Merchant cash advance in Basildon.
Basildon is a busy Essex town built around the Eastgate shopping centre and the Festival Leisure Park, with sizeable retail parks and trade counters serving a large working population. Its card taking economy leans on takeaways, convenience stores, gyms and independent retail, along with the car dealers and forecourts that line the main routes through the town. A merchant cash advance provides a lump sum now and is then repaid as an agreed share of daily card takings, so the amount collected moves with the business's own sales. For a Basildon takeaway or convenience store with steady card volume, that keeps repayments tied to real trade rather than a flat figure. Gyms and independent shops use the same funding for new equipment, a refit or extra stock. Merchant Business Loans arranges this commercial finance through a panel of funders rather than lending directly. It is a sensible fit for the town's mix of retail, leisure and motor trades.
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.
Basildon sectors we fund.
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