Merchant cash advance in Omagh.
Omagh is the main county town of Tyrone, with trade centred on High Street, Market Street and the Showgrounds and Strule shopping areas that serve much of the west. As a rural service hub it draws farming families and townspeople to its shops, cafes, pubs and salons, most of which take their income by card. A merchant cash advance suits this because it advances a lump sum repaid as an agreed share of daily card takings rather than a fixed monthly figure. Busier market and weekend trade clears more of the balance, and slower weeks clear less, which eases cash flow. That helps an Omagh convenience store, takeaway or beauty salon fund a refit, equipment or extra stock. Merchant Business Loans arranges this commercial finance across a panel of funders rather than acting as the lender. The total is confirmed as a fixed cost agreed at the outset.
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.
Omagh sectors we fund.
Not listed? See every sector we fund.
Ready when you are
Ready to apply?
60 seconds to apply. 1 working day to a decision. No obligation, no credit footprint for the initial check.
Up to 90% approval for qualifying businesses