Merchant cash advance in Banbridge.
Banbridge sits on the main Belfast to Dublin route in County Down and is well known for the steep cut of Bridge Street, where the town famously built an underpass to help traffic climb the hill. The town centre and the nearby Bridgewater retail area draw shoppers from across the surrounding countryside, supporting clothing shops, independent retailers, cafes and salons. Its position on a busy arterial road means forecourts, takeaways and coffee stops all pick up passing trade alongside local custom. Hospitality is well represented too, from town-centre restaurants to pubs serving a wide rural catchment. A merchant cash advance provides a lump sum that is repaid as a share of daily card sales, so the repayment naturally scales with how much a business is actually taking. For a commuter and market town where trade blends local shoppers with through-traffic, tying repayment to card income can ease the strain of quieter weeks. The total cost is fixed and agreed before anything is drawn down.
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.
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