Merchant cash advance in Dundee.
Dundee, the City of Discovery, has reinvented itself around the V&A on the redeveloped waterfront, two universities and a growing visitor trade. The Overgate and Wellgate centres anchor the high street, while Perth Road and the West End are full of independent cafes, bistros and salons kept busy by students and staff from Dundee and Abertay. Out at Broughty Ferry the seaside parade of restaurants, coffee shops and boutiques takes strong card custom through the year. A merchant cash advance suits these card led trades because the money arrives as a single lump sum and is then repaid as a share of each day's card sales. Termtime peaks and quieter holiday stretches are handled automatically, so a Dundee cafe or hair studio is never tied to a fixed monthly figure. It is a practical way to fund a fit out, a new coffee machine or extra seasonal stock. Merchant Business Loans arranges the finance and works with a panel of funders rather than lending directly.
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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