Merchant cash advance in Manchester.
Manchester runs on card-led trade, from the Northern Quarter's independents and the bars around Deansgate Locks to the Spinningfields lunch crowd and the family-led restaurants in Rusholme and Levenshulme. Hospitality, salons and independent retail across the city take most of their revenue through card terminals, which is exactly what a merchant cash advance is built to fund. Whether you trade in the city centre, in Ancoats, or out in Didsbury and Chorlton, an MCA gives you working capital today repaid as a share of your daily card takings.
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.
Manchester sectors we fund.
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Up to 90% approval for qualifying businesses