Merchant cash advance in Macclesfield.
Macclesfield is a former silk town on the edge of the Peak District, with an affluent catchment that stretches out to Prestbury, Bollington and Alderley Edge. Its monthly Treacle Market draws crowds into the town centre around Mill Street and Waters Green, and the local spend supports a strong run of restaurants, gastropubs, beauty salons and gyms. Customers here are comfortable paying by card, which makes daily terminal takings a reliable measure of how a business is really doing. A merchant cash advance turns that into working capital: a business takes a lump sum now and repays it as an agreed slice of its daily card sales. A Macclesfield hairdresser could refit a treatment room, or a restaurant extend its covers ahead of a busy autumn. Merchant Business Loans arranges the finance and works across a panel of funders to fit the offer to the trade. Because repayment tracks takings, a slower week never means a fixed payment the business cannot meet.
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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