Merchant cash advance in Bromley.
Bromley is a well-heeled south London town centre where The Glades shopping centre and the long pedestrianised Bromley High Street set the tone for a steady, affluent flow of card spending. The restaurants, wine bars and cafes around the High Street and Market Square keep terminals busy from lunch through to the evening, while the many hairdressers, barbers and beauty salons serving the surrounding suburbs run consistent weekly bookings. Independent retailers, delis and convenience stores across the district add to a genuinely card-led local economy. A merchant cash advance fits these businesses neatly, handing over a lump sum up front and then taking repayment as an agreed slice of daily card takings, so quieter weeks cost less and busy ones clear faster. The total cost is fixed and clear before anything is drawn. Common uses include refits, equipment, stock and smoothing seasonal cash flow. Merchant Business Loans arranges this commercial finance rather than acting as the lender.
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.
Bromley sectors we fund.
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