Merchant cash advance in Yeovil.
Yeovil is a Somerset market town with a strong aerospace and manufacturing heritage through its long-standing Westland works, and its card trade sits mainly in the Quedam shopping centre, along Middlemarsh Street and the surrounding town centre parades. It serves a broad rural south Somerset and Dorset border catchment, so independent retailers, takeaways, barbers, pubs and convenience stores here draw regular custom from town and villages alike. A merchant cash advance gives a Yeovil business a lump sum and is repaid as a share of daily card takings, so a slower week costs less than a busy one. That suits established traders whose footfall moves with paydays, market days and the seasons. Owners commonly use the funds for a refit, extra stock or new equipment without a rigid monthly repayment. One fixed cost is agreed at the outset. Merchant Business Loans arranges this commercial finance rather than lending it directly.
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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