To apply for merchant cash advance with SAPI, please read the following eligibility statement carefully:
Company Registration: We only accept applications from businesses that are registered with the relevant authorities. For UK businesses that would be Companies House and for companies based in Ireland, you will need to be registered with the CRO.
Trading History: Have a minimum trading history of 12 months and be able to provide an OpenBanking connection or Bank Statements showing 12 months of revenue.
Director, Shareholder and PSC Requirements: All directors, shareholders and PSCs must be at least 18 years of age and reside in the country that the company is registered in. For non nationals residing in the UK or Ireland we will require proof of residency for the duration of the MCA. We may request supporting documentation.
Valid identity documents: A valid passport or government issued photo ID documents with at least 6 months remaining.
Exclusions: Whilst we are keen on supporting as many businesses as possible, please note that we cannot currently support businesses engaged in the following -
Gambling
Adult entertainment
Defence
Cryptocurrency exchanges
Trading of bullion or precious metals
Sale of high-value jewellery
Sale of cars
Fuel, petroleum and gas
Activities of holding companies
All applications will undergo assessment including credit checks.
We are working on supporting Sole Traders and Partnerships in the near future.
Please reach out to our team at [email protected] if you have any questions and thank you for considering SAPI for your business funding needs.