Merchant cash advance in Sheffield.
Sheffield's independent scene runs from the bars and restaurants of Kelham Island and Neepsend, through the cafes and shops of Ecclesall Road and Sharrow Vale, to the high streets of Hillsborough, Crookes and Nether Edge. Card payments dominate, and a merchant cash advance (MCA) lets operators here borrow against that card flow with no fixed monthly repayment. With two large universities driving term-time trade and a strong local-loyal customer base, MCA fits Sheffield businesses that need working capital sized to how the tills actually move.
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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