Merchant cash advance in Loughborough.
Loughborough is a Leicestershire market town dominated by its large university, which fills the pubs, cafes and takeaways in and around the town centre through term time. The market, the Carillon Court centre and the streets nearby carry a steady trade of food outlets, gyms and independent shops serving students and residents alike. A merchant cash advance releases a lump sum against future card sales, then takes repayment as a set share of the takings the terminal processes each day. For a business tied to the student calendar that rhythm helps, since repayment slows over the quieter summer and rises when the campus is full. Bars, coffee shops and takeaways use the funds for refits, equipment or stock ahead of the busy term. Merchant Business Loans arranges the facility as commercial finance and does not lend directly, with the total cost fixed and set out before you commit.
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.
Loughborough sectors we fund.
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