Merchant cash advance in Portsmouth.
Portsmouth packs a lot of card-taking trade onto its island, from the designer outlets at Gunwharf Quays to the seafront cafes and amusements of Southsea. Albert Road and Osborne Street carry a lively mix of independent bars, tattoo studios, barbers and restaurants, while Commercial Road keeps the shops busy in the city centre. This is a naval and tourist city, so takings swing with the seasons and the weather, which is exactly where a merchant cash advance earns its keep. The facility advances a lump sum and is repaid as a set share of your daily card sales, so a slow winter week costs you less than a packed summer one. Owners use it to fit out a new bar, replace kitchen equipment or top up stock ahead of the season without a rigid repayment date. Merchant Business Loans arranges the funding rather than lending itself, drawing on a panel of funders for unregulated commercial finance. Every deal carries a fixed cost that is agreed before you commit.
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.
Portsmouth 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