Merchant cash advance
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Frequently Asked Questions
Any other questions, or to get a quote, please get in touch now.
Can I make a one-off payment to pay down my advance early?
Yes, you can always make one-off payments free of charge if you would like to.
You don’t have to, however. Most merchants prefer the flexibility and free cash flow of simply repaying in accordance with their fixed repayment percentage at no extra cost.
How will I repay?
Repayment will happen automatically as a fixed percentage of daily sales.
For example, if your repayment is 20% of daily sales and you made £1,000 in sales on a given day, then £200 would go towards repayment and £800 would go to you. On days without sales, you will not repay anything.
This means that, unlike traditional business loans with an interest rate that is always ticking, the YouLend Advance adjusts to your cash flows without any extra fees or charges.
Can I get a top-up?
Once you have been funded by us at least once, you can usually get quotes for additional funding and get the funds transferred the same day that you request it.