Merchant cash advance in East Kilbride.
East Kilbride is Scotland's largest new town, a busy commuter base south of Glasgow built around one of the biggest undercover shopping centres in the country. The EK centre pulls in shoppers from across South Lanarkshire, and its restaurants, fashion outlets, gyms and salons take a high volume of card payments every day. Beyond the mall, the town's neighbourhood parades keep barbers, takeaways and convenience stores busy with regular local trade. A merchant cash advance gives these operators a lump sum up front, repaid as a set share of daily card takings rather than a flat instalment. Because the repayment flexes with sales, quieter spells are easier to manage and strong retail weekends clear the balance faster. It is a practical route to funding a fit out, new gym kit or a stock push. Merchant Business Loans arranges the commercial finance and does not lend the money itself.
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.
East Kilbride sectors we fund.
Not listed? See every sector we fund.
Ready when you are
Ready to apply?
60 seconds to apply. 1 working day to a decision. No obligation, no credit footprint for the initial check.
Up to 90% approval for qualifying businesses