Merchant cash advance in Milton Keynes.
Milton Keynes is a modern grid-planned town built around retail and leisure on a scale few places match, from centre:mk and Midsummer Place to the snow slope and cinemas at Xscape. The retail parks and the sprawl of restaurants around the shopping centres take card payments in huge volume from a young, car-borne population. Gyms, chain-style independents, salons and family leisure venues all trade on card here rather than cash. A merchant cash advance suits that profile, advancing a lump sum that is repaid as a share of your daily card takings so the amount you pay tracks how busy you actually are. Operators use it to fit out new units, upgrade equipment or push through a refit without locking into a rigid monthly repayment. Merchant Business Loans arranges the facility and is not the lender, sourcing unregulated commercial finance from a panel of funders. Every arrangement comes with a fixed cost set out clearly 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.
Milton Keynes sectors we fund.
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