Merchant cash advance in Taunton.
Taunton is the county town of Somerset, a traditional market town whose card trade centres on the shops of Fore Street and North Street, the Orchard shopping area and the cafes and pubs around the town centre and the Firepool riverside. It serves a wide rural catchment, so independent retailers, tearooms, barbers and takeaways draw steady custom from town and surrounding villages alike. A merchant cash advance gives a Taunton business a lump sum and is repaid as an agreed share of daily card takings, meaning a quiet week costs less than a strong market day. That flexibility suits established high street traders whose footfall shifts with the seasons and the weather. Owners here typically put the funds towards a refit, new stock or equipment while protecting everyday cash flow. There is a single fixed cost set out from the beginning. Merchant Business Loans arranges this commercial finance and is not the lender.
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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