Merchant cash advance in Leicester.
Leicester is one of the most diverse trading cities in the country, from the restaurants and jewellers of the Golden Mile along Belgrave Road to the fashion and food stalls in and around the historic market. The Highcross and the surrounding independent shops keep card payments flowing through clothing boutiques, takeaways and salons every day of the week. A merchant cash advance advances a lump sum against those future card sales, then collects repayment as a set percentage of what comes through the terminal each day. For a Leicester trader that means the repayment eases naturally when footfall dips and clears faster in a strong week. Restaurants in the Cultural Quarter, barbers across the suburbs and independent retailers in the city centre use it to buy stock, fit out or cover a seasonal push. Merchant Business Loans arranges the facility as commercial finance and is not the lender, with the total repayment fixed and clear before you sign.
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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