{"id":22377,"date":"2022-08-31T10:10:31","date_gmt":"2022-08-31T10:10:31","guid":{"rendered":"https:\/\/swoopfunding.com\/ng\/?page_id=22377"},"modified":"2024-03-25T15:31:33","modified_gmt":"2024-03-25T15:31:33","slug":"merchant-cash-advance","status":"publish","type":"page","link":"https:\/\/swoopfunding.com\/ng\/business-loans\/merchant-cash-advance\/","title":{"rendered":"Merchant cash advance"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"22377\" class=\"elementor elementor-22377\">\n\t\t\t\t<div class=\"elementor-element elementor-element-54eb4e2 e-flex e-con-boxed e-con e-parent\" data-id=\"54eb4e2\" data-element_type=\"container\" id=\"hero-title\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-ff393db e-con-full e-flex e-con e-child\" data-id=\"ff393db\" data-element_type=\"container\" 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.elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">Merchant cash advance<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-65ef6a6 elementor-widget elementor-widget-text-editor\" data-id=\"65ef6a6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p style=\"text-align: center\">It may be relatively new to the business world, but the merchant cash advance is already a prime source of funding for consumer-facing businesses.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-128fc50 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"128fc50\" data-element_type=\"section\" id=\"product-page\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element 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id=\"last-updated-container\" class=\"\">\n\n <script id=\"last-updated-schema\" type=\"application\/ld+json\">\n        {\n          \"@context\": \"https:\/\/schema.org\",\n          \"@type\": \"Article\",\n          \"headline\": \"Merchant cash advance\",\n          \n          \"datePublished\": \"2022-08-31T10:10:31+00:00\",\n          \"dateModified\": \"2024-03-25T15:31:33+00:00\",\n          \"author\": [{\n              \"@type\": \"Person\",\n              \"name\": \"Alastair Woods\",\n              \"url\": \"https:\/\/swoopfunding.com\/ng\/author\/alastair-woods\/\"\n            }]\n        }\n    <\/script>\n \n <div class=\"last-updated view-user\" style=\"justify-content: left;\">\n \n <div class=\"info-left\">\n <a href=\"https:\/\/swoopfunding.com\/ng\/author\/alastair-woods\/\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2023\/10\/IMG_2498-scaled-e1697039003508.jpg\" data-lazy-src=\"https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2023\/10\/IMG_2498-scaled-e1697039003508.jpg?is-pending-load=1\" alt=\"Alastair Woods\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\"><\/a>\n <\/div>\n \n <div class=\"info-right\">\n <p>Page written by <a href=\"https:\/\/swoopfunding.com\/ng\/author\/alastair-woods\/\">Alastair Woods<\/a>. <span>Last reviewed on March 25, 2024<\/span>. <span>Next review due 2025.\n <\/span>\n <\/p>\n\n <\/div>\n\n <\/div>\n<\/div>\n\n<div id=\"externalTooltipContent\" style=\"display: none;\">\n <div class=\"top-info\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2023\/10\/IMG_2498-scaled-e1697039003508.jpg\" data-lazy-src=\"https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2023\/10\/IMG_2498-scaled-e1697039003508.jpg?is-pending-load=1\" alt=\"\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\">\n <div class=\"text\">\n <div class=\"name-author\">Alastair Woods<\/div>\n <div class=\"role-user\">South Africa Lead<\/div>\n <\/div>\n <\/div>\n <div class=\"description\">Alastair is South African and has a depth of experience in small business financing and strategy. He has led the launch and development of several successful ventures related to fintech, biotech and agriculture. Alastair studied economics and finance at the University of Cape Town, and then went on to complete his Masters at the University of Edinburgh.<\/div>\n<\/div>\n\n<div class=\"modal fade modal-form modal-user\" id=\"modal-user\" tabindex=\"-1\" role=\"dialog\" aria-labelledby=\"modal-user\" aria-hidden=\"true\">\n <div class=\"modal-dialog\" role=\"document\">\n\n <div class=\"modal-content\">\n <div class=\"modal-header\">\n <button type=\"button\" class=\"close\" data-dismiss=\"modal\" aria-label=\"Close\">\n <span aria-hidden=\"true\">&times;<\/span>\n <\/button>\n <\/div>\n <div class=\"modal-body\">\n \n <div class=\"top-info\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2023\/10\/IMG_2498-scaled-e1697039003508.jpg\" data-lazy-src=\"https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2023\/10\/IMG_2498-scaled-e1697039003508.jpg?is-pending-load=1\" alt=\"\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\">\n <div class=\"text\">\n <div class=\"name-author\">Alastair Woods<\/div>\n <div class=\"role-user\">South Africa Lead<\/div>\n <\/div>\n <\/div>\n <div class=\"description\">Alastair is South African and has a depth of experience in small business financing and strategy. He has led the launch and development of several successful ventures related to fintech, biotech and agriculture. Alastair studied economics and finance at the University of Cape Town, and then went on to complete his Masters at the University of Edinburgh.<\/div>\n <ul class=\"social-links\">\n <li><a href=\"https:\/\/www.linkedin.com\/in\/alastair-woods-64635315\/\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"text-link\">Linkedin<\/span><i class=\"icon icon-linkedin\"><\/i><\/a><\/li>\n <\/ul>\n \n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f883aea elementor-widget elementor-widget-text-editor\" data-id=\"f883aea\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Fast, flexible, and scalable, the merchant cash advance is a favourite for Nigerian hospitality, retail, and leisure businesses. Using your card payment terminal to access unsecured lending, it\u2019s an ideal solution for businesses with few assets, but a good volume of daily card transactions. With no need to juggle monthly cashflow, repayment is made \u2018at source\u2019 as a percentage of your card revenue. Pay more as business grows, pay less if things are slow. The perfect mix for many SMEs.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-44dd82a elementor-widget elementor-widget-video\" data-id=\"44dd82a\" data-element_type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/www.youtube.com\\\/watch?v=3JXLui1ZBrE&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-widget-video .elementor-widget-container{overflow:hidden;transform:translateZ(0)}.elementor-widget-video .elementor-wrapper{aspect-ratio:var(--video-aspect-ratio)}.elementor-widget-video .elementor-wrapper iframe,.elementor-widget-video .elementor-wrapper video{height:100%;width:100%;display:flex;border:none;background-color:#000}@supports not (aspect-ratio:1\/1){.elementor-widget-video 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.elementor-custom-embed-image-overlay{position:relative;overflow:hidden;height:0;padding-bottom:calc(100% \/ var(--video-aspect-ratio))}.elementor-widget-video .elementor-custom-embed-image-overlay img{position:absolute;top:0;right:0;bottom:0;left:0}}.elementor-widget-video .e-hosted-video .elementor-video{-o-object-fit:cover;object-fit:cover}.e-con-inner>.elementor-widget-video,.e-con>.elementor-widget-video{width:var(--container-widget-width);--flex-grow:var(--container-widget-flex-grow)}<\/style>\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-70699de uael-heading-align-left elementor-widget elementor-widget-uael-table-of-contents\" data-id=\"70699de\" data-element_type=\"widget\" id=\"table-of-content-column\" data-settings=\"{&quot;heading_text_align&quot;:&quot;left&quot;,&quot;heading_bottom_space&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;heading_bottom_space_laptop&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;heading_bottom_space_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;heading_bottom_space_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;separator_bottom_space&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;separator_bottom_space_laptop&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;separator_bottom_space_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;separator_bottom_space_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;content_between_space&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:15,&quot;sizes&quot;:[]},&quot;content_between_space_laptop&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;content_between_space_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;content_between_space_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"uael-table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"uael-toc-main-wrapper\" data-headings=\"h2,h3,h4\" >\n\t\t\t<div class=\"uael-toc-wrapper\">\n\t\t\t\t<div class=\"uael-toc-header\">\n\t\t\t\t\t<span class=\"uael-toc-heading elementor-inline-editing\" data-elementor-setting-key=\"heading_title\" data-elementor-inline-editing-toolbar=\"basic\" ><\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-toc-toggle-content\">\n\t\t\t\t\t<div class=\"uael-toc-content-wrapper\">\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t<ul data-toc-headings=\"headings\" class=\"uael-toc-list uael-toc-list-none\" data-scroll=\"\" ><\/ul>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"uael-toc-empty-note\">\n\t\t\t\t\t<span>Add a header to begin generating the table of contents<\/span>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eaf9a4c question elementor-widget elementor-widget-heading\" data-id=\"eaf9a4c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is a merchant cash advance?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a8f5d66 answer elementor-widget elementor-widget-text-editor\" data-id=\"a8f5d66\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>A merchant cash advance (MCA) is flexible business funding that unlocks future income to provide immediate cash today. These loans may also be called a business cash advance. With an MCA, the lender provides a lump sum that\u2019s repaid from customer card receipts. Repayments are made on a daily, weekly, or monthly basis and as a fixed percentage of card payment receipts. \u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n<p>Merchant cash advances can be easier to obtain than traditional funding options and they\u2019re a good alternative for businesses with few assets, or limited credit history. Businesses that have been rejected for other types of funding may still qualify for a merchant cash advance.<\/p>\n<p>Suitable for businesses with a high volume of card payments, merchant cash advances are used by many types of industry.\u00a0 Sole traders, partnerships and limited companies are welcome to apply.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-90f7fba question elementor-widget elementor-widget-heading\" data-id=\"90f7fba\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How do they work?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fb95bd8 answer elementor-widget elementor-widget-text-editor\" data-id=\"fb95bd8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Any business that receives payment via a card terminal may qualify for an MCA. Because the lender works with the card terminal provider, (the company that processes your transactions), they see the volume of card payments your business receives. The lender uses this information to calculate the sum they will lend and a plan to pay back the loan.<\/p>\n<p>Because the loan and repayment plan are based on your trading pattern and how much money your business makes, merchant cash advances adapt to the way your business operates. The percentage of customer receipts you pay to the lender does not change, but the sum you repay daily, weekly, or monthly, does. It will fluctuate to match your card payment income. (This flexibility can work particularly well for businesses with variable or seasonal income).<\/p>\n<p>By design, merchant cash advances make repayment simple and you never have to worry about sending a remittance. Loan repayments are taken \u2018at source\u2019, which means they are sent directly to the lender by your card terminal provider.\u00a0\u00a0\u00a0<\/p>\n<p>How much you can borrow will depend on factors such as your card turnover and the repayment sum the lender is confident you can comfortably afford.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a1d3fd5 elementor-widget elementor-widget-ucaddon_a_word_from_andrea\" data-id=\"a1d3fd5\" data-element_type=\"widget\" data-widget_type=\"ucaddon_a_word_from_andrea.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\n\t\t\t\n<div class=\"word-from-andrea\">\n <div class=\"left-info\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/ng\/wp-content\/themes\/swoopMW50\/assets\/images\/andrea.png\" alt=\"Andrea Reynolds, Swoop\u2019s CEO & Co-Founder\" width=\"136\" height=\"136\">\n <div class=\"position\"><strong>Andrea Reynolds<\/strong><br>Swoop\u2019s CEO & Co-Founder<\/div>\n <\/div>\n <div class=\"right-info\">\n <p class=\"title-module\">A word from Andrea<\/p>\n <div class=\"description\">\n <p><em>\"With a merchant cash advance (MCA) you can unlock future income to provide immediate cash. The lender provides a lump sum that\u2019s repaid from customer card receipts. Repayments are made on a daily, weekly, or monthly basis and as a fixed percentage of card payment receipts.\"<\/em><\/p> <\/div>\n <\/div>\n<\/div>\n\n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e0104b1 question elementor-widget elementor-widget-heading\" data-id=\"e0104b1\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Is a merchant cash advance a loan?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-15405c1 answer elementor-widget elementor-widget-text-editor\" data-id=\"15405c1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Yes and no. Technically, all types of borrowing are a loan, but merchant cash advances differ from standard\u00a0<a href=\"https:\/\/swoopfunding.com\/ng\/loans\/\">business loans<\/a>\u00a0in several ways.<\/p><p>Firstly, a merchant cash advance is\u00a0unsecured. It does not require collateral, or assets to back the loan. You do not need to be a homeowner. The money is lent to your business and you pay it back as a percentage of your card payment income. The volume of your card payments and the amount of money your business makes are what qualify you for the loan and how much the lender will advance to you.<\/p><p>Secondly, merchant cash advances adapt to your business. As you grow, you repay faster. During\u00a0 lulls, you repay slower. The time it takes to clear the loan is determined by the performance of your business. However, like other loans, an MCA has a fixed \u2018sunset\u2019 point \u2013 which is the final date for full repayment of the loan. This can be short \u2013 three months, or long \u2013 three years.<\/p><p>Thirdly, standard business loans may incur hefty late charges or penalties for early repayment. A merchant cash advance does not. Because repayments are taken at source, it is not possible to be late, so there can be no late charges. You also repay the loan based on trading, so if your business grows rapidly, you pay the loan back sooner. Early repayment does not incur a penalty charge.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c01fd06 question elementor-widget elementor-widget-heading\" data-id=\"c01fd06\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What can I use a merchant cash advance for?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-51d70b3 answer elementor-widget elementor-widget-text-editor\" data-id=\"51d70b3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>You can use a merchant cash advance for wide range of legitimate business purposes, including:<\/p><ul><li>Purchase of stock<\/li><li>Premises refit or expansion<\/li><li>Large order funding<\/li><li>Regular cashflow<\/li><li>Marketing and new business programmes<\/li><li>Purchase of plant or office equipment<\/li><\/ul><p>In short, if your business needs funds to grow, a merchant cash advance could work for you.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bc5d1d8 question elementor-widget elementor-widget-heading\" data-id=\"bc5d1d8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Examples business types that could utilise a merchant cash advance:<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-34fd3bb answer elementor-widget elementor-widget-text-editor\" data-id=\"34fd3bb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul>\n<li>Restaurants and takeaways<\/li>\n<li>Ecommerce stores<\/li>\n<li>Pubs and bars<\/li>\n<li>Hotels<\/li>\n<li>Hairdressers and beauty salons<\/li>\n<li>Garages<\/li>\n<\/ul>\n<p>Even if your card turnover has dropped because of the COVID-19&nbsp;pandemic, you can still apply for an MCA. Use the loan to pay off debts, replace stock, refit your premises to be COVID-19&nbsp;secure, drive marketing and promotions, or any other business purpose.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-651e4bd question elementor-widget elementor-widget-heading\" data-id=\"651e4bd\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How much does an MCA cost?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a99683f answer elementor-widget elementor-widget-text-editor\" data-id=\"a99683f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The cost of an MCA is determined by a mix of factors, such as your industry sector, business credit rating, volume of card receipts, and your turnover. The cost is called the factor rate and it is set at a fixed rate per \u20a61 borrowed. Typical factor rates vary from 7kobo to 35kobo per \u20a61 you borrow. (These variables would be expressed as factor rates of 1.07 and 1.35).<\/p><p><em>Example<\/em>: \u20a61,000 borrowed at a factor rate of 1.2 (20kobo per \u20a61 borrowed), means you repay \u20a61,200.<\/p><p>The factor rate is set at the time the loan is made. It does not rise or reduce as the loan is repaid. Nor does it reduce if the loan is paid back sooner than expected. Contact us today to receive a rate quote tailored to your specific business needs.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-003d5d9 question elementor-widget elementor-widget-heading\" data-id=\"003d5d9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is a factor rate?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f1fd26b answer elementor-widget elementor-widget-text-editor\" data-id=\"f1fd26b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The factor rate is the fee charged by the merchant cash advance provider. Unlike an interest charge, that may be variable, the factor rate is set at a fixed pennies per pound borrowed. Borrow \u20a61 at a factor rate of 1.35 and you will repay \u20a61.35. Typical factor rates are 7kobo to 35kobo per rand borrowed.<\/p><p>Some business loans (for example a bank overdraft) charge interest according to the sum outstanding. The interest paid each month may be based on a variable rate. Merchant cash advances do away with that volatility. The fee is set at the start of the loan and it does not fluctuate. You borrow a lump sum and then pay that back incrementally, plus the fee, via your customer card payments.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3f03859 question elementor-widget elementor-widget-heading\" data-id=\"3f03859\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Merchant cash advance calculator\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3a9d89e answer elementor-widget elementor-widget-text-editor\" data-id=\"3a9d89e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><a href=\"https:\/\/swoopfunding.com\/ng\/business-loan-calculator\/merchant-cash-advance-calculator\/\">Calculate your merchant cash advance repayments<\/a>\u00a0using the calculator below. Enter the amount you would like to borrow, the factor rate, and the amount your business takes in card sales each month to see an example repayment amount.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0da5cf7 elementor-widget elementor-widget-ucaddon_merchant_cash_advance_calculator\" data-id=\"0da5cf7\" data-element_type=\"widget\" data-widget_type=\"ucaddon_merchant_cash_advance_calculator.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\n\t\t\t\n \n <div class=\"merchant-cash-advance-calculator form-calculator\">\n <div class=\"left_column\">\n\n <div class=\"form-group\">\n <div class=\"label_and_numbers\">\n <label for=\"mcarequestedLoanAmount\">I'd like to borrow<\/label>\n <div class=\"tag-number\">\n \u20a6 <span id=\"mcadisplayLoanAmount\" class=\"value-tag\">-<\/span>\n <\/div>\n <\/div>\n <div class=\"input-group mb-3\">\n <input type=\"range\" min=\"2500\" max=\"100000\" value=\"10000\" class=\"slider\" id=\"mcarequestedLoanAmount\" step=\"500\">\n <\/div>\n <\/div>\n\n <div class=\"form-group\">\n <div class=\"label_and_numbers\">\n <label for=\"mcarequestedFactorRate\">My factor rate from the lender is<\/label>\n <div class=\"tag-number\">\n <span id=\"mcadisplayFactorRate\" class=\"value-tag\">-<\/span>%\n <\/div>\n <\/div>\n <div class=\"input-group mb-3\">\n <input type=\"range\" min=\"1.00\" max=\"3.0\" value=\"1.25\" class=\"slider\" id=\"mcarequestedFactorRate\" step=\"0.25\">\n <\/div>\n <\/div>\n\n <div class=\"form-group\">\n <div class=\"label_and_numbers\">\n <label for=\"mcamonthlyCardTakings\">I take on average per month in card sales<\/label>\n <div class=\"tag-number\">\n \u20a6 <span id=\"mcadisplayMonthlyCardTakings\" class=\"value-tag\">-<\/span>\n <\/div>\n <\/div>\n <div class=\"input-group mb-3\">\n <input type=\"range\" min=\"1000\" max=\"100000\" value=\"20000\" class=\"slider\" id=\"mcamonthlyCardTakings\" step=\"500\">\n <\/div>\n <\/div>\n\n <div class=\"form-group\">\n <div class=\"label_and_numbers\">\n <label for=\"mcarequestedPercentageCardRepay\">I want to repay back of future card sales<\/label>\n <div class=\"tag-number\">\n <span id=\"mcadisplayPercentageCardRepay\" class=\"value-tag\">4<\/span>%\n <\/div>\n <\/div>\n <div class=\"input-group mb-3\">\n <input type=\"range\" min=\"10\" max=\"60\" value=\"20\" class=\"slider\" id=\"mcarequestedPercentageCardRepay\" step=\"5\">\n <\/div>\n <\/div>\n\n <p class=\"note-calculator\">This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan.<\/p>\n\n <\/div>\n <div class=\"right_column\">\n <p class=\"title\">Your results<\/p>\n <div class=\"show-number\">\n <p class=\"title-result\">Total loan repayment<\/p>\n <p class=\"number-result\">\u20a6<span id=\"mcatotalLoanRepay\">-<\/span><\/p>\n <\/div>\n <div class=\"show-number\">\n <p class=\"title-result\">Daily average repayment<\/p>\n <p class=\"number-result\">\u20a6<span id=\"mcadailyRepayment\">-<\/span><\/p>\n <\/div>\n <div class=\"show-number\">\n <p class=\"title-result\">Repaid in (approx.)<\/p>\n <p class=\"number-result\"><span id=\"mcarepaidDays\">-<\/span> days<\/p>\n <\/div>\n\n <a href=\"https:\/\/southafrica.swoopfunding.ng\/stage\/\" class=\"btn btn-lg btn-dark btn-block\" target=\"_blank\" rel=\"noopener\">Get a quote<\/a> \n\n <\/div>\n <\/div>\n\n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-14dae83 elementor-widget elementor-widget-spacer\" data-id=\"14dae83\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-column .elementor-spacer-inner{height:var(--spacer-size)}.e-con{--container-widget-width:100%}.e-con-inner>.elementor-widget-spacer,.e-con>.elementor-widget-spacer{width:var(--container-widget-width,var(--spacer-size));--align-self:var(--container-widget-align-self,initial);--flex-shrink:0}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container,.e-con>.elementor-widget-spacer>.elementor-widget-container{height:100%;width:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer{height:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner{height:var(--container-widget-height,var(--spacer-size))}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty,.e-con>.elementor-widget-spacer.elementor-widget-empty{position:relative;min-height:22px;min-width:22px}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon,.e-con>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon{position:absolute;top:0;bottom:0;left:0;right:0;margin:auto;padding:0;width:22px;height:22px}<\/style>\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b3efd96 question elementor-widget elementor-widget-heading\" data-id=\"b3efd96\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What are the benefits of merchant cash advances?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1b69312 answer elementor-widget elementor-widget-text-editor\" data-id=\"1b69312\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Merchant cash advances are flexible and scalable. They adapt to the growth and operating pattern of your business. You pay back what your business can afford based on your customer card income. Pay more when business is going well, pay less if things slow down.<\/p>\n<p>Merchant cash advances may be secured without collateral or a deep review of your accounts. They are a good option for businesses with limited credit history or few to no hard assets.<\/p>\n<p>Unlike many other forms of business funding, an MCA can often be secured quickly. In some cases, a loan offer can be made within 24 hours of application.<\/p>\n<p>Repayments are taken at source. There\u2019s no need to waste time juggling your cashflow to meet an upcoming payment. You concentrate on your business and you let the loan take care of itself.<\/p>\n<p>There are no hidden fees. The factor rate, (cost of the loan), is set at the start. You know what you pay from the moment the loan is made.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-60a8ab9 question elementor-widget elementor-widget-heading\" data-id=\"60a8ab9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What are the downsides?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a28713b answer elementor-widget elementor-widget-text-editor\" data-id=\"a28713b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>There are few disadvantages to a merchant cash advance. However, the cost may be higher than a standard business loan. The fee, (factor rate) is set at the start and it is based on your business operation at the time the loan is made. If your business becomes stronger through rapid growth, that will not reduce the fee you pay.<\/p>\n<p>Additionally, because a merchant cash advance is based on card terminal receipts, businesses that trade in only cash, cheque, or bank transfers will not qualify.\u00a0<\/p>\n<p>Lastly, the lender will offer a loan that reflects your card payments turnover. Most lenders will offer a loan 1-2 times monthly card turnover. \u00a0(some may go higher). If you need a loan that is significantly larger than your card turnover, an MCA is probably not the choice for you.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-75c11f6 question elementor-widget elementor-widget-heading\" data-id=\"75c11f6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Are merchant cash advances legal?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b47feec answer elementor-widget elementor-widget-text-editor\" data-id=\"b47feec\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Yes. They are a legitimate form of business finance used by thousands of companies in Nigeria. Swoop works with the best MCA providers to offer optimal solutions for all your business funding needs.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-148cb5a question elementor-widget elementor-widget-heading\" data-id=\"148cb5a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Can I repay the cash advance early?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ce4cb4d answer elementor-widget elementor-widget-text-editor\" data-id=\"ce4cb4d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Yes. There are no penalties for early repayment. However, you will make no financial savings by doing so. The fee you pay, (the factor rate) is set at the start of the loan. It is fixed and it does not go down even if you pay the loan back sooner than expected.<\/p><p>If your business has accrued surplus funds that would allow early repayment, there may be better ways to deploy that cash \u2013 such as an expansion, or a business acquisition. Swoop has a range of financial products to help you get the best from surplus funds. Please\u00a0contact us\u00a0to discuss different ways to make your money make more money.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8ca028a question elementor-widget elementor-widget-heading\" data-id=\"8ca028a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Do cash advances hurt my credit score?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-61b1ca4 answer elementor-widget elementor-widget-text-editor\" data-id=\"61b1ca4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Taking out a cash advance has no direct impact on your credit score, but it can affect it indirectly in various ways. The lender makes their loan decision based on your card payment turnover, business credit rating, length of time in business and the repayment sum they think your business can afford. The lender may also take a soft look at your personal credit history, but that should not hurt your credit score. Only where the lender has concerns about your ability to meet your obligations may they request a hard credit check. That could impact your credit score.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-da97806 question elementor-widget elementor-widget-heading\" data-id=\"da97806\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Can I get one with bad credit?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-431767f answer elementor-widget elementor-widget-text-editor\" data-id=\"431767f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Yes. Because merchant cash advances are granted based on business performance and card turnover, it is possible for operators with bad personal credit to obtain an MCA. Business owners who have been rejected for other types of funding may still qualify for a merchant cash advance.<\/p><p>Bear in mind that an MCA is\u00a0unsecured borrowing. The lender will base their offer on the level of risk involved. The higher the risk, the lower the loan size and the\u00a0 higher the fee (factor rate). Lenders may decline to make an offer to some applicants if their credit score is particularly adverse.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8a7a302 question elementor-widget elementor-widget-heading\" data-id=\"8a7a302\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Can I get one without a credit check?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-92fd8eb answer elementor-widget elementor-widget-text-editor\" data-id=\"92fd8eb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Yes. Lenders place more value on the volume of card customer receipts, the trading and credit history of the business and the ability of the business to make repayments than they do on personal credit. However, as an MCA is unsecured, many lenders will still conduct a \u2018soft\u2019 review of the applicant\u2019s credit rating. In some cases, if there are concerns about an applicant\u2019s ability to meet their obligations, lenders may request a hard credit check.<\/p>\n<p>Businesses that are unable to obtain a merchant cash advance \u2013 for example, due to limited trading history or a low volume of\u00a0 card payments \u2013 may still be able to secure funding from other sources. Swoop can offer a wide range of financial options \u2013 from equity to loans to credit lines \u2013 to suit almost any type of business.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-303b185 question elementor-widget elementor-widget-heading\" data-id=\"303b185\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Can I get one without bank statements?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6cd3119 answer elementor-widget elementor-widget-text-editor\" data-id=\"6cd3119\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Probably not. Although lenders will look at your card payments volume and history first, you must expect to show some financial records. If not bank statements, then filed accounts, or a balance sheet and perhaps your business or tax returns. Although different lenders have slightly different criteria, they are all seeking to identify risk. The more information they have about your business, the more accurate their offer will be.<\/p>\n<p>For sole traders or new businesses, lenders will usually ask to see bank statements. For limited companies, they will ask for a copy of your most recent accounts, as well as your current year\u2019s accounts to date. Having a business bank account and the ability to produce balance sheets will be a bonus. If your company is new, or it doesn\u2019t have audited accounts, your personal tax returns may be used to help calculate the level of risk your business may present.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-834711b question elementor-widget elementor-widget-heading\" data-id=\"834711b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Can I get out of a merchant cash advance?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2748c79 answer elementor-widget elementor-widget-text-editor\" data-id=\"2748c79\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Yes. You can exit an MCA at any time by paying off the remaining advance and fee. There are no penalties for early repayment, but the fee you agreed to at the start of the loan must still be paid in full. There is no discount for repaying sooner than expected.<\/p><p>If you do not have the surplus funds to repay a merchant cash advance, but you still wish to exit the loan, you could do so by other using methods\u00a0 \u2013 such as obtaining a term loan from a new lender, raising new equity to discharge the MCA, or expanding your business to repay the loan from increased revenues.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f10c92a question elementor-widget elementor-widget-heading\" data-id=\"f10c92a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Can I get a same-day merchant cash advance?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b1143d answer elementor-widget elementor-widget-text-editor\" data-id=\"3b1143d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Almost. Some lenders can make an offer within 24 hours. If your card payments volume, business profitability and business credit rating are strong, it is possible to receive an MCA offer within one day of application and the funds placed into your account soon thereafter. Note, however, that although obtaining a merchant cash advance is often faster than other lending choices, in most cases, lenders will need to conduct full risk assessment, which includes contacting your card terminal provider.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6365eb5 question elementor-widget elementor-widget-heading\" data-id=\"6365eb5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What are the interest rates?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8e93b1a answer elementor-widget elementor-widget-text-editor\" data-id=\"8e93b1a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>An MCA does not have a regular interest rate or APR. Instead, the borrower pays a flat fee. This is called the factor rate. It is a fixed price of pennies per pound borrowed. (For example, 35kobo per \u20a61 borrowed \u2013 or a factor rate of 1.35). The fee is set on the total lent \u2013 so a loan of \u20a65,000 at 1.20 factor rate would generate \u20a61,000 in fees for a total of \u20a66,000 to be repaid.<\/p><p>Because repayment of the loan is based on customer card payments, the time to repay the loan can vary considerably. Repayments are set as a percentage of each card transaction \u2013 for example 10%. Increased card receipts will trigger a larger repayment to the loan, which will pay the loan off faster. Less card receipts will generate a smaller repayment to the loan and extend the time it takes to pay down the debt.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-07cf39d question elementor-widget elementor-widget-heading\" data-id=\"07cf39d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Can I get one as a sole trader?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c04b3e9 answer elementor-widget elementor-widget-text-editor\" data-id=\"c04b3e9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Yes. If they meet the minimum criteria, sole traders, partnerships, and limited companies can all apply. You do not need to be a homeowner.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-20cf49c question elementor-widget elementor-widget-heading\" data-id=\"20cf49c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What happens if I default on a merchant cash advance?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b963f4b answer elementor-widget elementor-widget-text-editor\" data-id=\"b963f4b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>With any loan, when a borrower defaults, the lender may pursue other remedies to retrieve their money. A merchant cash advance is no different. Should the lender take action to salvage their loss, the implications for the borrower could include civil law suit, loss of property, bad credit rating, or even bankruptcy. In cases where a borrower has been asked to provide a personal guarantee, (such as with a limited company), it should be expected that the lender will automatically move to take possession of the borrower\u2019s pledged assets to satisfy the loan.<\/p>\n<p>Borrowers should ensure they can repay any loan before accepting an offer. If you have doubts about your ability to meet your obligations, Swoop may be able to provide you with an alternative form of funding, such as\u00a0<a href=\"https:\/\/swoopfunding.com\/ng\/equity\/\">equity<\/a>\u00a0participation.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-86dd927 question elementor-widget elementor-widget-heading\" data-id=\"86dd927\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Can I keep my existing card machine provider?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5fa4fea answer elementor-widget elementor-widget-text-editor\" data-id=\"5fa4fea\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Usually, yes you can. Most lenders will attempt to work with your existing provider. However, some providers restrict the lenders you can use. In such cases, you may have to swap your current terminal for one from a new provider to qualify for the loan.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6a74581 question elementor-widget elementor-widget-heading\" data-id=\"6a74581\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Do I qualify for a merchant cash advance?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8c89bf0 answer elementor-widget elementor-widget-text-editor\" data-id=\"8c89bf0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>If your business accepts card payments from customers, and you can meet the minimum card payments volume set by the lender, then the answer is yes.<\/p><p>Essential requirements:<\/p><ul><li>Minimum volume of card payments<\/li><li>Enough profitability to prove you can repay the loan<\/li><li>Bank statements, or other financial documentation, such as audited accounts<\/li><\/ul><p>There are many merchant cash advance providers. It can be slow to reach them one by one. Let Swoop do the hard work for you. Use our lender network to find the best MCA or other type of funding for all your business needs.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d0ca309 elementor-widget elementor-widget-spacer\" data-id=\"d0ca309\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6009741 elementor-widget elementor-widget-ucaddon_author_page\" data-id=\"6009741\" data-element_type=\"widget\" data-widget_type=\"ucaddon_author_page.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\n\t\t\t\n <div class=\"info-user-post\">\n \n <div class=\"left-info\">\n <a href=\"https:\/\/swoopfunding.com\/ng\/author\/alastair-woods\/\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2023\/10\/IMG_2498-scaled-e1697039003508.jpg\" data-lazy-src=\"https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2023\/10\/IMG_2498-scaled-e1697039003508.jpg?is-pending-load=1\" alt=\"\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\"><\/a>\n <\/div>\n \n <div class=\"right-info\">\n <p>Written by<\/p>\n <p class=\"name-author\"><a href=\"https:\/\/swoopfunding.com\/ng\/author\/alastair-woods\/\">Alastair Woods<\/a><\/h3>\n <p>Alastair is South African and has a depth of experience in small business financing and strategy. He has led the launch and development of several successful ventures related to fintech, biotech and agriculture. Alastair studied economics and finance at the University of Cape Town, and then went on to complete his Masters at the University of Edinburgh.<\/p>\n\n <ul class=\"social-links\">\n \n <li><a href=\"https:\/\/www.linkedin.com\/in\/alastair-woods-64635315\/\" target=\"_blank\" rel=\"noreferrer noopener\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/ng\/wp-content\/themes\/swoopMW50\/assets\/icons\/icon-linkedin-min.svg\" width=\"30\" height=\"30\" alt=\"Linkedin\">\n <\/a><\/li>\n \n <\/ul>\n\n <div class=\"swoop-promise\">\n <p><strong>Swoop promise<\/strong><\/p>\n <p>At Swoop we want to make it easy for SMEs to understand the sometimes overwhelming world of business finance and insurance. Our goal is simple \u2013 to distill complex topics, unravel jargon, offer transparent and impartial information, and empower businesses to make smart financial decisions with confidence.<\/p>\n <p>Find out more about Swoop\u2019s editorial principles by reading our <a href=\"https:\/\/swoopfunding.com\/ng\/about-swoop\/editorial-policy\/\">editorial policy<\/a>.<\/p>\n <\/div>\n\n <\/div>\n <\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ff75b1e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ff75b1e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-6e69c1f open banner-product elementor-hidden-mobile\" data-id=\"6e69c1f\" data-element_type=\"column\" id=\"sticky-banner\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d868189 elementor-widget elementor-widget-image\" data-id=\"d868189\" data-element_type=\"widget\" id=\"close-sticky\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/08\/close.svg\" title=\"close\" alt=\"close\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ccad06f elementor-widget elementor-widget-heading\" data-id=\"ccad06f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Get your free merchant cash advance quote today<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-f998ddd elementor-section-full_width elementor-section-content-middle sticky-info elementor-section-height-default elementor-section-height-default\" data-id=\"f998ddd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-e12175a\" data-id=\"e12175a\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6fd9b2e elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"6fd9b2e\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2021\/02\/icon1.svg\" title=\"icon1\" alt=\"icon1\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f69edcf elementor-widget__width-auto elementor-widget elementor-widget-heading\" data-id=\"f69edcf\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Apply in minutes<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-05b7133 elementor-section-full_width elementor-section-content-middle sticky-info elementor-section-height-default elementor-section-height-default\" data-id=\"05b7133\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-c9986e7\" data-id=\"c9986e7\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7ad3656 elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"7ad3656\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"45\" height=\"42\" src=\"https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2024\/03\/icon-ng-1.svg\" class=\"attachment-full size-full wp-image-39695\" alt=\"Currency NG\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d23bb0c elementor-widget__width-auto elementor-widget elementor-widget-heading\" data-id=\"d23bb0c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<p class=\"elementor-heading-title elementor-size-default\">FREE no obligation, personalised<br>quote<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-f58aa95 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"f58aa95\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/southafrica.swoopfunding.ng\/stage\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Get a quote<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-1686e89 elementor-hidden-mobile\" data-id=\"1686e89\" data-element_type=\"column\" id=\"sticky-banner-mini\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-02bc51c elementor-widget elementor-widget-image\" data-id=\"02bc51c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"28\" height=\"28\" src=\"https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/08\/plus.svg\" class=\"attachment-full size-full wp-image-20027\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-22f5e26 elementor-widget elementor-widget-heading\" data-id=\"22f5e26\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<p class=\"elementor-heading-title elementor-size-default\">G<br>E<br>T<br><br>Q<br>U<br>O<br>T<br>E<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-3e5be9f e-flex e-con-boxed e-con e-parent\" data-id=\"3e5be9f\" data-element_type=\"container\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-d079bb6 e-con-full e-flex e-con e-child\" data-id=\"d079bb6\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4894e14 elementor-widget__width-auto elementor-hidden-mobile elementor-widget elementor-widget-image\" data-id=\"4894e14\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"60\" height=\"33\" src=\"https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/08\/icon-swoop.svg\" class=\"attachment-full size-full wp-image-19975\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-426b21b elementor-widget__width-auto elementor-widget elementor-widget-heading\" data-id=\"426b21b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Create your free Swoop account to easily apply for a merchant cash advance<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b844b76 elementor-widget__width-auto bt-form-45 elementor-mobile-align-center elementor-widget-mobile__width-inherit elementor-widget elementor-widget-button\" data-id=\"b844b76\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/southafrica.swoopfunding.ng\/stage\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Join Swoop<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e529474 e-flex e-con-boxed e-con e-parent\" data-id=\"e529474\" data-element_type=\"container\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-56d6573 elementor-widget elementor-widget-template\" data-id=\"56d6573\" data-element_type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"container\" data-elementor-id=\"26781\" class=\"elementor elementor-26781\">\n\t\t\t\t<div class=\"elementor-element elementor-element-409cdfc8 e-flex e-con-boxed e-con e-parent\" data-id=\"409cdfc8\" data-element_type=\"container\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-6842632 e-flex e-con-boxed e-con e-parent\" data-id=\"6842632\" data-element_type=\"container\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1287855c elementor-widget elementor-widget-heading\" data-id=\"1287855c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<span class=\"elementor-heading-title elementor-size-default\">We have a wide range of loan options<\/span>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2519b983 e-flex e-con-boxed e-con e-parent\" data-id=\"2519b983\" data-element_type=\"container\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-12128954 elementor-widget elementor-widget-ucaddon_pages_related\" data-id=\"12128954\" data-element_type=\"widget\" data-widget_type=\"ucaddon_pages_related.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\n\t\t\t<div class=\"card-list-container\">\n\t\n\n\t<div class=\"card-with-links-widget\">\n\t\t\n\t\t\t\t<a href=\"https:\/\/swoopfunding.com\/ng\/business-loans\/working-capital-loans\/\">\n\t\t\tWorking capital loans\t\t<\/a>\n\t<\/div>\n\n\n\n\t<div class=\"card-with-links-widget\">\n\t\t\n\t\t\t\t<a href=\"https:\/\/swoopfunding.com\/ng\/business-loans\/revolving-credit-facility\/\">\n\t\t\tRevolving credit facility\t\t<\/a>\n\t<\/div>\n\n\n\n\n\n\n\t<div class=\"card-with-links-widget\">\n\t\t\n\t\t\t\t<a href=\"https:\/\/swoopfunding.com\/ng\/business-loans\/small-business-loans\/\">\n\t\t\tSmall business loans\t\t<\/a>\n\t<\/div>\n\n\n\n\t<div class=\"card-with-links-widget\">\n\t\t\n\t\t\t\t<a href=\"https:\/\/swoopfunding.com\/ng\/business-loans\/asset-finance\/\">\n\t\t\tAsset finance\t\t<\/a>\n\t<\/div>\n\n\n\n\t<div class=\"card-with-links-widget\">\n\t\t\n\t\t\t\t<a href=\"https:\/\/swoopfunding.com\/ng\/business-loans\/invoice-finance\/\">\n\t\t\tInvoice finance\t\t<\/a>\n\t<\/div>\n\n\n<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4ed7964 e-flex e-con-boxed e-con e-parent\" data-id=\"4ed7964\" data-element_type=\"container\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-cd7e400 e-flex e-con-boxed e-con e-child\" data-id=\"cd7e400\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-f573fce e-con-full e-flex e-con e-child\" data-id=\"f573fce\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ffabf32 elementor-widget elementor-widget-image\" data-id=\"ffabf32\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"#\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"100\" height=\"60\" src=\"https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/10\/logo-youlend-min.svg\" class=\"attachment-full size-full wp-image-25972\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-dce29c1 e-con-full e-flex e-con e-child\" data-id=\"dce29c1\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-aa98fe5 elementor-widget elementor-widget-image\" data-id=\"aa98fe5\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"#\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"231\" height=\"100\" src=\"https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/10\/logo-nucleus.png\" class=\"attachment-full size-full wp-image-25900\" alt=\"\" srcset=\"https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/10\/logo-nucleus.png 231w, https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/10\/logo-nucleus-46x20.png 46w, https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/10\/logo-nucleus-80x35.png 80w\" sizes=\"(max-width: 231px) 100vw, 231px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f868322 e-flex e-con-boxed e-con e-child\" data-id=\"f868322\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-a1bad4d e-con-full e-flex e-con e-child\" data-id=\"a1bad4d\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-688d75d elementor-widget elementor-widget-image\" data-id=\"688d75d\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"#\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"187\" height=\"100\" src=\"https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/10\/logo-365.png\" class=\"attachment-full size-full wp-image-25973\" alt=\"\" srcset=\"https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/10\/logo-365.png 187w, https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/10\/logo-365-37x20.png 37w, https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/10\/logo-365-80x43.png 80w\" sizes=\"(max-width: 187px) 100vw, 187px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-96eed62 e-con-full e-flex e-con e-child\" data-id=\"96eed62\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8088309 elementor-widget elementor-widget-image\" data-id=\"8088309\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"#\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"203\" height=\"61\" src=\"https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/10\/logo-liberis-min.svg\" class=\"attachment-full size-full wp-image-25974\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c3ad195 e-con-full e-flex e-con e-parent\" data-id=\"c3ad195\" data-element_type=\"container\" data-core-v316-plus=\"true\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e1c7d23 elementor-widget elementor-widget-template\" data-id=\"e1c7d23\" data-element_type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"section\" data-elementor-id=\"11997\" class=\"elementor elementor-11997\">\n\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-db4fd27 e-con-full e-flex e-con e-parent\" data-id=\"db4fd27\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\" data-core-v316-plus=\"true\">\n\t\t<div class=\"elementor-element elementor-element-5de8fca e-flex e-con-boxed e-con e-child\" data-id=\"5de8fca\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-df32f97 e-con-full e-flex e-con e-child\" data-id=\"df32f97\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-982ddef elementor-widget elementor-widget-heading\" data-id=\"982ddef\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Ready to grow your business?<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7886947 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"7886947\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"https:\/\/southafrica.swoopfunding.ng\/stage\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Get started<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e18352c e-con-full cta-mobile-fixed elementor-hidden-desktop elementor-hidden-laptop elementor-hidden-tablet e-flex e-con e-parent\" data-id=\"e18352c\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;position&quot;:&quot;fixed&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t<div class=\"elementor-element elementor-element-502a031 elementor-align-justify elementor-widget elementor-widget-button\" data-id=\"502a031\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/southafrica.swoopfunding.ng\/stage\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">GET A QUOTE<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>It may be relatively new to the business world, but the merchant cash advance is already a prime source of funding for consumer-facing businesses<\/p>\n","protected":false},"author":80,"featured_media":0,"parent":27628,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_acf_changed":false,"footnotes":""},"acf":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","image_blog":"","image_podcast":"","image_banking":"","image_blog_internal":"","image_blog_medium":"","image_single_banking":""},"post_excerpt_stackable":"<p>It may be relatively new to the business world, but the merchant cash advance is already a prime source of funding for consumer-facing businesses<\/p>\n","category_list":"","author_info":{"name":"Alastair Woods","url":"https:\/\/swoopfunding.com\/ng\/author\/alastair-woods\/"},"comments_num":"0 comments","featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","image_blog":"","image_podcast":"","image_banking":"","image_blog_internal":"","image_blog_medium":"","image_single_banking":""},"post_excerpt_stackable_v2":"<p>It may be relatively new to the business world, but the merchant cash advance is already a prime source of funding for consumer-facing businesses<\/p>\n","category_list_v2":"","author_info_v2":{"name":"Alastair Woods","url":"https:\/\/swoopfunding.com\/ng\/author\/alastair-woods\/"},"comments_num_v2":"0 comments","_links":{"self":[{"href":"https:\/\/swoopfunding.com\/ng\/wp-json\/wp\/v2\/pages\/22377"}],"collection":[{"href":"https:\/\/swoopfunding.com\/ng\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/swoopfunding.com\/ng\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/ng\/wp-json\/wp\/v2\/users\/80"}],"replies":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/ng\/wp-json\/wp\/v2\/comments?post=22377"}],"version-history":[{"count":4,"href":"https:\/\/swoopfunding.com\/ng\/wp-json\/wp\/v2\/pages\/22377\/revisions"}],"predecessor-version":[{"id":39775,"href":"https:\/\/swoopfunding.com\/ng\/wp-json\/wp\/v2\/pages\/22377\/revisions\/39775"}],"up":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/ng\/wp-json\/wp\/v2\/pages\/27628"}],"wp:attachment":[{"href":"https:\/\/swoopfunding.com\/ng\/wp-json\/wp\/v2\/media?parent=22377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}