advance has a fast turn around meaning that it can be a useful funding solution during an emergency.

3) Cash flow friendly: One of the benefits of merchant cash advance funding is that it is based on the sales performance of the business. As the loan is repaid only when a customer uses their card, it means that the loan is repaid when sales happen. This can help with the management of cash flow. Especially compared to other business loans which are not based upon business performance and require payment regardless of the business’s cash flow.

Cities we serve in Scotland

We can help businesses across Scotland apply for a merchant cash advance, but if you’re looking for an area in particular, click on one of the buttons below.

Apply for a Merchant Cash Advance today

Once approved, you can receive the funding within as little as 24 hours.

Will You Qualify for a Merchant Cash Advance?

To determine if you qualify, answer ‘YES’ to the following questions:

Is your business 6 months old?

Your business must have operated for 6 months minimum.

Do your monthly card sales total £1,000 or more per month?

Typically, your business needs to generate £1,000 in debit card or credit card sales per month.

Are you a UK resident?

You must be a UK citizen and over the age of 18 to apply. This requires you to provide identification (a passport, or an original birth certificate, for instance) that proves your citizenship.

Are you a limited company?

You must be an active director of a limited company to be eligible for a merchant cash advance.

Making An Application:

  • Total Your Monthly Card Receipts

    The first thing you need to do is calculate your average monthly card sales total.

  • Decide How Much You Want to Borrow

    Carefully consider your business’ needs to decide how much money you would like to borrow.

  • Get Pre-approved

    Simply complete and submit our online application form – it takes less than two minutes.

  • Decide Your Repayment Terms

    Repayments are a percentage of your monthly card sales. You decide what percentage of your revenue to repay each month.

  • Receive Your Money

    Once approved, you can expect to access the funding your business needs in as little as 24 hours.

Apply for a Merchant Cash Advance today

Once approved, you can receive the funding within as little as 24 hours.

Terms & Conditions

1. Terms of website use

1.1. This page (together with the documents referred to on it) represents the Terms and Conditions of Use (“Terms of Use”) on which you may make use of our website www.merchantcashexpress.co.uk (the “Sites”) which is owned, operated, licensed, and controlled by Munee Services Ltd, Registered in England and Wales (Company number: 13401622), Registered Office: 71-75 Shelton Street, London, Greater London, United Kingdom, WC2H 9JQ, licensed by the Information Commissioners Office under Registration number: ZB190167) (referred to herein as the “Company”, “we”, “us” and “our”). The term “You” refers to the users and viewers of our Sites.

1.2. Please read these Terms of Use carefully before using our Sites.

1.3. By using our Sites, you indicate that you accept these Terms of Use and that you agree to be bound by them. If you do not agree to these Terms of Use, please do not use our Sites.

2. Information about us

2.1. The Company is registered in England and Wales with company number 13401622 and its registered office is at 71-75 Shelton Street, London, Greater London, United Kingdom, WC2H 9JQ

2.2. The Company is a service business carrying out the business of credit brokerage in the United Kingdom. The Company does not make loans or credit decisions.

2.3. We are regulated by the Financial Conduct Authority and entered on the Financial Services Register under interim permissions number: 123456

2.4. We are registered with the Information Commissioner’s Office in compliance with the Data Protection Act of 1998 and the Data Protecion act of 2018. Our registration number is ZB190167.

3. Services

3.1. The Company’s services include, but are not limited to, advertising other companies’ credit offerings and effecting introductions between potential borrowers and lenders or other credit brokers in respect of secured and unsecured loans (the “Services”). In order to request a consumer credit loan from a selection of lenders, the Company invites you to complete an Application Form and transmits this completed Application Form to lenders and/or third parties (the “Advertising Partners”).

3.2. The Company does not guarantee that completing an Application Form will result in you receiving a loan offer. Your request is not an application for credit from a specific lender or lenders but an expression of your interest in such products. Individual lenders may require you to complete their own application process and are solely responsible for deciding whether and on what terms to lend to you. Any examples of loan terms on our website are for illustrative purposes only.

3.3. The Company does not charge you any fees for the provision of the Services. If we provide services other than the Services we shall be entitled to charge a fee for those services. The Company will generally receive a brokerage fee from its Advertising Partners for the provision of the Services.

3.4. The Company is not a party to any contract made between you and the Advertising Partners for loans. All rights and obligations under the terms of the contract for a loan are solely between you and the relevant lender.

4. Credit checks on completion of an application form

4.1. By completing the Application Form you authorise the Company to transmit your Application Form to our Advertising Partners.

4.2. By submitting an Application Form you authorise our Advertising Partners to take all such steps as are deemed necessary to independently verify any and all information contained in your Application Form and check your credit worthiness. You understand that these checks may include contacting Credit Reference Agencies (CRAs), fraud and money laundering preventing agencies and the electoral register as well as providing them with information about you.

4.3. By submitting the Application Form you acknowledge that we will acquire and transfer your personal data to our Advertising Partners for the provision of the Services and you consent to our acquisition, control and processing/transfer of your personal data in accordance with the terms of our Privacy Policy (see also section 8 below ‘Privacy’).

4.4. We do not act on behalf of the Advertising Partners or represent them.

5. Accessing our site

5.1. Access to our Sites is permitted on a temporary basis, and we reserve the right to withdraw or amend the service we provide on our Sites without notice (see below). We will not be liable if for any reason our Sites is unavailable at any time or for any period.

5.2. From time to time, we may restrict access to some parts of our Sites, or the entirety of our Sites, to users who have registered with us.

5.3. If you choose, or you are provided with, a user identification code, password or any other piece of information as part of our security procedures, you must treat such information as confidential, and you must not disclose it to any third party. We have the right to disable any user identification code or password, whether chosen by you or allocated by us, at any time, if in our opinion you have failed to comply with any of the provisions of these Terms of Use.

5.4. You are responsible for making all arrangements necessary for you to have access to our Sites. You are also responsible for ensuring that all persons who access our Sites through your internet connection are aware of these terms, and that they comply with them.

6. Intellectual Property

6.1. Our Sites, the content, any materials downloaded, and all intellectual property pertaining to or contained on our Sites (including but not limited to copyrights, patents, database rights, graphics, designs, text, logos, trade dress, trademarks and service marks, (collectively “the Content”) are owned by the Company or other third parties and all rights, title and interest therein shall remain the property of the Company and/or such third parties. All Content is protected by copyright, patent and trademark laws, and various other intellectual property rights and unfair competition laws.

6.2. Logos, trademarks, images, etc. are the property of the Company unless otherwise noted and may not be copied, used, linked, disseminated, etc. without the Company’s prior express written approval. Requests for approval should be directed to [email protected] or Dojono Limited, 71-75 Shelton Street, London, Greater London, United Kingdom, WC2H 9JQ

6.3. You are authorised solely to view and retain a copy of the pages of our Sites for your own personal, non-commercial use. You may also view and make copies of relevant documents, pages, images or other materials on our Sites for the purpose of transacting business with the Company.

6.4. You agree that you will not duplicate, publish, modify, create derivative works from, participate in the transfer of, post on the World Wide Web, or in any way distribute or exploit our Sites, or any portion of our Sites for any public or commercial use without the express written consent of the Company.

6.5. Additionally, you agree that you will not (i) remove or alter any author, trademark or other proprietary notice or legend displayed on our Sites (or printed pages produced from our Sites); and (ii) make any other modifications to any documents obtained from our Sites other than in connection with completing information required to transact business with the Company.

7. Site Security

7.1. You must not misuse our Sites by knowingly introducing viruses, trojans, worms, logic bombs or other material which is malicious or technologically harmful. You must not attempt to gain unauthorised access to our Sites, the server on which our Sites is stored or any server, computer or database connected to our Sites. You must not attack our Sites via a denial-of-service attack or a distributed denial-of service attack.

7.2. By breaching this provision, you would commit a criminal offence under the Computer Misuse Act 1990. We will report any such breach to the relevant law enforcement authorities and we will co-operate with those authorities by disclosing your identity to them. In the event of such a breach, your right to use our Sites will cease immediately.

7.3. We will not be liable for any loss or damage caused by a distributed denial-of-service attack, viruses or other technologically harmful material that may infect your computer equipment, computer programs, data or other proprietary material due to your use of our Sites or to your downloading of any material posted on it, or on any website linked to it.

8. Privacy

8.1. The Company ‘s Privacy Policy applies to use of our Sites, and its terms are made a part of these Terms of Use by this reference.

8.2. Any personal data we process about you will be processed in accordance with our Privacy Policy and by using our Sites to transmit personal data you consent to such processing and you warrant that information provided by you is accurate. Please note that we may transfer your personal data to lenders outside of the European Economic Area, subject to us always meeting the legal requires for such transfer as set out in the Eighth Data Protection Principle of the Data Protection Act 1998.

8.3. Additionally, by using our Sites, you acknowledge and agree that Internet transmissions are never completely private or secure. You understand that any message or information you send to our Sites may be read or intercepted by others, notwithstanding the Company’s efforts to protect such transmissions.

8.4. Please contact us at [email protected] or Dojono Limited, 71-75 Shelton Street, London, Greater London, United Kingdom, WC2H 9JQ if you want to receive details of the relevant credit reference or fraud prevention agencies

9. Disclaimers

9.1. The Company does not promise that our Sites or any content, document or feature of our Sites will be error-free or uninterrupted, or that any defects will be corrected or that your use of our Sites will provide specific results.

9.2. The material on our Sites could include technical inaccuracies or typographical errors. Our Sites and their content are delivered on an “as-is” and “as-available” basis. All information provided on our Sites is subject to change without notice. The Company cannot ensure that any files, documents or other data you download from our Sites will be free of viruses or contamination or destructive features.

9.3. The Company disclaims all warranties, express or implied, including any warranties of accuracy, non-infringement, merchantability and fitness for a particular purpose.

9.4. The Company does not guarantee that submission of an Application Form will result in you receiving an offer of a loan.

9.5. The Company disclaims any and all liability for the acts, omissions and conduct of any third parties in connection with or related to your use of our Sites. You assume total responsibility for your use of our Sites and any linked sites.

10. Our Liability

10.1. The material displayed on our Sites is provided without any guarantees, conditions or warranties as to its accuracy. To the extent permitted by law, we, other members of our group of companies and third parties connected to us hereby expressly exclude:

10.1.1. all conditions, warranties and other terms which might otherwise be implied by statute, common law or the law of equity; and

10.1.2. any liability for any direct, indirect or consequential loss or damage incurred by any user in connection with our Sites or in connection with the use, inability to use, or results of the use of our Sites, any websites linked to it and any materials posted on it, including:

(i) loss of income or revenue;

(ii) loss of business;

(iii) loss of profits or contracts;

(iv) loss of anticipated savings;

(v) loss of data;

(vi) loss of goodwill;

(vii) wasted management or office time; and

(viii) whether caused by tort (including negligence), breach of contract or otherwise, even if foreseeable, provided that this condition shall not prevent claims for loss of or damage to your tangible property or any other claims for direct financial loss that are not excluded by any of the categories set out above.

10.2. This does not affect our liability for death or personal injury arising from our negligence, nor our liability for fraudulent misrepresentation or misrepresentation as to a fundamental matter, nor any other liability which cannot be excluded or limited under applicable law.

11. Indemnity

11.1. By using our Sites, you agree to defend, indemnify, and hold harmless the Company from and against any and all losses, claims, damages, costs and expenses (including reasonable legal and accounting fees) that the Company may become obligated to pay arising or resulting from your use of our Sites, the Content, or your breach of these Terms of Use. The Company reserves the right to assume or participate, at your expense, in the investigation, settlement and defence of any such action or claim.

12. Linking to and from our sites

12.1. Our Sites may contain links to sites maintained by third parties. The Company is not responsible for the content or privacy policies of those sites, and the existence of such links should not be considered an endorsement or recommendation of those sites or of any product or service offered on those sites or of any party that is associated with those sites.

12.2. Please note that other websites and web pages linked to our Sites may be governed by separate terms and conditions, including privacy policies. Please refer to the applicable terms and conditions, including privacy policies of those websites and webpages when visiting them.

12.3. You may link to our home page, provided you do so in a way that is fair and legal and does not damage our reputation or take advantage of it, but you must not establish a link in such a way as to suggest any form of association, approval or endorsement on our part where none exists.

12.4. You must not establish a link from any website that is not owned by you.

12.5. We reserve the right to withdraw this permission without notice. Our Sites must not be framed on any other site, nor may you create a link to any part of our Sites other than the home page.

12.6. If you wish to make any use of material on our Sites other than that set out above, please address your request [email protected] or Dojono Limited, 71-75 Shelton Street, London, Greater London, United Kingdom, WC2H 9JQ

13. Age

13.1. The services and products that we provide on our Sites are intended for those over 18 years of age only, and information contained on our Sites does not amount to an invitation to clients who are under 18 to buy any services or products. All transactions for the supply of services concluded through our Sites are governed by the Terms of Use.

14. Law and jurisdiction

14.1. Your use of our Sites and these Terms of Use are governed by the Laws of England and Wales whose courts have exclusive jurisdiction of any disputes that may arise under or in connection with the Terms of Use.

14.2. However, we retain the right to bring proceedings against you for breach of these Terms of Use in your country of residence or other relevant country.

15. Miscellaneous

15.1. Any failure by the Company to exercise any rights or enforce any of these Terms of Use shall not constitute a waiver of such rights or terms.

15.2. If any provision of these Terms of Use or their application in a particular circumstance is held to be invalid or unenforceable to any extent, the remainder of these Terms of Use, or the application of such provision in other circumstances, shall not be affected thereby, and each provision hereof shall be valid and enforced to the fullest extent permitted by law.

15.3. These Terms of Use constitute the entire agreement between you and the Company with regard to your use of our Sites, and any and all other written or oral agreements or understandings previously existing between you and the Company with respect to use of our Sites are hereby superseded and cancelled.

16. Your complaints

16.1. If you have a complaint, please contact us at [email protected] or Dojono Limited, 71-75 Shelton Street, London, Greater London, United Kingdom, WC2H 9JQ We will investigate your complaint. We will attempt to both resolve your complaint through investigation and to respond to you with the outcome.

16.2. We will acknowledge your complaint within five (5) working days of it being received by our complaints team. Your complaint will be handled by one of the complaints managers in the complaints team and they will issue you with an outcome of the investigation. We will attempt to both resolve your complaint through investigation and to respond to you with the outcome within four (4) weeks of receiving your complaint. If it looks as though our investigation may take longer than eight (8) weeks we will provide with an update on our progress. We will issue a final response letter within eight (8) weeks.

16.3. If you are not happy with our final response, you have the right to have your complaint dealt with by the Financial Ombudsman Service (“FOS”). To do so, you should contact FOS within 6 months of our final response to your complaint. You may write to FOS at the following address: The Financial Ombudsman Service, Exchange Service, London, E14 9SR.