Merchant cash advance in Harlow.
Harlow is an Essex new town built around The Harvey Centre and the Water Gardens, and those two shopping areas still set the pace for much of the town's card trade. The cafes, takeaways and convenience stores serving the town centre and its many residential neighbourhoods take a large share of their money by card, as do the barbers, nail bars and beauty rooms scattered across the estates. With sizeable business parks and a strong logistics and light-industrial presence nearby, there is a reliable working population feeding local hospitality and everyday retail. A merchant cash advance fits these businesses because it delivers a lump sum now and is repaid as a fixed percentage of daily card takings, flexing with the ups and downs of real trade rather than demanding the same figure regardless. The cost is agreed and fixed from the outset. Owners commonly use the funds for equipment, refits, extra stock or to hold cash flow steady through a lean spell. Merchant Business Loans arranges the finance rather than lending directly.
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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