How It Works

A business cash advance does not work like a traditional bank loan. Instead of receiving a lump sum of money upfront then paying back monthly repayments of a fixed amount, a cash advance is where we essentially purchase a portion of your future sales. You sell those sales to us at a discount in order to release the funds that you need right now – then we collect those sales going forward until the original sum lent to you has been repaid.

Here's how it works: You apply for a merchant cash advance. It's a short process – just fill out our application form and one of our team will get back to you as quickly as possible. If your application is approved your funds will be disbursed to your bank account usually with 7 days.

Once you receive the money, you will then start making repayments based on your monthly sales (of a pre-agreed percentage). These repayments will automatically be taken from your company account, so there's no hard work or manual repayments needed on your part.

After your cash advance has been paid off after a month, two months, or even a few years, you go back to receiving 100% of your company's sales going forward. That's all there is to it!

The Initial Business Advance

The amount Megafund Direct funds your business and the amount you pay back are agreed upon at the very start

A small percentage of your total sales is taken as repayment

It doesn't matter if it takes you 5 weeks, 5 months or 1 year to pay us back because you still pay back the same amount

Once you are fully paid off, you go back to receiving 100% of your sales

Everything will go back to normal except you now have increased cash flow and a more valuable and profitable business

You don't need credit card processing facilities

A lot of merchant cash advance companies require you to process credit cards. To cut a long story short, this is so that they can take their monthly repayments from you. We offer a pioneering bank only ACH program – which means that businesses who only trade in cash and checks can take advantage of our merchant cash advance offer – meaning you don't need to invest in complex and costly credit card processing infrastructure.

If you like what you've read, make sure you get in touch with our team today – or fill out the very short application form in order to see whether or not we can help you!

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