Merchant cash advance in Solihull.
Solihull is one of the West Midlands' most affluent commuter towns, anchored by the Touchwood shopping centre, Mell Square and the smart high streets of Knowle, Dorridge and Shirley. The spend here leans towards restaurants, beauty salons, boutiques, dental and aesthetic clinics and well kept coffee shops, all taking a high share of their income by card. A merchant cash advance suits these businesses because it provides a lump sum for refits, equipment or stock, then repays as an agreed portion of daily card takings. That means repayment quietly tracks the quieter January weeks and the busier run up to Christmas alike. Everything is set against a fixed cost that is agreed before you sign, so the total is clear. Merchant Business Loans arranges this commercial finance through its funding panel rather than lending directly to you.
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.
Solihull 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