FAQs, Frequently Asked Questions at MCE merchantcashexpress.co.uk


Home : How it Works : FAQ's : Testimonials : About Us : Apply Now : Contact Us : News


Frequently Asked Questions How can Merchant Cash Express meet my business funding needs? We offer an innovative new business loan programme that is faster and simpler than a small business loan. Merchant Cash Express is not a bank. With Merchant Cash Express there are none of the headaches of traditional bank lending and no hidden fees or charges. How does the programme work? A business cash advance is designed to help you manage your cash flow by providing you with a flexible repayment plan. We fund your business by purchasing a small percentage of your future credit/debit card receivables. There are no fixed monthly payments. We only get paid when you get paid. How do I know if I qualify? You must be in business for more than 12 months, have at least £3,500 of credit/debit card sales per month, and meet other simple requirements. What can I use the money for? You can use the money for any business purpose. Most merchants use a business cash advance to purchase seasonal inventory, repay debt, pay off taxes or purchase new equipment. How soon can I get funds? We will provide funding within ten working days. Do I need to change card processors? If you do not currently use Lloyds TSB Cardnet, you will be required to switch. What kind of discount do I get if I pay early? Since this is not a loan, there is no monthly payment schedule. We get paid only when you get paid and therefore there is no discount for early payment. How frequently do I make payments to Merchant Cash Express? MCE collects an agreed upon percentage of your daily credit and debit card sales. Will I get a monthly statement from Merchant Cash Express? Yes, you will receive a printed monthly statement. Merchant Cash Express works in partnership with Lloyds TSB Cardnet.
Home - How it Works - FAQ's - Testimonials - About Us - Apply Now - Contact Us - Privacy Policy Sitemap

How can Merchant Cash Express meet my business funding needs?

We offer an innovative new business loan programme that is faster and simpler than a small business loan. Merchant Cash Express is not a bank. With Merchant Cash Express there are none of the headaches of traditional bank lending and no hidden fees or charges.

How does the programme work?

A business cash advance is designed to help you manage your cash flow by providing you with a flexible repayment plan. We fund your business by purchasing a small percentage of your future credit/debit card receivables. There are no fixed monthly payments. We only get paid when you get paid.

How do I know if I qualify?

You must be in business for more than 12 months, have at least £3,500 of credit/debit card sales per month, and meet other simple requirements.

What can I use the money for?

You can use the money for any business purpose. Most merchants use a business cash advance to purchase seasonal inventory, repay debt, pay off taxes or purchase new equipment.

How soon can I get funds?

We will provide funding within ten working days.

Do I need to change card processors?

If you do not currently use Lloyds TSB Cardnet, you will be required to switch.

What kind of discount do I get if I pay early?

Since this is not a loan, there is no monthly payment schedule. We get paid only when you get paid and therefore there is no discount for early payment.

How frequently do I make payments to Merchant Cash Express?

MCE collects an agreed upon percentage of your daily credit and debit card sales.

Will I get a monthly statement from Merchant Cash Express?

Yes, you will receive a printed monthly statement.

Merchant Cash Express works in partnership with Lloyds TSB Cardnet.