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What is PDQ Funding?
PDQ Funding is an ideal financial solution for businesses with low assets or limited credit history and a good volume of credit card transactions. SMEs including retail stores, restaurants, and service-oriented businesses are best suited for using it.
With PDQ loans, you can inject anywhere from £2,000 to £300,000 into your business within days, with no security assets or business plans required. Another name for PDQ Cash advance is Merchant Cash Advance.
How PDQ Cash Advance Works?
Get Quotes from Top PDQ Advance Providers Delivered to Your Email
Choose Your Pick & Get Quick Funding
Repay When You Sell Through Your Credit Card Sales
PDQ Cash Advance vs A Business Loan
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Security Assets Required |
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Fixed Repayments |
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Quick Funding |
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What Are the Costs of PDQ Cash Advance?
There is no upfront payment or hidden cost associated with PDQ Funding. You just have to pay from your future card sales. A percentage from your future card transactions goes to the lender until the advance is repaid, hence there is no fixed timeframe as well. The total cost of PDQ Cash Advance is determined by factor rate. The factor rate is set by both parties at the time the PDQ Funding offer is made. A factor rate of 1.2 means that you have to return £1.2 for every £1 you took as PDQ Cash Advance.
The borrowing amount for PDQ funding depends on your business’s credit card sales volume. PDQ funding providers typically consider your past few months of credit card (PDQ) machine sales and profitability to determine the total amount you can borrow. This amount can range from a few thousand to over a hundred thousand pounds.
To be qualified for a PDQ loan, here are three basic requirements:
- Your Business receives payments through (PDQ) card machines
- Your business has a healthy volume of card transactions
- Your business is profitable
Access funds quickly
No Collateral Required
Flexible Repayments
No Hidden Cosy
Increase Cash Flow
Reduce Bad Debt
Sectors PDQ Funding Covers
Retail
Mechanics
Restaurants
Bars & Clubs
Leisure Clubs
Plus Many More
Who Are we & how we help you?
Why Compared Business
At Compared Business, we don’t just compare, we help match your business to the best PDQ Funding providers for your unique business needs.
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PDQ Funding FAQs
PDQ Cash Advance is another name for Merchant Cash Advance or Card Machine Loan. It is a fast funding option for businesses that accept payments through (PDQ) card machines.
No, PDQ Advance does not have fixed monthly payments. Repayments are made as a percentage of your daily, weekly, or monthly credit card sales (usually 10-30%).
Not always. It is possible to obtain a PDQ Cash Advance with a bad credit rating. PDQ funding decisions are primarily based on the credit card sales performance and profitability of your business rather than your credit score.