Merchant Capital
OpenMerchant Capital Business Advance
Funding amount
Up to R5 000 000
Cash advance for businesses with a card machine or POS terminal. Merchant Capital advances a lump sum repaid as a small fixed percentage of every card transaction - you pay back more when trading is good, less when it is slow.
Who qualifies
Must have a card machine or POS terminal with at least 6 months of processing history. Minimum average monthly card turnover of R30 000. Hospitality, retail, and service businesses are the primary target market.
Always verify eligibility and deadlines on the official source before applying.