Merchant cash advance in Carrickfergus.
Carrickfergus is a historic town on the shore of Belfast Lough, best known for its Norman castle and its marina, with trade centred on High Street, West Street and the shops and eateries near the waterfront. Tourism around the castle and harbour lifts its cafes, pubs and independent retailers, while the town also serves a steady commuter population heading into Belfast. Much of that trade comes in by card, which is exactly what a merchant cash advance is designed around. It provides a lump sum upfront that is repaid as a share of your daily card takings, so busy visitor weekends clear more of the balance and quieter days clear less. That flexibility suits a Carrickfergus coffee shop, restaurant or salon looking to fund a refit or new equipment. Merchant Business Loans arranges the finance across a panel of funders rather than acting as the lender. The fixed cost is confirmed with you at the outset.
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.
Carrickfergus sectors we fund.
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Up to 90% approval for qualifying businesses