Merchant Cash Advance PDQ

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Merchant Cash Advance

What is a Merchant Cash Advance?

A Merchant Cash Advance, also known as a PDQ Cash Advance or Business Cash Advance is a quick and easy alternative to a bank loan that secures lending using your business’ card terminal. Repayments are taken from the transactions processed through a PDQ machine (card machine).

This type of loan is ideal for businesses that operate seasonally as loan repayments are minimal on months with a low turnover and more substantial on months with a higher turnover.

A PDQ cash advance is an unsecured advance of cash, based upon future credit and debit card sales. A pre-agreed percentage of your businesses card transactions are taken to repay the loan, until the confirmed total payback has been met. As payback is directly linked to card takings, you’ll only pay back your advance when your business earns.

Am I eligible for a Merchant Cash Advance?

Generally speaking, most limited and non-limited companies, including partnerships, are eligible. The main requirement is that they have been taking card payments for at least 4 months through a PDQ terminal or an online e-commerce store.

To qualify for a cash advance, you do not have to be a homeowner and will not have to secure anything against a property. There are no specific sectors that are exempt from this type of loan. Providing you take regular card payments and fulfil the monthly threshold of £2,500, you should qualify.

We work with all merchant acquirers, such as; Worldpay, FDMS, Elavon, Global Payments etc. We can also work with e-commerce partners such as Amazon, Deliveroo, Shopify etc.

What Happens If I Don’t Qualify for a Merchant Cash Advance?

There may be times when a business is not accepted for a merchant cash advance loan. There could be a number of reasons for this but even if you’re initially rejected there is still hope.

It could be that your card takings are lower than what is required in that particular month or that your business hasn’t been trading long enough. In either instance, there is still a chance that you can get yourself a merchant cash advance in the very near future.

If you are a newer company and haven’t made the 4 month threshold, simply waiting for those 4 months to be over before applying again is the best route to take. If you have been trading long enough but have not made the financial threshold of £2500, it may be the case that you need to take more card payments.

There are a few ways to go about increasing card takings. The first is to make sure your PDQ machine is on show so your customers know they can pay by card. Draw as much attention to your card machine as possible and get people using it frequently. Have you got a lack of customers resulting in low card takings? Consider advertising your business more and shout about why more people should come in! There are a wide range of options to take if you’re savvy enough.

If you are unable to increase PDQ payments and are in desperate need for a loan, we have other options available. Maybe you need to get more inventory? Or you’re in need of a new boiler? There are other ways you can get funding for these mishaps.

Explore our other loan options and see if anything fits the bill. Stay persistent and confident, and you’ll find the right finance for you. If in doubt, give us a call! We’re always here to help.

How does a Merchant Cash Advance work?

As mentioned, Merchant Cash Advances are loans which are repaid through a business’s transactions via a PDQ machine. An example of a PDQ Cash Advance:

  • The boiler breaks in a hair salon, leaving them with no hot water for the sinks. Without hot water, they can’t wash customers’ hair, meaning they can’t operate properly.
  • They set up a Merchant Cash Advance based on their revenue from the previous month.
  • They receive funds to repair the boiler immediately, so they can have the salon up and running as quickly as possible. 
  • Repayments are agreed taken as a percentage of future card takings of over the next few months.
  • Therefore, every time a customer spends money through the card terminal a small percentage of this sale is taken to repay the loan until the total payback figure has been met.

A PDQ Cash Advance doesn’t have to be used for emergency situations. Due to the loan being unrestricted, you can use the funding to go towards any business expense. Most customers use this for growth; refurbishments, equipment purchase, increasing staff, marketing, etc.

The repayments will be taken automatically at source from your merchant account; therefore you will not need make any manual repayments. Some lenders provide you with a repayment dashboard that will allow you to track your repayments.

There is no fixed term on this product, as the loan is directly related to how many sales through the card terminals are made each month. However, all loans are typically paid back within 12 months. Loans can be arranged same-day if everything is sent back quickly. However, on average, this takes around 5 working days dependent on your acquirer.

What are the benefits of Merchant Cash Advances?

    Seamless repayments

    In this type of loan, you don’t have to worry about knowing which date your payment will be taken or whether you have enough in the bank. This is because the repayment is ‘taken at source’, meaning it won’t go into your account in the first place. The lender works with the card terminal provider directly, meaning there’s no middle man (that’s usually you), and the payments are taken automatically until the entire debt is paid.

      Flexible repayments

      It’s simple, really; the more you earn, the more you pay back. If you have a super busy Christmas period, you might end up paying a lot of the loan back during this time. In contrast, a quiet period would see you paying less. This means you don’t have to worry as much about whether you’ve got enough to cover the repayments should you come into a quiet spell or experience difficulties out of your control. The repayments on business cash advance loans are proportional and are made as a percentage of your business revenue each month.

        Access to other finance options

        While it may be difficult to secure more than one regular business loan, having a Merchant Cash Advance doesn’t hinder your ability to have another type of finance at the same time. You can use your PDQ Cash Advance for general cash flow while having a different type of business loan for other vital business needs.

        What are the disadvantages of a Merchant Cash Advance?

        This type of loan might seem like a win-win situation on paper, but it’s not the most suitable finance option for everyone. If your business deals mostly with cash, invoices or bank transfers, it’s likely that you wouldn’t benefit as much from a PDQ Cash Advance. This is because the repayments are made through card transactions, so it’s most beneficial if this is your business’s most used form of payment.

        There is also a limit to the amount you can borrow based on your monthly turnover. You’ll usually be able to borrow the equivalent of your average monthly revenue, but it would be difficult to obtain this kind of loan for a larger sum. This is because it must be paid back via card payments, so if your company isn’t making enough money, you wouldn’t be able to pay it back.

        If you need any more details on the PDQ or Business Cash Advance agreements we offer from UK lenders, call us on 01371 870815 or email us at We work with some of the best cash advance companies to get you competitive deals that you can trust.

        Need help?

        Aurora Capital have built a strong relationship with Funding Circle over the past 4 year, so much so that we have become Business Champions. This exclusive program includes only 26 members across the UK, thus demonstrating our knowledge and expertise in this sector.

        For more details on our services, applications or interest rates, please get in touch with our support team.

        020 3355 7462

        Office N, Dutch Barn. | Ford End, Chelmsford | Essex CM3 1LN

        Registered in England: Trading under Timali Ltd.

        Registered Company No: 08401705

        Timali Ltd is authorised and regulated by the Financial Conduct Authority; 831395. Timali Ltd act as a commercial finance credit broker and not a lender

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        Aurora Capital

        Office N, Dutch Barn, Ford End, Chelmsford, Essex, CM3 1LN
        020 3355 7462

        Registered in England: Trading under Timali Ltd.
        Registered Company No: 08401705

        Timali Ltd is authorised and regulated by the Financial Conduct Authority; 831395.
        Timali Ltd act as a commercial finance credit broker and not a lender

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