Merchant cash advance in Bradford.
Bradford earned its reputation as a curry capital, and the card machines rarely stop across the restaurants of Great Horton Road and the takeaways that line Leeds Road. Around the Broadway shopping centre, Kirkgate and the historic Little Germany quarter, independent retailers, barbers and convenience stores take a steady stream of contactless payments every day. The old Oastler Market and the wider city centre still pull in footfall for salons and food outlets that live and die by their weekly card takings. A merchant cash advance suits businesses like these because it hands over a lump sum up front, then collects repayments as an agreed share of your daily card sales rather than a fixed monthly figure. When trade is busy you pay back a little more, and when a quiet week hits you pay back less, which fits the uneven rhythm of hospitality and retail. Merchant Business Loans arranges this kind of commercial finance from a panel of funders, so a Bradford operator can compare options without pledging property or hunting for a rigid loan. The cost is fixed and agreed at the outset, so you always know the total you are repaying.
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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