Merchant cash advance in Larne.
Larne is a County Antrim port town, best known as the ferry gateway to Scotland with the harbour shaping much of its trade. Main Street and the surrounding centre hold a practical mix of convenience stores, takeaways, barbers and small retailers serving both locals and passing ferry traffic. The town has a strong tradition of pubs and cafes, and forecourts and MOT garages do steady business along the routes feeding the harbour and the Coast Road towards the Glens of Antrim. As a working port town rather than a tourist hotspot, much of Larne's retail and hospitality income arrives through card terminals day in, day out. A merchant cash advance advances a lump sum that is then repaid as a set percentage of daily card takings, so busy ferry days contribute more and slow days contribute less. For a business tied to the rhythm of the port and the seasons, that flexibility can suit cash flow better than a fixed monthly repayment. The cost of the advance is agreed as a fixed cost at the outset.
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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