Merchant cash advance in Cookstown.
Cookstown is a mid-Ulster market town in County Tyrone famous for its exceptionally long, wide main street, one of the broadest in Ireland, which has hosted markets for generations. That main street is lined with independent retailers, cafes, barbers and takeaways, and the town acts as a shopping and services hub for a large rural catchment. Forecourts, convenience stores and MOT garages pick up steady trade from the surrounding farming country, while pubs and restaurants keep the centre lively. The bulk of this everyday spending passes through card machines, with Saturday market day a clear high point. A merchant cash advance provides an upfront lump sum repaid as an agreed percentage of daily card takings, so what is collected tracks how busy trade has been. For a market town where footfall spikes on market days and eases in between, tying repayment to card income can be a natural fit. The total cost is fixed and known from the start.
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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