Merchant cash advance in Antrim.
Antrim is a market town beside Lough Neagh, close to Belfast International Airport, with trade centred on Castle Street, the Castle Mall shopping centre and the Junction One outlet and retail park just outside town. Its shops, forecourts, cafes and salons serve a mix of local residents, commuters and passing airport traffic, and take much of their income by card. A merchant cash advance suits this pattern because it advances a lump sum repaid as an agreed share of daily card sales rather than a set instalment. When trade is busy the balance clears faster, and when it slows the repayments ease with it. That makes it a practical way for an Antrim convenience store, beauty salon or takeaway to fund a refit, equipment or extra stock. Merchant Business Loans arranges this finance across a panel of funders and agrees the fixed cost upfront, rather than lending directly.
How a merchant cash advance works.
A merchant cash advance (MCA), also called a PDQ cash advance or card machine loan, gives your business an upfront lump sum repaid as a small percentage of your daily card takings. There is no fixed monthly repayment and no interest rate, just one fixed cost agreed upfront. MCA is unregulated commercial finance, business-to-business, and is unsecured against business assets. Most lenders ask for a personal guarantee from a director.
- Advance£10,000 to £1,000,000
- Fixed cost1.10 to 1.50
- Term3 to 18 months
- Daily repayment10% to 22% of card takings
- DecisionTypically 24 to 48 hours
Eligibility.
- Sole traders and UK limited companies.
- At least 6 months trading history.
- Active card machine (PDQ terminal) or online card processor.
- Typically 6 to 12 months of card transaction data shared with lenders.
Eligibility differs by lender. We compare a panel of UK MCA funders on your behalf to find the right fit.
Antrim sectors we fund.
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