How to Apply for a Merchant Cash Advance
Applying for a Merchant Cash Advance can take just a few minutes if you have all your documentation ready. Our Cash Advance product provides a working capital solution that is significantly faster than traditional channels, giving you access to funding in as little as 24 hours. We require less documentation, offer flexible terms, and ensure a tailored payment plan aligned with your business's turnover. The cash advance is unsecured, meaning no assets need to be pledged, and no equity stake is required. This arrangement benefits business owners who wish to maintain control over their operations.
We understand your time is valuable and that your priority is the day-to-day running of your business. Here’s a breakdown of the two quick and simple ways to apply for a Merchant Capital Cash Advance:
Two Easy Ways to Apply:
- Online: This option is ideal if you have irregular hours or prefer to apply at your convenience. After completing the application, you will immediately receive an email guiding you through the next steps and advising you on any outstanding documentation. Just a few hours later, expect a call from a Merchant Capital sales consultant with an update on your application.
- Face-to-Face / Over the Phone: If you prefer to discuss things in person, you can apply directly with a sales consultant. Our team is well-equipped with the expertise needed to guide you through the process. To connect with one of our sales consultants, email us at info@merchantcapital.co.za or call us at 011 217 2880.
What You Need to Know Before Applying:
Do You Meet the Qualifying Criteria?
To qualify for a Merchant Cash Advance, your business must have been operating for more than 12 months, at least one director must be a South African citizen, you must have a valid lease agreement, and your business should generate an average monthly card turnover of R80,000.
What Happens After You Submit Your Application?
After you submit your application, we will conduct personal and business credit checks, process your documentation, and contact any references you provided to better understand your business’s circumstances.
Required Documentation:
Our online application platform allows you to upload all of your information and documentation in one place, making it simple for you to apply at your own pace. You can email yourself a link to return to your application at any point, so you don't need to complete it all at once.
If you need assistance during the process, you can always call us at 011 217 2880.
Here’s a list of the documentation you’ll need to prepare:
- Lease agreement or proof of property ownership
- Bank statements
- Merchant statements
- Contact information for two suppliers
Personalized Service
Even though you are applying online, you will receive a call from one of our sales consultants to ensure you get the personalized service we pride ourselves on.
Keeping Your Data Safe
Any information you submit to Merchant Capital is kept private and confidential on our internal system. We use minimal information for credit checks, and Merchant Capital does NOT share or sell data with third parties.
