Merchant cash advance in Ballymena.
Ballymena is a strong market town in County Antrim, with trade concentrated in the Fairhill and Tower Centre shopping areas and along Wellington Street and Broughshane Street. Long a commercial hub for mid Antrim, it draws shoppers from a wide rural catchment to its retailers, forecourts, cafes and salons, most of which take the bulk of their income by card. A merchant cash advance is well matched to these card-taking businesses because it provides a lump sum upfront repaid as a percentage of daily card takings. Busy market days and weekends repay more of the balance, while quieter periods ease the pressure. That flexibility helps a Ballymena car dealer, restaurant or hairdresser fund a refurbishment, new stock or equipment without a rigid monthly bill. Merchant Business Loans arranges the finance across a panel of funders rather than lending itself. The fixed cost is set and agreed before you commit.
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.
Ballymena sectors we fund.
Not listed? See every sector we fund.
Ready when you are
Ready to apply?
60 seconds to apply. 1 working day to a decision. No obligation, no credit footprint for the initial check.
Up to 90% approval for qualifying businesses