Merchant cash advance in Exeter.
Exeter is a compact cathedral and university city where card trade is spread from the Princesshay shopping quarter and the independents of Gandy Street down to the cafes and bars around the historic Quay. Out at Marsh Barton, one of the largest trading estates in the region, car dealers and MOT garages take steady payment-terminal business all year round. A merchant cash advance advances an Exeter business a lump sum now and is then repaid as a set percentage of daily card sales, so repayments rise and fall with actual takings rather than a fixed monthly demand. That works well for a city where the student population swells trade in term time and eases off over summer. Retailers, coffee shops and forecourt operators can use the funds for stock, a refit or new tools while keeping working capital intact. The cost is fixed and agreed before anything starts. Merchant Business Loans arranges the 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.
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