Merchant cash advance in Paisley.
Paisley is the largest town in Renfrewshire, a former thread and textile centre whose heritage still shows in the Abbey and the grand town centre buildings. Today its High Street, County Square and the parades around Causeyside Street support takeaways, convenience stores, barbers and independent shops serving a dense local population. Sitting right beside Glasgow Airport and on the main routes into the city, the town also sees plenty of passing trade. A merchant cash advance helps these card taking businesses by advancing a lump sum that is then repaid as an agreed share of daily card receipts. That flexible repayment suits a busy takeaway or salon far better than a fixed monthly figure. It can fund new equipment, a refit or extra stock without draining the till. Merchant Business Loans arranges the finance through a range of funders rather than lending directly.
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.
Paisley sectors we fund.
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