Merchant cash advance in Northwich.
Northwich is a Cheshire market town built on the salt trade, sitting where the Weaver and Dane rivers meet and centred on the Barons Quay development and its older streets and market. It has a comfortable local catchment and a growing dining and leisure scene alongside its independent shops. Cafes, restaurants, salons, beauty studios and retailers here take a healthy share of their trade by card, giving a clear read on daily performance. A merchant cash advance advances a lump sum against that trade and is repaid as an agreed share of daily card takings, easing off when a week is quieter. A Northwich cafe could expand its seating, or a beauty salon invest in new equipment and a refit. Merchant Business Loans arranges the finance and works with a panel of funders to match the offer to the business. There are no rigid monthly repayments to worry about when takings dip.
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.
Northwich sectors we fund.
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Up to 90% approval for qualifying businesses