Merchant cash advance in Liverpool.
Liverpool trades hard on hospitality and independent retail, from Bold Street and the Baltic Triangle, to the bars and restaurants on Castle Street and Hope Street, out to the high streets of Allerton, Woolton and Crosby. A merchant cash advance (MCA) is well suited to these card-led businesses, repayments come as a share of daily takings, so quieter Mondays mean lighter days. With strong weekend, matchday and event trade across the city, MCA gives Liverpool operators the working capital to invest ahead of their busiest periods without a fixed monthly commitment.
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