Merchant cash advance in Woking.
Woking is a busy Surrey commuter town on the main line into London, with the Peacocks and Victoria Place shopping centres anchoring a town centre full of shops, restaurants and takeaways. Its economy is shaped by commuters and a diverse local community, giving its eateries and food outlets strong and regular card takings across the week. A merchant cash advance hands a business a lump sum and is repaid as a share of its daily card sales, so busier trading days carry more of the repayment and slower ones carry less. That structure suits Woking's restaurants, cafes and takeaways, where evening and weekend trade drives much of the turnover. A shop or gym can use an advance to fund stock, equipment or a refit without committing to one fixed monthly payment. Merchant Business Loans arranges this commercial finance rather than lending it, matching a business to a funder from its panel. The cost is agreed as a fixed figure upfront, so the full repayment is clear from the start.
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.
Woking sectors we fund.
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