Merchant cash advance in Winchester.
Winchester is an affluent cathedral city where heritage tourism and a well-off local population keep quality restaurants, wine bars and independent shops thriving. The High Street, the Buttercross and the lanes around the cathedral are lined with cafes, boutiques and salons that take most of their sales on card from visitors and residents alike. The regular market and the seasonal events swell footfall and card spending through much of the year. A merchant cash advance suits these card-led businesses, advancing a lump sum that is repaid as an agreed share of your daily card takings so repayments track your actual trade. Restaurateurs, retailers and hoteliers use it to refurbish, restock or invest without tying themselves to a fixed monthly payment. Merchant Business Loans arranges the funding and is not the lender, sourcing unregulated commercial finance from a panel of funders. The cost is fixed and set out clearly before anything is signed.
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.
Winchester 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