Merchant cash advance in London.
London's independent operators trade against the toughest rent in the country, from Soho restaurants and Shoreditch bars to West End salons, Hackney coffee shops and the high streets of Brixton, Camden and Clapham. A merchant cash advance (MCA) suits these card-heavy businesses because repayments scale with daily takings, so a slow midweek does not break cashflow. Whether you run a unit on Old Compton Street, a boutique gym in Battersea or a takeaway in Walthamstow, MCA funding sits naturally on top of the card volume you already process.
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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