Merchant cash advance in Dungannon.
Dungannon is a hilltop County Tyrone town with a strong industrial and agri-food heritage and one of the most diverse populations in Northern Ireland. The town centre around Market Square and Scotch Street holds independent retailers, convenience stores, takeaways and barbers, with a notably international mix of food shops and eateries reflecting the local workforce. Hospitality is well established, from town pubs to restaurants, and salons and beauty rooms serve steady local demand. A good share of the town's everyday income runs through card terminals across its shops and food businesses. A merchant cash advance gives a business a lump sum now, repaid as a share of daily card takings, so the repayment flexes with actual trade rather than sitting as a fixed monthly cost. For a working town with a busy, varied retail and food scene, that structure can ease pressure during slower spells. The cost of the advance is agreed as a fixed cost before drawdown.
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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