Merchant cash advance in Lurgan.
Lurgan is the other main town of the Craigavon area in County Armagh, with a broad main street running down towards Lurgan Park, one of the largest urban parks on the island. Market Street and the town centre carry a working mix of convenience stores, barbers, takeaways and independent shops serving a dense local population. The town has a strong tradition of hospitality, with pubs and restaurants that draw regular custom, and salons and beauty rooms are well represented across its neighbourhoods. Everyday spending here flows heavily through card terminals rather than large one-off purchases. A merchant cash advance provides an upfront lump sum that is then repaid as a share of daily card takings, so the amount collected moves with the day's trade. For a town where income is built on steady, repeat local spending, linking repayment to card sales can smooth out the quieter stretches. The cost of the advance is set as a fixed cost from the start.
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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