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PDQ Funding

2 Reviews
Member 7+ Years
753545
South place
Chesterfield
Derbyshire
S40 1SZ

Tel:
01246 23****


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Mon - Fri: 09:00-17:00
Sat / Sun: Closed

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Member since : 10 Mar 2018
Manually reviewed : 6 Apr 2021
Last updated : 18 Mar 2023

About PDQ Funding

Key Services :


PDQ Funding - Merchant Cash Advance is a specialist loan provider to business in the United kingdom. We help businesses all over the UK find the right business finance. Working with dozens of lenders across the whole spectrum of business funding.

If you’re looking for funding to grow your business, you will probably start looking at business loans. But, especially for smaller firms, business cash advances are another favorite source of funds. Although both financing methods involve receiving and repaying a sum of money, merchant cash advances are not the same as loans. Instead, the business gets an advance against its future credit card sales, and you repay via the business’s future card transactions.

A merchant cash advance is different than a loan in that we essentially pre-purchases some of your credit card transactions, “advancing” the money to you. We will “own” some of your future sales, and will collect the money from those sales. Unlike loans, cash advances technically don’t have an interest rate or a set repayment period. Instead, you repay us taking a percentage of your credit card sales each day until you’ve reimbursed the balance and the fee agreed on.

Merchant cash advances are one of the most innovative products in alternative business finance. The concept has only existed for a few years, but it’s already proving very popular with retail businesses and the leisure sector. Put simply, a merchant cash advance uses your card terminal to 'secure' lending — perfect for businesses without many assets, but who have a good volume of card transactions every month. Repayments are then taken as a proportion of your revenue, making it a quick and easy funding solution for many SMEs.
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2 FreeIndex Reviews

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David Pollard
Chesterfield
Thank you to you and your team at PDQ Funding for your help, really helpful #lifesaver.
Lee Smith
Chesterfield
Really helpful and quick service, many thanks for your help in regards to securing us funds.

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