Who is Merchant Capital?
Merchant Capital is a leading alternative provider of working capital, designed specifically with South African retail businesses in mind. Since 2012, Merchant Capital has assisted thousands of small and medium businesses with access to hundreds of millions of Rands in working capital.
Merchant Capital is a founding member of the South African SME Finance Association (SASFA), which acts as a national regulatory body for alternative finance companies.
What Merchant Capital offers you as a Discovery Business Insurance client
A Merchant Capital Cash Advance is a quick working capital solution for retail businesses, which doesn't put pressure on cash flow. With a Merchant Capital Cash Advance, a business can access up to 100% of their average monthly credit and debit card turnover upfront,which is then paid back as a fixed percentage of each future credit and debit card swipe made at the business. Repayments therefore happen directly in line with business turnover, meaning no more worries over fixed monthly lump sum payments.
Plus, as a Discovery Business Insurance client, the merchant can earn up to 5% back on the Cash Advance amount once the facility is paid up, or once 70% is repaid and the merchant opts to take out additional funding. Depending on their cash back band, the merchant can qualify for as much as R30 000 cash back.
For more details on the Merchant Capital cash advance, click here.