Funding Comparison Calculator: MCA vs Bank Loan
Compare the true cost of Merchant Cash Advance vs Traditional Bank Loan
Merchant Cash Advance
Total Repayment
£34,500
Total Cost
£4,500
Daily Repayment (approx)
£96
✓ Flexible (varies with sales)
✓ 24-48 hour funding
✓ 90% approval rate
Bank Loan (8% APR)
Total Repayment
£31,315.834
Total Interest
£1,315.834
Monthly Payment (fixed)
£2610
✓ Lower cost
✗ 4-8 week approval
✗ 62% approval rate
Cost Difference:
MCA costs £3,184.166 MORE than bank loan
But MCA is faster and has significantly higher approval rate