Merchant cash advance in Hemel Hempstead.
Hemel Hempstead splits its trade between the Marlowes shopping centre and Old Town High Street, the latter home to a growing crop of independent restaurants, cafes and bars that have given the town a livelier evening scene. The Old Town's eateries and coffee shops, the salons and barbers dotted through the centre and the convenience stores and takeaways serving the surrounding estates all rely heavily on card payments day to day. With a substantial business park and industrial base on the town's edge, there is a steady flow of trade feeding the local hospitality and service crowd. A merchant cash advance suits these card-taking firms because it provides an upfront lump sum repaid as an agreed slice of daily card sales, so quieter days simply cost less than busy ones. The total cost is fixed and made clear before you commit. Typical uses include refits, new equipment, stock and smoothing out seasonal swings in takings. Merchant Business Loans arranges this commercial finance and is not itself 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.
Hemel Hempstead sectors we fund.
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