Merchant cash advance in Basingstoke.
Basingstoke is a Hampshire commuter and business town that blends a large covered shopping quarter with sizeable office and industrial parks. Festival Place is the retail heart, packed with shops, chain and independent eateries and coffee stops that take the bulk of their sales on card. The surrounding business parks bring a steady weekday flow of workers into the town's cafes, gyms and lunch spots. A merchant cash advance fits these card-led businesses neatly, advancing a lump sum that is repaid as a share of your daily card takings so repayments rise and fall with real trade. Retailers, restaurateurs and gym owners use it to refurbish, buy equipment or bridge a seasonal gap without a fixed monthly commitment. Merchant Business Loans arranges the facility rather than lending itself, sourcing unregulated commercial finance from a panel of funders. The total cost is fixed and agreed before you sign.
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.
Basingstoke sectors we fund.
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