MCA Loans for Health Businesses - Apply Now
Merchant Cash Advance (MCA) loans provide health businesses with immediate cash in exchange for a portion of future card sales. This flexible financial solution is ideal for sectors with significant daily card-based transactions, such as dental and physiotherapy clinics. By leveraging future debit and credit card sales, businesses can swiftly access funds necessary for purchasing new medical equipment or upgrading IT infrastructure. Discover more about merchant cash advances and how they can benefit your healthcare practice.
- Quick and easy application process
- Loan disbursed within 24 hours
- No additional charges for early repayment
We Like To Keep Things Simple
to
£500K
zero hidden fees
What are the benefits of MCA Loans for Health Businesses?
MCA loans offer health businesses key advantages, such as fast access to funds within 24 to 48 hours post-approval and repayment terms aligned with cash flow. Businesses with limited credit history can benefit since MCA approval relies more on card sales data rather than credit scores. Learn how invoice financing can complement your cash flow strategy.
What are the different types of MCA Loans for Health Businesses?
Standard Merchant Cash Advance
Standard Merchant Cash Advances are available to UK-based businesses accepting card payments, with a consistent card sales history and at least six months in business. They offer amounts from £2,000 to £300,000 over terms of 3 to 18 months. Explore your options for a business loan today.
Healthcare-Specific Merchant Cash Advance
Tailored for providers with NHS payments processed as card transactions, these advances require a minimum monthly card sales of £5,000, offering between £5,000 to £150,000 over 6 to 12 months. Consider how invoice financing can enhance your healthcare business.
Unsecured Business Line of Credit
This option caters to healthcare providers with a good credit history and consistent cash flow from card transactions, offering up to £250,000 with revolving terms. Discover secured business loan options for long-term projects.
What is an MCA Loan for Health Businesses?
Application Process for MCA Loans
The MCA application process is straightforward, requiring submission of business details and card sales data. Decisions are typically made within 24 to 72 hours, offering a swift pathway to funding. Our team simplifies the process, as shown in our detailed finance insights.
Regulatory and Compliance Aspects
While MCAs must adhere to UK consumer credit laws, they are not regulated by the FCA like traditional loans. Data practices must comply with GDPR, ensuring confidentiality and security. Our expertise in navigating these regulations helps secure and optimize your financial operations effectively.
Borrowing Capacity Explained
MCA loans range from £2,000 to £300,000, affected by historical card sales and industry risk assessments. Competitive rates range from 1.09 to 1.5, providing a valuable source of capital. Check how your healthcare business can maximize borrowing capacity efficiently.
