Merchant cash advance in Durham.
Durham is a compact university and cathedral city where tourism and student trade drive the economy through the cobbled streets of the Bailey, Elvet and the market place. Independent cafes, restaurants, pubs and small hotels do brisk business from visitors drawn by the World Heritage cathedral and castle. With so much of that spend arriving by card, a merchant cash advance is a natural fit. You receive a lump sum up front, then repay it as a fixed share of your daily card sales, which eases the pressure during quieter spells outside term time. Busy graduation weeks and summer visitor peaks simply pay it down faster. The amount available is guided by your card turnover, and the total is a fixed cost agreed before anything is signed. Merchant Business Loans arranges this commercial finance and is not the lender.
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.
Durham sectors we fund.
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