Merchant cash advance in Hounslow.
Hounslow sits at the western edge of London under the Heathrow flight path, and its pedestrianised High Street and the Treaty Centre anchor a busy, diverse trading scene. The restaurants, takeaways and cafes along the High Street and out towards the Great West Road serve a constant mix of local residents, workers and airport-bound travellers, all paying largely by card. Barbers, nail bars and beauty salons keep steady weekly bookings, while convenience stores and independent shops across the borough ring up card payments from early until late. A merchant cash advance fits this kind of trade well, advancing a lump sum now and taking repayment as an agreed percentage of daily card takings, so busy days clear more of the balance and quiet ones cost less. The cost is fixed and set before you draw anything. Owners typically use the money for equipment, refits, stock or to steady cash flow through a dip. Merchant Business Loans arranges the finance rather than 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.
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Up to 90% approval for qualifying businesses