Merchant cash advance in Tamworth.
Tamworth is a Staffordshire market town with a castle at its heart, the Ankerside shopping centre in the middle and the busy Ventura Park retail and leisure area on its edge. The Snowdome and surrounding restaurants and cafes bring in leisure spend, while the town centre keeps a run of independent shops, takeaways and salons. These are businesses that take most of their money by card across the course of a day. A merchant cash advance gives one of them a lump sum up front, then repays through an agreed share of daily card takings rather than a fixed monthly figure. Busier trading contributes more and quieter days contribute less, all against a fixed cost set at the start. Merchant Business Loans arranges this commercial funding through its panel of providers and does not lend directly 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.
Tamworth 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