Merchant cash advance in York.
York is one of the country's great tourist and university cities, with the Shambles, Stonegate and Coney Street drawing constant footfall past cafes, restaurants and independent shops. Hotels and guest houses across the city walls serve a year-round stream of visitors, while pubs, tattoo studios and boutiques thrive on both tourism and a large student population. The vast majority of that spending passes through card terminals every day. A merchant cash advance provides a business with a lump sum now, then recovers it as a share of daily card takings, which fits the strong seasonal swings of a visitor economy. Busy summer and festival periods clear the balance faster, while the quieter winter months ease the repayment. Merchant Business Loans arranges this commercial finance through a panel of funders, helping a York business find terms suited to its trade. The total cost is fixed and agreed at the start, with no property security needed to arrange it.
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.
York sectors we fund.
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Up to 90% approval for qualifying businesses