Merchant cash advance in Inverness.
Inverness is the capital of the Highlands and the natural base for visitors heading to Loch Ness, the North Coast 500 and the glens beyond. Tourism drives much of the local economy, so hotels, guest houses and B&Bs alongside the River Ness and out towards the A9 rely on a strong summer season. In the centre the Eastgate Shopping Centre, Church Street and Academy Street keep restaurants, cafes and independent shops ticking over on card payments. A merchant cash advance fits this pattern well, advancing a lump sum that is then repaid as a set share of daily card takings rather than a fixed instalment. For a Highland business that earns heavily in the warmer months, repayments ease off naturally over a quiet winter. That makes it a sensible way to fund refurbishment, extra rooms or new kitchen equipment before the next season. Merchant Business Loans arranges this commercial finance and does not lend the money 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.
Inverness sectors we fund.
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