mcl finance

About mcl finance

mcl finance, formerly known as mycashline, is a UK-based alternative lender founded in 2018. The company specialises in delivering fast, flexible, and unsecured funding solutions tailored to both startups and established small and medium-sized enterprises (SMEs). Their funding products are designed to help businesses survive challenging periods, support day-to-day operations, and scale for growth.

Key Milestones

• Finalist at the Credit Awards 2023, recognising excellence in the credit and finance industry
• Shortlisted for the Alternative SME Lender of the Year at the Credit Awards in 2021
• Successfully provided millions of pounds in funding to hundreds of SMEs across the UK

mcl finance Merchant Cash Advance – At a Glance

mcl finance offers flexible funding from £5,000 to £100,000, with approvals typically made within 24 hours. You can raise financing of up to 100% of your monthly card sales, making it an ideal solution for businesses with strong card revenue. Repayments are taken as a fixed percentage of your daily credit card takings, providing the flexibility to pay less during quieter trading periods.

The funds can be used for a wide range of business needs, including purchasing stock, upgrading equipment, expanding operations, launching marketing campaigns, or simply managing cash flow. This adaptable funding solution is designed to support business growth without the pressure of fixed monthly repayments.

Eligibility Criteria

To qualify for a Merchant Cash Advance from mcl finance, your business should meet the following requirements:

• Must be a UK-based limited company (sole traders are not eligible)
• Have been trading for at least 6 months
• Have a monthly card transaction volume of more than £5,000

Reviews

mcl finance has an 'Excellent' 4.8 rating on Trustpilot.