Merchant cash advance in Salford.
Salford has changed beyond recognition, with MediaCityUK at Salford Quays now a hub of restaurants, coffee shops, bars and hotels serving media workers, students and visitors to The Lowry. Away from the waterfront, Salford keeps its working roots in district centres like Eccles, Swinton and Walkden, where takeaways, barbers, convenience stores and salons run on steady daily card trade. The University of Salford brings a young, card-first crowd through Peel Park and the Crescent. A merchant cash advance advances a lump sum up front and then recovers its fixed cost as a percentage of daily card takings, so repayments move with how busy each day proves to be. That fits both the Quays hospitality venues with their event-driven peaks and the neighbourhood traders with steadier footfall. Merchant Business Loans arranges this commercial finance across a broad funder panel and is not a lender itself.
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.
Salford sectors we fund.
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