Merchant cash advance in Strabane.
Strabane sits on the River Mourne in west County Tyrone, right on the border with County Donegal, and cross-border shopping has always shaped its trade. The town centre around Main Street and Market Street holds convenience stores, takeaways, barbers and independent retailers serving both local custom and shoppers crossing from Lifford and beyond. Forecourts do notably strong business here given the border traffic and fuel-price differences either side. Pubs and cafes anchor the social life of the town, while salons and small retailers rely on steady repeat trade. A merchant cash advance advances a lump sum that is repaid as an agreed percentage of daily card takings, so repayment rises and falls with how busy a business actually is. For a border town where trade can swing with the exchange rate and cross-border flows, that flexibility can suit the cash flow well. The full cost is agreed as a fixed cost before any money is drawn.
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.
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