Merchant cash advance in Ballymoney.
Ballymoney is a County Antrim market town set in prosperous farming country between the Bann valley and the north coast. Its main street and town centre hold a practical mix of independent shops, cafes, barbers and takeaways serving the town and a large agricultural hinterland. The town has a long market tradition and its livestock and country connections keep forecourts, convenience stores and MOT garages ticking over alongside the retail core. Pubs and restaurants provide the social hub, and salons serve steady local custom. A good share of this everyday trade runs through card terminals, with market days lifting the week. A merchant cash advance gives a business a lump sum now, repaid as an agreed percentage of daily card takings, so repayment tracks trade rather than sitting fixed each month. For a farming market town with clear busy and quiet stretches, that flexibility can ease cash flow. The total cost is fixed and agreed before any funds are drawn.
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.
Ballymoney sectors we fund.
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