Merchant Cash Advance Sheffield – Borrow up to £100,000

Can I apply for a merchant cash advance in Sheffield?

To apply for a merchant cash advance if your business is based in Sheffield, you can complete the online application form on the Merchant Cash Express website. There are no fees attached when you make an application with us. 

The online application will require the business owner to disclose some basic information about the business owners as well as the business itself. The application will likely require the business owner to submit some documentation so that the lender that we connect you with can make a fair and responsible assessment regarding the amount of funding that can be offered. 

Applicants that are successful in their application will be contacted by the lender to discuss the terms and conditions of their loan agreement. There is no obligation to accept the loan if you are unhappy with the terms of the agreement. If the borrower accepts the loan amount, then the funds will be transferred into the agreed bank account within 24 hours of the deal being finalised.

How much money can I get from a merchant cash advance for a Sheffield-based business?

Businesses located in Sheffield and the UK are eligible to borrow up to £100,000 when they apply for a merchant cash advance with Merchant Cash Express. Loan amounts are subject to status.

What is Sheffield like for businesses and startups?

Sheffield, also known as the ‘Steel City’, is renowned historically for being one of the most industrious cities in the whole of the UK. Since its industrial days, it has developed a reputation of being a fantastic place for businesses to thrive, whether they’re startups, small businesses or established businesses looking to relocate.

The wider Sheffield area is home to over 47,000 businesses including some of the world’s most recognisable corporations such as Rolls Royce and McLaren. Industries that have excelled in the city include advanced manufacturing, creative and digital, business services, retail and engineering to name a few.

Thanks to the size of the city as well as its high student population thanks to its two world-leading universities, Sheffield has a great workforce to choose from. There are many young budding entrepreneurs, working professionals, and hungry graduates who can help any business reach and exceed its potential.

Besides its business prowess, Sheffield is also renowned for its culture with a thriving music scene which has produced musical greats such as Pulp and Arctic Monkeys. The city itself has been a stalwart for sport, it’s home to both Sheffield United and Sheffield Wednesday as well as holding snooker at the Crucible.

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

A traditional unsecured business loan entails the borrowing of a lump sum of money. The borrowed amount is then repaid over an agreed period of time. In addition to paying off the borrowed amount, businesses must also pay the interest on the amount borrowed. The business loan and its attached interest are repaid in fixed monthly repayments, failure to pay on time could result in potential penalties.

A merchant cash advance provides a bit more flexibility than a traditional business loan. The business cash advance works by a business borrowing money and agreeing to repay it via a percentage of their future credit or debit card payments that they receive. For instance, each time a person purchases a product using their card, whether that’s online or via a physical card terminal, a percentage of that sale goes to the lender which in turn, repays a small portion of the loan. 

This provides flexibility for businesses as it allows them to repay more when the business is performing well and less when there are quieter periods. Furthermore, unlike a business loan, a merchant cash advance does not require the borrower to pay interest on the loan. This is because an overall fee is added to the amount borrowed, meaning that the borrower only needs to pay the amount borrowed and the additional fee to settle their debt. 

The main stipulation of this form of commercial finance is that the business needs to make a certain amount of card payments a month in order to assure the lender that they’ll be able to repay the loan in the future. Otherwise, this can be a useful way for businesses to receive a cash injection, whether they’re small business owners or running a larger limited company.

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.