Merchant cash advance in Croydon.
Croydon is one of south London's busiest commercial centres, where card machines rarely stop from morning coffee runs to late trade. The North End pedestrian high street, the Whitgift and Centrale shopping quarters and the Boxpark Croydon food and events space near East Croydon station all pull in heavy footfall that lands straight on the terminal. Add the independent restaurants and barbers of South End, the salons and nail bars along London Road and the takeaways feeding the office crowd around the tramlink, and you have a genuine card-led local economy. A merchant cash advance gives a business a single lump sum up front, then takes repayment as an agreed slice of each day's card takings, so quieter weeks cost less and busy weeks clear the balance faster. That rhythm fits a Croydon trader far better than a rigid monthly figure that ignores how takings actually move. The cost is fixed and agreed at the outset, and the funds can go towards a refit, new equipment, stock or simply steadying cash flow through a slow patch. Merchant Business Loans arranges this commercial finance and does not lend 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.
Croydon sectors we fund.
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