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Supporters have helped Merthyr fund a deal to sign Cole Jarvis on loan from Newport County.
Midfielder Jarvis was a Merthyr player until he moved to Newport at the start of 2026.
"I'd like to thank those supporters who have contributed to the boost the budget scheme, whether that's from the start of the season or those that have contributed this week," said manager Paul Michael."
"This has helped enable this move to happen."
It's not known how much supporters have put into Merthyr's budget scheme.
Hereford's boost the budget scheme, better known as squad builder, is reported to have raised £75,000 this season.