Merchant cash advance in Hamilton.
Hamilton is a busy South Lanarkshire town and a well connected commuter base just off the M74 into Glasgow. Its town centre, around the New Cross area and Quarry Street, supports independent retailers, barbers, salons and takeaways that trade on steady local card custom. Nearby retail and leisure sites, along with the racecourse and country park, add extra footfall at weekends. A merchant cash advance gives these card taking businesses a lump sum now, repaid as a set share of daily card receipts rather than a fixed bill. When trade is quieter the repayment eases, and busier spells clear the balance more quickly. That makes it a sensible way to fund a shop refit, new equipment or additional stock. Merchant Business Loans arranges the commercial finance and works with a range of funders instead of lending 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.
Hamilton sectors we fund.
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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