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Jun 25, 2025 09:35 PM
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squarespace capital
merchant cash advance
uk businesses
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Squarespace Capital offers Merchant Cash Advances to eligible UK businesses, with repayments tied to sales volume. Funds are available within one business day, and eligibility is determined by sales history. A personal guarantee is required, and adjustments to the loan amount can be made during the application process.
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Squarespace Capital for UK Businesses: What You Need to Know
TL;DR: Key Points
- Squarespace Capital offers Merchant Cash Advance (MCA) to eligible UK businesses using Squarespace Payments
- Payments are tied to your sales volume, with a fixed fee instead of interest
- Funds arrive in about one working day after acceptance
- Application starts with a soft credit check that won't impact your credit score immediately
- You'll need to provide a personal guarantee as a director or substantial owner
What is Squarespace Capital?
Squarespace Capital provides financing specifically for UK merchants already using Squarespace Payments. It's a Merchant Cash Advance (MCA), not a traditional loan.
Here's how it works: Squarespace essentially buys a portion of your future sales upfront, then takes back that money (plus a fixed fee) as a percentage of your ongoing sales. When sales are good, you pay back more. When they're slower, you pay back less.
Getting Started
Eligibility and Application
Your eligibility depends on your sales volume and history with Squarespace Payments. If you qualify, you'll get an email notification and see an offer in your Squarespace dashboard.
The application process starts with a soft credit check. This won't affect your credit score but will show up in your credit history. If you proceed and get approved, a hard credit check follows, which can impact your score.
Customising Your Offer
You don't have to take the full amount offered. In your Finance Dashboard, there's a slider that lets you adjust the amount down to what you actually need. Changing the amount also adjusts the fee and the percentage rate taken from your future sales.
How Repayments Work
Once you accept the offer, Squarespace automatically takes the agreed percentage from your sales until you've repaid the advance plus the fixed fee. This percentage stays the same, but because it's tied to sales volume, you naturally pay more during busy periods and less during quiet ones.
Getting Another Advance
After you've fully repaid your advance, Squarespace will assess whether to make you a new offer. Paying early doesn't improve your chances of getting another one, so there's no particular advantage to rushing repayment.
Practical Considerations
Funding Speed
Funds typically arrive in your bank account within one business day of acceptance. Make sure your primary payout method in Squarespace is set to a valid bank account to avoid delays.
Tax and Legal Obligations
Always speak to a tax professional about how to report these funds correctly. Each business situation is different, and you'll want proper advice that fits your specific circumstances.
Pixelhaze Tip: Before accepting any offer, work out realistic projections of your future sales. This helps you understand how the repayment terms will affect your cash flow month by month.
Common Questions
Can I change the amount I want to borrow?
Yes, use the slider in your Finance Dashboard to adjust the amount up to your maximum offer limit.
How quickly do I get the money?
Usually within one business day after you accept the offer.
If I repay this advance, will I definitely get offered another one?
Not necessarily. Squarespace reassesses your eligibility based on current sales performance and other factors.
Key Terms Explained
Merchant Cash Advance (MCA): Not a loan. A company pays you upfront for a portion of your future sales, then recoups that money plus a fee from your ongoing sales.
Soft Credit Check: An initial credit review that doesn't affect your credit score, used to assess your basic creditworthiness.
Hard Credit Check: A formal credit application that gets recorded on your credit file and can affect your credit score.
Fixed Fee: A set cost added to your advance that doesn't change over time (unlike interest, which can compound).
Personal Guarantee: Your personal commitment as a director or major owner to repay the advance if your business can't.
Squarespace Capital can be a useful financing option for UK businesses already using Squarespace Payments, especially if you need quick access to funds and prefer repayments that flex with your sales. Just make sure you understand the terms and have realistic projections of how the repayments will affect your cash flow before you commit.