Merchant cash advance in Birmingham.
Birmingham's trading mix is as broad as any UK city, from the curry houses of the Balti Triangle and the bars and restaurants in the Jewellery Quarter and Digbeth, to independent retail in the Bullring and along the high streets of Moseley, Kings Heath and Harborne. These are card-led businesses, and a merchant cash advance (MCA) gives them an upfront lump sum repaid as a share of daily card takings. With a large student and commuter population driving steady evening and weekend trade, MCA fits Birmingham operators who need stock, fit-out or refurb capital without a fixed monthly repayment.
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