Merchant cash advance in Cannock.
Cannock is a Staffordshire market town on the edge of Cannock Chase, with the designer outlet at Mill Green and the Orbital retail park drawing shoppers alongside its traditional town centre and market. Between the outlet visitors and local trade there is a good spread of cafes, takeaways, independent shops and salons that take the bulk of their money by card. A merchant cash advance suits these businesses because it provides a lump sum up front and then repays as an agreed percentage of daily card takings. Weekend and outlet driven footfall clears more of the balance while quieter days cost less, keeping repayment in step with real trade. The cost is fixed and agreed before anything is signed. Merchant Business Loans arranges this commercial funding through its provider panel rather than lending directly.
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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