Merchant cash advance in Nottingham.
Nottingham is a busy university city where card machines rarely stop, from the bars and clubs of the Lace Market and Hockley to the cafes and independents around Old Market Square. The retail footfall through the Victoria Centre and along the pedestrianised streets keeps tills ringing across independent fashion, salons and food outlets. A merchant cash advance gives a business a single lump sum up front, then takes its repayment as an agreed slice of each day's card takings, so what you pay back rises and falls with trade. That structure fits the swings that hospitality and late-night venues here know well, quiet Mondays and rammed weekends. Barbers on Mansfield Road, coffee shops in the city centre and restaurants across the West End can use the funds for refits, equipment or stock without a fixed monthly figure hanging over a slow week. Merchant Business Loans arranges this commercial finance rather than lending itself, and repayment is set as a fixed cost agreed 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.
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