Merchant cash advance in Torquay.
Torquay is the heart of the English Riviera, a classic seaside resort where card trade clusters around the harbourside, the marina, Fleet Street and the hotels lining the bay and the Babbacombe cliffs. Its economy is built on hospitality, with guest houses, seafront restaurants, pubs, ice cream parlours and salons all leaning on holiday footfall that surges in summer and slows through winter. A merchant cash advance advances a lump sum and is repaid as a percentage of daily card takings, so the quiet off-season costs less while peak-season trade clears the balance faster. That rhythm suits a resort town where income is sharply seasonal. Operators here use the funds to refresh rooms, refit a kitchen or stock up before the holiday rush. The cost is fixed and agreed before anything starts, with no fixed monthly payment to find in January. Merchant Business Loans arranges the finance and does not lend 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.
Torquay sectors we fund.
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