Merchant cash advance in Downpatrick.
Downpatrick is the historic county town of County Down, closely tied to Saint Patrick, with the cathedral and Down County Museum drawing visitors to its hillside centre. Market Street, Irish Street and the surrounding streets carry a mix of independent shops, cafes, barbers and beauty rooms serving the town and a wide rural district. Its heritage draw brings visitor spending alongside steady local custom, supporting pubs, restaurants and takeaways across the centre. A large share of that trade is settled by card, with weekends and tourist-season days lifting takings. A merchant cash advance advances a lump sum repaid as an agreed percentage of daily card sales, so busier days contribute more towards clearing it and quieter days less. For a county town blending heritage visitors with everyday local trade, matching repayment to card income can suit seasonal cash flow. The full cost is fixed and set out at 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.
Downpatrick sectors we fund.
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