Merchant cash advance in Craigavon.
Craigavon sits at the heart of the borough that includes Portadown and Lurgan, built around the large Rushmere shopping centre and the retail and business parks that serve much of mid Ulster. Its trade is retail heavy, with supermarkets, forecourts, gyms and hospitality units drawing card spend from a wide catchment across the M1 corridor. Convenience stores, takeaways and beauty businesses across the area take the bulk of their income by card. A merchant cash advance fits this because it advances a lump sum repaid as an agreed share of daily card takings rather than a fixed monthly amount. Busier trading weeks clear more of the balance and slower ones clear less, which helps with cash flow planning. A Craigavon retailer, restaurant or gym can use it to fund equipment, a refit or extra stock. Merchant Business Loans arranges the finance across a panel of funders and sets the fixed cost upfront, rather than lending itself.
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.
Craigavon sectors we fund.
Not listed? See every sector we fund.
Ready when you are
Ready to apply?
60 seconds to apply. 1 working day to a decision. No obligation, no credit footprint for the initial check.
Up to 90% approval for qualifying businesses