Merchant Cash Advance

Whether you’re a restaurateur or a retail store owner, raising capital for your business is much easier now more than ever before. Businesses today are actively using card payment devices to offer a convenient shopping experience to their customers. Point-of-sale machines not only offer the merits of cashless transactions; they can become instruments for availing working capital finance. Merchants like you can deploy the funds received to execute operations and achieve short-term business growth.

If a part of your revenue is from debit and credit card swipes, then Capital Float’s ‘Merchant Cash Advance’ is a quick and hassle-free loan option to fund your business needs. This tailor-made financial product is ideal for merchants with consistent card settlements and short-term investment requirements.

We have partnered with multiple point-of-sale (POS) card machine vendors such as Pine Labs, Mswipe, ICICI Merchant Services, MRL Posnet, Bijlipay, etc. Our partnerships with these vendors help merchants like you access customized working capital solutions.

Features

Get Credit Ranging From ₹1 Lakh - ₹1 Crore

To ensure that you’re never short of funds, Merchant Cash Advance allows you to access quick finance up to Rs. 1 crore, depending on your monthly card settlement.

Loan Tenure of 9 to 12 months

With our extremely flexible repayment terms, you can apply for a loan for a tenure of 6 months and up to a year.

Loan Amount Up To 200% of Your Monthly Card Settlement

With Merchant Cash Advance, you can receive funds up to 200% of your monthly sales from card payment machines. Therefore, the higher you earn from card swipes, the higher the loan offer is likely to be.

Quick, Hassle-free Online application procedure

The entire procedure takes just 10 minutes of your time, including filling out an application form and digitally uploading the requested documentation.

72-Hour Disbursal

Through our data-driven competencies, we render the loan decision within hours, and deliver funds to you within 3 days so that you waste no time in covering an unexpected business expense or capitalising on a lucrative business opportunity.

Eligibility Criteria

The eligibility criteria for Merchant Cash Advance is fairly simple and user-friendly. Just ensure that the following terms are met:

  • Your business must have minimum operational history of 1 year
  • Minimum turnover of ₹20,00,000
  • Minimum card acceptance vintage of 6 months
  • Minimum monthly card volume of ₹5,00,000
  • Minimum of six settlements per month

How to apply

  • Click on ‘Apply Now’.
  • Fill in the Sign Up form. This takes less than 10 minutes.
  • Upload the requested documents.
  • Find the required loan amount in your account within 3 days!

Documents Required

Keep digital copies of the following handy at the time of application:

  • Documents pertaining to your current account for the last 12 months
  • VAT returns for the last six months prior to loan application
  • Card settlement statements for 3 months prior to loan application.
  • Yours and your promoter’s KYC documents

Fees and Charges

At Capital Float, we conduct business in the most transparent manner. This means, you’re only obligated to pay a processing fee of up to 2% for the loan. There are no hidden or pre-closure penalties during or after your application procedure.

Businesses eligible for loans

mswipe
pinelab
bijlipay
mrlposnet
petpooja
firstdata

Loan process

Apply Now