Merchant cash advance in Livingston.
Livingston is a West Lothian new town that has grown into a major retail destination halfway between Edinburgh and Glasgow. The Centre Livingston and the McArthurGlen Designer Outlet draw shoppers from a wide area, filling clothing shops, cafes and restaurants with steady card footfall throughout the week. The town's residential districts also support gyms, salons and convenience stores serving a large commuter population. A merchant cash advance works well here, advancing a lump sum that is repaid as an agreed share of each day's card sales. That means a fashion retailer or coffee shop pays more when trade is strong and less when it dips, without a fixed monthly commitment. It is a useful way to fund a refit, new ranges or seasonal stock ahead of the busy shopping periods. Merchant Business Loans arranges this finance through a panel of funders rather than lending directly.
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.
Livingston sectors we fund.
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Up to 90% approval for qualifying businesses