Merchant cash advance in Portadown.
Portadown is one of the largest towns in the Craigavon area and a long-established retail centre for north Armagh, with High Street and the Meadows Shopping Centre pulling in shoppers from a wide rural hinterland. The town has a strong independent retail and fashion base alongside plenty of cafes, barbers and beauty salons serving regular local custom. Takeaways and convenience stores do steady trade across its residential areas, and the town's pubs and restaurants keep the centre busy in the evenings. Much of this activity runs through card machines, with weekends and market days lifting takings. A merchant cash advance gives a business a lump sum now, repaid as an agreed percentage of daily card sales rather than a fixed instalment. That means the repayment eases back when trade is quiet and picks up when the tills are busy. For a retail-led town like Portadown, matching repayment to actual card income can be a more comfortable fit than a rigid monthly figure.
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.
Portadown 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