Merchant cash advance in Tunbridge Wells.
Royal Tunbridge Wells is an affluent Kent spa town, where the Georgian colonnade of The Pantiles and the shops of Royal Victoria Place and the High Street set a distinctly upmarket tone. Its spending power supports a strong base of restaurants, coffee shops, beauty salons and independent boutiques, all taking healthy card volumes from a well heeled local market. A merchant cash advance advances a lump sum and is then repaid as a share of daily card takings, so the amount collected tracks the natural rhythm of trade rather than a fixed monthly bill. That works well for the town's salons and eateries, where a strong weekend can carry a quieter start to the week. A boutique or beauty clinic can use an advance to expand treatment rooms or refresh a fit out without locking into a set repayment. Merchant Business Loans arranges the finance rather than lending it, matching a business to a suitable funder from its panel. The total cost is fixed and clear before anything is agreed.
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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