MCL Finance Alternatives

This guide lists five UK focused alternatives to MCL Finance, so buyers can compare speed, eligibility, products, and pricing before applying. Data was generated on 2025-11-01T12:00:00Z; always confirm current terms with the provider.

Quick Compare:

1. YouLend

YouLend offers revenue-based financing solutions for UK businesses seeking quick access to capital. They focus on flexible, unsecured funding with fast decision times, suitable for SMEs looking for a cash boost tied to sales performance.

Loan and pricing details

• Min amount: £3,000
• Max amount: £1,000,000
• APR min: Unknown
• APR max: Unknown
• Loan durations: Variable based on revenue agreement

Funding range note: from £3,000 to £1,000,000 typically

Speed: Rapid decision making

Interest rate notes: Rates depend on sales volume and lender criteria

Eligibility

• Min trading months: Unknown
• Min monthly turnover: Unknown
• Credit flexibility: Good credit flexibility with focus on card sales.

Personal guarantee: No personal guarantee usually required

Homeowner advantage: Not applicable

Services and sectors

• Products: revenue_based_finance
• Industries: Retail, Hospitality

Best for

• Businesses seeking flexibility
• Rapid funding

Pros

• Quick access to funds
• Flexible repayment

Cons

• Depends on card sales
• May not suit non-retail

Sources: https://www.iwoca.co.uk/lenders/youlend-loan https://www.smartfundingsolutions.co.uk/news/general/youlend-loans-is-this-the-right-choice-for-your-business/

2. Liberis

Liberis offers simple business cash advances that are typically used for working capital or growth. They focus on flexible funding embedded within sales platforms, often suitable for businesses needing quick access without collateral. Their products cater to merchants seeking transparent, straightforward cash advances.

Loan and pricing details

• Min amount: Unknown
• Max amount: Unknown
• APR min: Unknown
• APR max: Unknown
• Loan durations: Varies with agreement

Funding range note: Unknown

Speed: Fast access, typically within days

Interest rate notes: Advance fee based on turnover, not interest rate.

Eligibility

• Min trading months: Unknown
• Min monthly turnover: Unknown
• Credit flexibility: Flexible requirements based on sales history.

Personal guarantee: Often not required

Homeowner advantage: Not applicable

Services and sectors

• Products: business_cash_advance
• Industries: E-commerce, Retail

Best for

• Businesses needing simple terms
• Integration with sales platforms

Pros

• Integrated funding solutions
• Transparent terms

Cons

• Unknown funding range
• Sales dependent

Sources: https://www.elavon.co.uk/resource-center/maximise-your-solutions/liberis-business-funding.html https://opayo.liberis.co.uk/

3. Nucleus Commercial Finance

Nucleus Commercial Finance provides a range of business loans, asset finance, and invoice finance options. They focus on quick processing and flexible terms suitable for firms seeking working capital or asset purchase funding, often with high LTV options and varied security choices. Their services are accessible through brokers or directly.

Loan and pricing details

• Min amount: £3,000
• Max amount: £500,000
• APR min: Unknown
• APR max: Unknown
• Loan durations: Flexible based on agreement

Funding range note: from £3,000 to £500,000

Speed: Lightning quick processing

Interest rate notes: Interest rates are risk-based.

Eligibility

• Min trading months: Unknown
• Min monthly turnover: Unknown
• Credit flexibility: Broad approval criteria

Personal guarantee: May be required depending on case

Homeowner advantage: Helps in securing larger loans

Services and sectors

• Products: term_loan, invoice_finance, asset_finance
• Industries: Construction, Manufacturing, Service

Best for

• Businesses with diverse needs
• Require fast processing

Pros

• Versatile products
• Fast funding

Cons

• May require PG
• Risk-based rates

Sources: https://nucleuscommercialfinance.com/ https://uk.linkedin.com/company/nucleus-commercial-finance-ltd-

4. Iwoca

Iwoca provides short-term business loans and credit options to UK SMEs. They focus on fast approval, flexible repayment options, and quick funds, suitable for firms needing rapid cash flow solutions and short repayment periods.

Loan and pricing details

• Min amount: £1,000
• Max amount: £1,000,000
• APR min: Unknown
• APR max: Unknown
• Loan durations: 1 day to 24 months

Funding range note: from £1,000 to £1,000,000

Speed: Quick decisions within hours

Interest rate notes: Interest is risk-adjusted per client

Eligibility

• Min trading months: Unknown
• Min monthly turnover: Unknown
• Credit flexibility: Flexible, case-by-case basis

Personal guarantee: Usually required for higher amounts

Homeowner advantage: Beneficial for unsecured loans

Services and sectors

• Products: short_term_loan, invoice_finance
• Industries: Retail, Service

Best for

• SMEs requiring quick cash
• Short-term borrowing

Pros

• Rapid access
• Flexible uses

Cons

• Short term focus
• Higher PG requirement

Sources: https://www.iwoca.co.uk/ https://www.nerdwallet.com/uk/business-loans/iwoca-business-loan-review/

5. Capify

Capify offers flexible business financing, including short-term loans and merchant cash advances for small firms. They focus on quick approval, flexible repayment options, and funding for immediate or short-term needs, often with brokered access for faster results.

Loan and pricing details

• Min amount: £5,000
• Max amount: £1,000,000
• APR min: Unknown
• APR max: Unknown
• Loan durations: Short term agreements

Funding range note: from £5,000 to £1,000,000

Speed: Same-day funding available

Interest rate notes: Based on loan term and risk profiile, typically higher for short terms

Eligibility

• Min trading months: Unknown
• Min monthly turnover: Unknown
• Credit flexibility: Designed for small businesses

Personal guarantee: Often required

Homeowner advantage: Beneficial but not necessary

Services and sectors

• Products: short_term_loan, merchant_cash_advance
• Industries: Retail, Hospitality

Best for

• Fast funding
• Businesses unable to go through banks

Pros

• Quick approval
• Flexible repayment

Cons

• High rates for quick cash
• Requires PG

Sources: https://www.capify.co.uk/ https://uk.trustpilot.com/review/capify.co.uk

Final notes

When comparing providers, match loan size, timeline, and sector fit first, then confirm current rates and fees with the finance provider. If one option declines your application, a broker or multi lender panel may still place the deal.

Matching the right provider depends on your needs. Banks are suitable for larger, secured loans with longer terms. Brokers can access a variety of lenders, offering more options. Specialist lenders focus on niche markets and may offer quick decisions. For quick, flexible solutions, consider specialists or brokers. For larger, secured funding, banks are often preferred. To find the best option, compare providers and consult a Funding Agent at Funding Agent.