Merchant cash advance in Cardiff.
Cardiff trades on a tight cluster of card-heavy streets, from the bars and restaurants of Mill Lane, St Mary Street and Pontcanna, to the cafes of Roath, Cathays and Whitchurch, and the independents of Cardiff Bay and Wellfield Road. A merchant cash advance (MCA) lets these operators turn daily card takings into working capital without a fixed monthly payment. With Principality Stadium driving major event spikes through rugby and concert season, MCA suits Cardiff businesses whose revenue is uneven week to week but consistent month on month.
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 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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Up to 90% approval for qualifying businesses