Merchant cash advance in Corby.
Corby is a planned Northamptonshire town shaped by its steelworks past and its strong Scottish community, with the Willow Place centre and the Corby Cube anchoring the town centre trade. Its parades are busy with takeaways, convenience stores, barbers and gyms serving a young and growing population. A merchant cash advance gives a business a lump sum up front, then recovers it as an agreed percentage of the card takings that pass through each day. That flexibility suits a town of everyday, high-frequency trade, since repayment eases when a week is slow and clears faster when it is busy. Owners put the money toward equipment, a refit or extra stock without committing to a set monthly payment. Food outlets, salons and local shops across Corby all rely on card, which makes the model a sensible fit. Merchant Business Loans arranges this commercial finance rather than lending itself, with a fixed cost agreed before you go ahead.
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.
Corby sectors we fund.
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