Merchant Cash business loans review

Get your business dreams on track with financing from Merchant Cash

Time waits for no business, so when it comes to business financing, how quickly you can access money is almost as important as accessing the money itself. An unsecured business loan from Merchant Cash can give you access to up to $5,000,000, with the money being made available in your account within 24 hours. The application process is quick and simple and repayment terms are set so they best meet your business needs. Read more about the benefits of a business loan from Merchant Cash below, and see if it could help you achieve your business goals.

How does an unsecured business loan from Merchant Cash work?

Apply online for a Merchant Cash loan and wait to be contacted by a member from their customer service team. Depending on who you bank with, you can access your approved loan amount within one day. As the loan is unsecured you won't need to risk any of your business assets to borrow. You then repay the loan depending on the terms set out in your loan contract — these are decided on an individual basis to fit in with your cash flow.

Features of a Merchant Cash loan

  • Quick application and turnaround time.
    You can apply quickly and easily online and see if you've been approved in as little as one day. Then, once you've been approved, the money can be in your account within 24 hours.
  • Large loan amounts available.
    For an unsecured business loan, Merchant Cash lets you borrow between $5,000 to $5,000,000. These loan amounts can help you finance the business purposes you need.
  • Repayments structured for your business needs.
    Merchant Cash set out your repayments according to your business' cash flow. This helps you manage your ongoing repayments and pay back your loan.
  • Flexible eligibility requirements.
    If you've been in business for at least 12 months and have at least $5,000 in monthly sales, you can apply for an unsecured business loan.

What will a Merchant Cash loan cost me and my business?

For loans up to $5,000,000, you can use the unsecured business loan calculator on the Merchant Cash website to find out how much your loan will cost. For loans over this amount, Merchant Cash will advise of the costs when you apply, or you can get in contact with them. The cost depends on how much you borrow and how long you take to repay the loan.

What else do I need to know before I apply?

Make sure you compare your loan options before you apply and think about whether your business will be able to afford the repayments. Large loan amounts are available, but with the maximum loan term being set at twelve months your repayments may be quite high. You should consider if the amount of finance you're looking to borrow is too much and if you could stand to reduce it in order to lower your repayments.

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How to apply for a loan with Merchant Cash

One of the benefits of a Merchant Cash loan is their simple application process. If you want to apply, just click 'Go to Site' to be securely redirected to the online application form. To be eligible you need to meet the following criteria:

  • Your business needs to have been trading for at least 12 months
  • You need to be able to show at least $5,000 in monthly sales

You'll need to provide the following information in your initial application:

  • Your name and phone number
  • Your business' name and ABN
  • The location of the business
  • The length of time your business has been operating
  • The amount you want to borrow and the reason
  • Indicate whether you own any commercial or residential property

Business lenders you can compare

Whilst we don't compare Merchant Cash Business Loan directly, use the table below to see how they compare against other loans

Rates last updated March 21st, 2018
Name Product Min Loan Amount Max. Loan Amount Loan Term Application Fee Product Description
Prospa Business Loan
0.25 to 2 years
Apply for up to $250,000 and receive your approved funds within one business day. Note: Businesses must have a turnover of more than $5,000 per month and be able to demonstrate 6 months of trading history.
NAB QuickBiz Loan
1 to 3 years
An unsecured business loan from $5,000 that can be processed in 1 business day. Businesses that apply and are approved before 30 April 2018 are eligible for a discounted interest rate of 12.95% p.a.
OnDeck Business Loans
0.5 to 2 years
$0 (2.5% origination fee)
Apply online for up to $150,000 with OnDeck and receive approved funds in one business day.
Moula Business Loan
0.5 to 2 years
Small business loans of up to $250,000 approved and funded within 24 hours.
Transparent fees and rates. Note: Business must have been operating for at least 12 months and have monthly sales of at least $5,000.
Sail Unsecured Business Loan
1 year
2.5% origination fee
Apply for up to $100,000 even if you have bad credit. Note: Business must have been operating for at least 6 months and have turnover over $50,000.
GetCapital Flexible Business Loan
0.25 to 1 years
1.5% to 2.5% initial draw down fee
A flexible business loan that allows you to earn Qantas rewards points. Note: Business must have been operating for at least 9 months and have monthly sales of at least $10,000. Flexible Business Loan
0.5 to 1 years
1.5% Initial draw down fee
A 100% online business loan with amounts available from $5,000. Flexible eligibility criteria and transparent rates and fees.

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