Merchant cash advance in Perth.
Perth is a prosperous former county town on the Tay, long known as a gateway to the Highlands and home to a well heeled shopping and dining scene. The St John's Shopping Centre and the High Street host independent retailers, jewellers and fashion shops, while the surrounding restaurants, cafes and salons draw regular card custom from an affluent local catchment. The racecourse and a busy events calendar add seasonal spikes in visitor spending. A merchant cash advance suits Perth's card taking businesses by advancing a lump sum that is repaid as a share of daily card sales rather than a fixed amount. Quieter mid week trading costs less to service, while strong event weekends clear the balance sooner. It is a straightforward way to fund a shop refit, new stock or a salon expansion. Merchant Business Loans arranges this commercial finance and is not the lender.
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.
Perth sectors we fund.
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Up to 90% approval for qualifying businesses