Merchant cash advance in Dunfermline.
Dunfermline is an ancient former capital of Scotland, home to the Abbey and the resting place of Robert the Bruce, and one of the country's newest cities. Its historic centre and the Kingsgate shopping centre bring together independent retailers, cafes, restaurants and salons that trade on steady card custom from a growing Fife population. Good links across the Forth to Edinburgh add commuter footfall and passing trade. A merchant cash advance suits these businesses by advancing a lump sum that is repaid as a share of daily card takings rather than a fixed monthly figure. Quieter spells cost less to service, while strong retail weekends clear the balance sooner. It is a sensible way to fund a shop refit, new stock or a salon expansion. Merchant Business Loans arranges the finance through a range 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.
Dunfermline sectors we fund.
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Up to 90% approval for qualifying businesses