MCL Finance
Bristol and London-based alternative lender, formerly trading as mycashline, rebranded to MCL Finance. Operating since 2017 under Merchant Finance London Limited. Two-product shop: unsecured loans plus MCAs, both up to £100k. UK Ltd companies only.
Quick verdict
- Product: Unsecured term loan and merchant cash advance.
- Ticket band: £5k to £100k.
- Pricing: Factor rate or fixed fee, quoted at offer.
- MCL Finance says it uses a soft search at quote stage, which other lenders cannot see on your credit file.
At a glance
MCL Finance, at a glance
- Legal entity
- Merchant Finance London Limited
- Companies House
- 11059045
- Founded
- 2017
- Product
- Unsecured term loan and merchant cash advance
- Ticket range
- £5k to £100k
- Decision time
- 24 hours
- Ltd-only
- Yes
Where MCL Finance is strong
- Two complementary products under one underwriter.
- Funds in 24 hours for clean cases.
- Direct lender, no broker mark-up.
Watch-outs, and when another lender may suit better
- Sole traders and partnerships not eligible.
- Recent rebrand from mycashline; legacy reviews still split between names.
- Smaller review footprint than mainstream rivals.
- Cap at £100k limits utility for mid-ticket SMEs.
Best fit applicants
- UK Ltd companies needing sub-£100k
- Cases needing speed inside 24 hours
- Borrowers choosing between term and MCA structure
Where MCL Finance is the wrong fit
- Sole traders
- £100k+ tickets
- Long-term project finance
If declined by MCL Finance
If your application to MCL Finance is declined, ask the lender for the reason in writing. Some alternatives are named in the watch-outs section above. See also our guide to why lenders decline, by reason.
Other lenders we list
- 365 Business Finance, Merchant cash advance (revenue-based finance)
- Aldermore, Asset finance, invoice finance, commercial mortgages
- Allica Bank, SME term loan, asset finance + commercial mortgage
- Bizcap, Specialist post-decline / fast cash
How we rate MCL Finance
This review is FundBiz's own editorial assessment, scored against a published framework. See our methodology for how we rate each lender.
FAQ
What can I borrow through MCL Finance?
MCL Finance offers unsecured term loan and merchant cash advance. Ticket range: £5k to £100k. Typical rate: Factor rate or fixed fee, quoted at offer.
How long does MCL Finance take to decide?
24 hours MCL Finance says checking eligibility uses a soft search, so it does not affect your credit score.
Who is MCL Finance the best fit for?
First on the list: UK Ltd companies needing sub-£100k. The full list is under Best fit applicants above.
When might another lender suit better than MCL Finance?
First on the list: Sole traders. The other cases are under Where MCL Finance is the wrong fit above.
Send an enquiry
Tell us what you need in 2 minutes. FundBiz is not a lender and does not run a credit check. We pass your enquiry to a business finance broker, who will contact you about your options. For limited companies, LLPs and partnerships with four or more partners.
Send an enquiry →Official site: MCL Finance
Last updated: . By Adam Parker. FundBiz is owned and operated by Best Business Loans Ltd, directed by Oliver Mackman.