Merchant cash advance in West Bromwich.
West Bromwich centres on its High Street and the New Square shopping development, with a strong run of independent shops, hot food outlets and barbers serving a busy, diverse local population. It is a working town where retailers, takeaways and convenience stores handle a large number of card transactions across a typical week. A merchant cash advance is well suited to that kind of trade because it hands over an upfront lump sum and then recovers an agreed percentage of your daily card sales. On strong trading days you contribute more and on slow ones you contribute less, so repayment keeps pace with real income. The total is set as a fixed cost from the start, with nothing hidden. Merchant Business Loans arranges this unregulated commercial funding through a panel of providers and never acts as the lender 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.
West Bromwich sectors we fund.
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Up to 90% approval for qualifying businesses