Merchant cash advance in Northampton.
Northampton grew up around one of the largest market squares in the country and still carries a strong independent retail and hospitality trade through the Grosvenor Centre and the surrounding streets. Its long shoemaking heritage sits alongside modern car dealerships, salons and eateries serving both the town and the commuter belt around it. A merchant cash advance provides a lump sum now, repaid as an agreed proportion of the card takings that pass through the business each day. For a Northampton trader that flexibility suits the ebb and flow of the market town, with repayment slowing on a flat week and lifting when trade is strong. Shops on Abington Street, pubs across the town and forecourt and vehicle sellers on the edge of town use the funds for stock, refits or expansion. Merchant Business Loans arranges the facility as commercial finance and does not lend itself, with a fixed cost set out plainly before you accept.
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.
Northampton sectors we fund.
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Up to 90% approval for qualifying businesses