At a glance
| Repayment | A share of daily card sales |
|---|---|
| Security | Future card receivables |
| Assessment | Card and bank history |
| Speed | Fast approvals and funding |
| Best for | Card-heavy businesses |
How merchant cash advance work
If most of your revenue comes through EFTPOS, your card history can fund you. Repayments come out of settlements automatically, so there's no fixed amount due in a slow week.
It's a popular option for hospitality and retail, especially heading into a peak season or recovering from a closure.
Who it suits
- Cafés, restaurants, bars and takeaway
- Retailers, salons and gyms with card takings
- Seasonal businesses with lumpy weeks
- Owners who prefer repayments linked to sales
How it works
- Check eligibility60 seconds online, with no credit score impact.
- Connect your bank statementsA secure, read-only link that takes a few minutes. No tax returns.
- Get a decisionOften within hours, with repayments set out clearly.
- Get fundedIn as little as 2 hours after approval.
What you'll need
- Driver licence
- An active ABN and 6+ months trading
- Read-only access to your business bank statements
- A few basic business details
Not needed: No tax returns, financial statements or property.
A beachside café gearing up for summer
A Sunshine Coast café wanted a new kitchen line and extra staff before the summer rush. An advance repaid from card settlements meant lower repayments during the quiet winter tail and higher ones once the crowds arrived.
Frequently asked questions
How is a merchant cash advance repaid?
A fixed percentage of your daily card settlements goes towards the advance until it's repaid, so repayments rise and fall with your sales.
Is a merchant cash advance right for me?
It suits businesses with strong, consistent card sales. If most of your income comes through bank transfers, an unsecured loan or line of credit may be cheaper.
Can I combine an MCA with other finance?
Yes, but stacking several advances can squeeze cash flow. If you're already carrying more than one, look at our debt consolidation options.
Does it cost anything to apply?
No. There's no cost to apply or check your eligibility. All costs are set out in writing in your loan offer before you sign anything.
Will checking my eligibility affect my credit score?
No. Our 60-second eligibility check doesn't make a credit enquiry. A credit check is only done later, with your consent, if you decide to proceed.
