Merchant cash advance in Peterborough.
Peterborough is a fast growing cathedral city built around Cathedral Square and the large Queensgate shopping centre, with retail parks and forecourts spread out along the parkways and the nearby A1. Its trade is a mix of high street retail, takeaways and convenience stores in areas like the Ortons and Bretton, alongside the car dealers and MOT garages that serve a heavily commuter and van driving population. A merchant cash advance provides a lump sum up front that is then repaid as an agreed slice of daily card takings, so the amount collected rises and falls with the business's own sales. For a convenience store or takeaway with steady card volume, that keeps repayments proportionate to the week's trade. Garages and independent dealers use the same funding to cover stock, tools or premises work while keeping cash free for day to day running. Merchant Business Loans arranges this commercial finance through a panel of funders rather than lending itself. It is a practical fit for Peterborough's busy retail and motor trades.
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.
Peterborough sectors we fund.
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