Merchant cash advance in Londonderry.
Londonderry, widely known as Derry, is the north west's principal city, with trade centred on the walled city, the shops of Ferryquay Street and the Foyleside and Richmond retail centres. The Craft Village and the bars and restaurants around Waterloo Street pull steady card spend from residents, students at Ulster University's Magee campus and a growing stream of visitors. Hospitality, independent retail and beauty businesses here take much of their income by card, which is exactly what a merchant cash advance is built around. It provides an upfront lump sum that is repaid as a percentage of your daily card takings, so repayments rise and fall in step with how busy the tills are. That flexibility helps a Derry cafe, barber or takeaway invest in refurbishment or seasonal stock without committing to the same payment every month. Merchant Business Loans does not lend directly, it arranges commercial finance across a panel of funders. Every advance carries a fixed cost agreed 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.
Londonderry sectors we fund.
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