Merchant cash advance in Stoke-on-Trent.
Stoke-on-Trent is the Potteries, a city made up of six towns with Hanley as its main shopping and nightlife centre and Burslem, Longton and the others each keeping their own high streets. Alongside the ceramics heritage, the everyday economy runs on takeaways, pubs, convenience stores, barbers and the retail parks out at Festival Park. These are card led businesses that take a steady stream of payments rather than a few large monthly ones. A merchant cash advance fits that rhythm by advancing a lump sum and collecting repayment as an agreed share of your daily card takings. Busy nights and weekends clear more of the balance while quieter spells cost less, all under a fixed cost agreed at the outset. Merchant Business Loans arranges this funding through a panel of providers and does not lend the money 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.
Stoke-on-Trent sectors we fund.
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Up to 90% approval for qualifying businesses