Merchant cash advance in Luton.
Luton is a large Bedfordshire town shaped by its airport and its diverse, densely populated neighbourhoods, with The Mall Luton anchoring the shops and a broad spread of takeaways and convenience stores across the town. The main routes are lined with car dealers, forecourts and MOT garages serving a population that relies heavily on the roads and the airport. A merchant cash advance advances a lump sum and is repaid as an agreed share of daily card takings, so repayments rise and fall with how the business is actually trading. For a Luton takeaway or convenience store with steady card volume, that keeps the cost in step with the week. Independent garages and dealers use the same funding to cover stock, tools or premises work while keeping cash free. Merchant Business Loans arranges this commercial finance through a panel of funders rather than lending itself. It suits the card led retail and motor trades that run across the town.
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.
Luton sectors we fund.
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