Merchant cash advance in Limavady.
Limavady is a County Londonderry market town set between the Sperrins and the Roe Valley, with a handsome Georgian main street running through its centre. Catherine Street and Main Street hold a compact mix of independent shops, cafes, barbers and beauty rooms serving the town and the farming country around it. Hospitality plays a real part in local life, with pubs and restaurants drawing custom from a wide rural area, and takeaways and convenience stores kept busy across the town. As a small market town, its income leans heavily on regular local card spending rather than big-ticket sales. A merchant cash advance gives a business a lump sum upfront, then takes repayment as a share of daily card takings, so quieter mid-week days cost less than a busy weekend. That structure suits a town whose trade follows the market and farming calendar. The cost is set as a fixed cost agreed 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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