Convenience Store Business Loans

Get up to £6000 funding within 24-48 hours

Get flexible funding in as little as 24-48 hours to stock up, upgrade your equipment, or expand your convenience store.

Types of Convenience Store Loans

Here are five types of loans that can help your convenience store succeed:

1. Merchant Cash Advance (MCA)

Get upfront funding based on your future card sales. Repay a percentage of daily transactions, making it ideal for seasonal or fluctuating revenue.

2. Equipment Financing

Purchase or lease essential store equipment with fixed monthly repayments for better financial planning.

3. Short-Term Loans

Quick funding to meet immediate needs like stocking up inventory or running marketing campaigns.

4. Business Lines of Credit

Access flexible funds as needed, paying interest only on what you use. Ideal for ongoing operational expenses.

5. Traditional Loans

Long-term loans with fixed monthly payments, best for large projects like store expansions or renovations.

What is Merchant Cash Advance?

A Merchant Cash Advance (MCA) provides funding based on your store’s future card sales. Repayments are a small percentage of your daily card transactions, ensuring flexibility. If your sales fluctuate, so do your repayments.

How MCA Works?

A Merchant Cash Advance provides a lump sum upfront, which you repay through a small percentage of your daily card sales. Payments adjust automatically based on how much your business earns—when sales are high, you pay more, and during slower periods, you pay less. No fixed schedules or complex terms.

Benefits of MCA for Convenience Stores

Flexible Repayments – Aligned with Your Sales

Repay a small percentage of your daily card sales automatically. No fixed monthly payments mean you pay more during busy periods and less when sales slow down, ensuring stable cash flow.

Compatible with Your Card Machine

No need for additional equipment or setup. MCA integrates with your existing PDQ card machine, making repayment effortless and convenient through your card sales.

Get Funded in Just 24 Hours

Access funding quickly with streamlined approvals. Once approved, your funds—ranging from £3,000 to £300,000—can be in your account within 24 hours, so you can act fast on business opportunities.

Unsecured and Stress-Free

MCAs are unsecured, so your business assets remain safe. Approval is based on your sales history, not your credit score or collateral, making it a stress-free option for funding.

Keep 100% of Cash Transactions

Only card sales are used for repayment. Your cash earnings remain untouched, allowing you to manage cash flow effectively and without added strain.

No Hidden Fees

All costs are clearly outlined upfront. You’ll know exactly what you’re paying, with no hidden charges, confusing APRs, or surprises.

Apply Anytime

Submit your application online 24/7. With a quick and straightforward process, you can apply at your convenience and get a decision in hours.

How to Apply for a Convenience Store Loan

Check Your Eligibility

Ensure your UK-based business has been trading for at least three months with consistent card sales through your PDQ machine to qualify for the loan.

Required Documents

Prepare recent bank statements showing the last month of activity, four months of card sales reports, and a valid ID like a passport or driving license for a smooth application process.

Apply Online Anytime

Submit your application through the Paymentsave online portal. It’s quick, simple, and available 24/7, allowing you to complete it in just minutes at your convenience.

Quick Approval and Funding

Once your application is submitted, our team reviews it within hours. Upon approval, access funding from £3,000 to £300,000 in just 24 to 48 hours to grow your restaurant effortlessly.

Grow Your Convenience Store with Flexible Funding

The UK convenience store industry is booming, with an estimated annual market value of over £40 billion. Convenience stores play a crucial role in meeting consumer demand for quick and easy access to daily essentials. With the increasing demand for delivery services and extended store hours, staying competitive requires regular investment.

A Merchant Cash Advance offers the funding flexibility you need to stock up, upgrade your equipment, and keep your store running smoothly. Fast approvals and flexible repayment terms ensure you can grow your business without the stress of fixed payments.

FAQs About
Convenience Store Loans

How much can I borrow with a Merchant Cash Advance?

You can borrow up to 150% of your average monthly card sales. For example, if your business earns £10,000 per month through card payments, you could access up to £15,000 in funding.

What are the repayment terms for an MCA?

Repayments are flexible and based on a percentage of your daily card takings. This means you’ll repay more when business is busy and less during quieter periods, helping to manage your cash flow.

What can I use the funding for?

You can use the funds for stock, equipment, marketing, or other business needs.

What fees are involved?

The cost of an MCA is based on a transparent factor rate. There are no hidden charges or confusing terms like APR. Everything is clearly explained upfront, so you’ll know exactly what to expect.