Merchant Cash Advance Financing

Any established and creditworthy business, whether it is a limited company, sole trader or business partnership, can apply for a loan on Linked Finance.

Some conditions apply. These include:

If you are a sole trader, you must be a permanent resident of Ireland. Sole Traders must ensure no personal transactions are going through the accounts (e.g. a personal mortgage, personal utilities, private health insurance etc). If such transactions are evident the loan application can only be progressed if the borrower segregates their expenses into a separate bank account, and can evidence all business transactions only through another account(s) for a minimum of six months.If your business is a partnership, it must have a permanent place of business in Ireland and at least half of its partners must be permanent residents of Ireland.

If your business is a limited company, it must be registered with the Companies Registration Office (CRO).

It must have filed accounts with the CRO.

If your business is applying for a standard Term Loan or BillPay loan your business must be trading for a minimum of 24 months* or for a Merchant Cash Advance your business must be trading for at least 6 months.

Annual turnover over €100,000.

Your business must meet our minimum credit risk and fraud criteria.

*Linked Finance has a bespoke loan product for businesses trading a minimum of 1 year with 1-year financials please contact us for more information.

Linked Finance offers three finance options:

1.The minimum amount you can borrow is €10,000. The maximum is €500,000. A standard term loan at a fixed rate of interest and terms of 6 months to 5 years. The loan is repayable in monthly instalments by direct debit.

Examples you can use it for:

• Working Capital including stocking
• Asset Finance (such as the purchase of new machinery, vehicles or technology)
• Capital Expenditure including premises purchases or refurbishment.

2. Merchant Cash Advance which is a flexible loan repaid over a maximum of 12 months up to €150,000. With an MCA, the facility is repaid daily using a fixed % percentage of your credit and debit card sales.

Examples you can use it for:

• Stocking
• improving working capital

3. A Bill Pay loan at a fixed rate of interest* and a term of 12 months. The loan is repayable in monthly instalments by direct debit.

Examples you can use it for:

• Annual tax bill
• Insurance premiums

To ensure you get a fair interest rate on a Linked Finance loan, the rate you pay is always determined by our credit evaluation process. The rates available range from 6.95% to 17.5% depending on the term and the loan grade we assign to your request.

Our lenders will be ordinary individuals, companies or other organisations. In order to lend on Linked Finance, lenders will need to have registered on the platform and deposited funds.

Once you provide the documents required to complete your application, we typically provide a credit decision within one working day. If approved and you are happy to accept the loan offer, we can publish your loan request on the platform and have the funds ready for drawdown typically within 24 hours. 

This can vary depending on the size and duration of the loan.

Complete our online loan application form. Once you have done this, we will request supporting documentation from you in order to carry out credit and fraud checks using the information you have given us. Your application cannot progress until we have received this documentation.

If your application is successful, we will provide you with an official loan offer which will show the grade, interest rate, monthly repayments and fees. At that point, you can decide if you would like to have your loan request published on the platform.

If you decide to proceed, you are committing to taking the loan and paying the fees, unless your loan request fails to fund.

Once your loan request is posted on the site, the funding process will commence.