Merchant cash advance in St Albans.
St Albans is an affluent cathedral city with a genuinely thriving independent scene, and that shows up in the card takings across town. The twice-weekly market on St Peter's Street, the boutiques and delis of French Row and the restaurants, wine bars and gastropubs clustered around the Cathedral quarter and George Street all trade on healthy footfall from residents and day visitors alike. Hospitality is a real strength here, with well-regarded pubs, cafes and casual dining rooms turning tables from brunch through to late. A merchant cash advance works neatly for these businesses because it hands over a lump sum straightaway and recovers it as an agreed percentage of daily card sales, so repayment tracks how the tills are actually performing week to week. The overall cost is fixed and clear from the start. The funds are commonly put towards refurbishments, new equipment, seasonal stock or bridging a gap between quieter and busier trading spells. Merchant Business Loans arranges this commercial finance rather than lending directly.
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.
St Albans 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