Merchant cash advance in Armagh.
Armagh is Northern Ireland's ecclesiastical city, a compact cathedral city where trade centres on English Street, Scotch Street and the Mall, with the Orchard shopping area and nearby retail parks drawing in shoppers from the surrounding countryside. Its cafes, salons, pubs and independent shops take much of their income by card, supported by tourism around the two cathedrals and the astronomy and heritage attractions. A merchant cash advance is well matched to this kind of card-taking business because it advances a lump sum that is repaid as a share of daily card sales. Repayments track your takings, easing more slowly through quiet spells and faster when the city is busy. That flexibility helps an Armagh coffee shop, barber or convenience store fund a refit, equipment or extra stock. Merchant Business Loans arranges the finance rather than lending it, working across a panel of funders. The total is set as a fixed cost agreed at the start.
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.
Armagh sectors we fund.
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