Merchant cash advance in Eastbourne.
Eastbourne is a classic Sussex seaside resort, with its Victorian pier, the Devonshire Park quarter and a long seafront of hotels and guest houses that fill through the summer season. Tourism drives the town, giving its hotels, B&Bs, cafes and restaurants strong card takings in the warmer months and quieter trade over winter. A merchant cash advance advances a lump sum and is repaid as a share of daily card takings, so more is collected during the busy season and less when the resort slows down. That seasonal flexibility suits Eastbourne's hospitality businesses, letting a hotel refurbish rooms out of season and repay in step with returning trade. With its large retirement population, the town also supports care homes and retail that take steady card payment year round. Merchant Business Loans arranges this commercial finance rather than lending it, matching each business to a suitable funder. The cost is agreed as a fixed figure upfront, so you know the full repayment before accepting.
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.
Eastbourne sectors we fund.
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