Merchant cash advance in Wolverhampton.
Wolverhampton grew out of the Black Country's industrial past and today its trade is centred on the Mander Centre, Queen Square and the busy stretches around Dudley Street and Victoria Street. Wednesfield and Chapel Ash add their own runs of independent shops, takeaways and barbers that serve local neighbourhoods day in, day out. It is a city where convenience stores, hot food counters and hairdressers take the bulk of their money over the card machine. A merchant cash advance gives one of these businesses an upfront lump sum, then collects repayment as a fixed percentage of the card sales that come through each day. Busy Saturdays contribute more and slow midweek days contribute less, so repayment tracks your actual trading. Merchant Business Loans does not lend directly, it arranges this unregulated commercial finance through a panel of funders and explains the fixed cost clearly 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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