Merchant cash advance in Norwich.
Norwich is a busy cathedral city where card machines rarely stop, from the independent traders of the Norwich Lanes to the chain and boutique stores inside Chantry Place. The bars and restaurants along Prince of Wales Road and around Tombland take a steady flow of card payments every evening, while the stalls of Norwich Market and the cafes around the Riverside leisure quarter add daytime volume. A merchant cash advance gives one of these businesses a lump sum up front, then collects repayment as an agreed share of daily card takings, so the amount flexes with how trade is actually going. That structure fits the seasonal swing a hospitality or retail operator here knows well, with more repaid on strong weekends and less on quieter midweek days. Salons and barbers across Magdalen Street and the surrounding neighbourhoods use the same approach to spread the cost of a refit or new chairs. Merchant Business Loans arranges this commercial finance for Norwich firms rather than lending itself, working with a panel of funders to match the advance to the trade. It suits owners who want funding tied to real card income rather than a fixed monthly figure.
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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