Merchant cash advance in Reading.
Reading is a fast-moving Thames Valley commuter town where the lunchtime and after-work card spend is relentless. The Oracle centre and Broad Street pull in the shoppers, while Friar Street and the Kings Road bars fill up once the trains empty out each evening. Caversham and the surrounding districts keep the independent coffee shops, gyms and salons trading steadily on a weekday rhythm driven by office workers. A merchant cash advance fits businesses like these because it advances a lump sum that is repaid as a share of your daily card takings, flexing naturally with a trade that peaks midweek and quietens at weekends. Gym owners, restaurateurs and shop managers use it to invest in equipment, refits or extra stock without committing to a fixed monthly figure. Merchant Business Loans arranges the facility and does not lend directly, sourcing unregulated commercial finance from a panel of funders. The total cost is fixed and shown to you up front before anything is signed.
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.
Reading 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