How can MCE help fund my business needs?
MCE offers an innovative new financing programme designed to help you manage your cash needs by providing you with a more responsive alternative to traditional bank lending.
How does the programme work?
MCE's products offer a revolutionary way to finance your business operations. The most important thing to remember is that MCE is not a bank. There are no dealings with people who don't understand your business and none of the traditional bank headaches, such as hidden charges or associated costs.
How do I know if I qualify?
You must have been in business for more than 12 months and have at least £3,500 of credit/debit card sales per month, and meet other simple requirements.
What can I use the money for?
Most merchants use the money for business building needs like adding more seats to their restaurants, advertising or stocking up on seasonal merchandise.
How soon can I get funds?
The average time from receipt of an application to funding is usually under 5 to 7 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 therefore there is no discount for early payment. MCE purchases a specific amount of your future sales.
How frequently do I make payments to MCE?
MCE collects an agreed upon percentage of your daily credit and debit card sales.
Will I get a monthly statement from MCE?
Yes, you will receive a printed monthly statement.