Supporting business continuity

We know that this is a worrying time for many businesses. With that in mind, we’re working with YouLend to offer our customers Business Funding. It provides fast and flexible access to finance, with repayments that are proportionate to your earnings.

This funding is only available to businesses that are currently trading. Repayments are taken as a fixed percentage of your card takings, which means you only repay as you take payment.

Only repay when you get paid

Once you’ve received your Business Funding, the repayments automatically begin when you take card payments. A percentage of every card transaction is used to repay the funding and this percentage is chosen by you.

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How it works

  • Apply online

    Our experts will help guide you through the process.

  • Funds transferred within a few days

    For businesses that are trading, funding will typically be in your account within a few days.

  • Pay as you earn

    Only pay back as you get paid.

  • You choose the repayment amount

    A percentage of each transaction is used to repay the funding.

Get started

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Click to Apply

You’ll need to enter one of your Merchant IDs and provide some details about your business. Then select the funding amount and your repayment option.

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Receive your Business Funding

For businesses that are trading, funds will typically be in your account three business days later.

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Repay as you get paid

Repayments will automatically be taken as a fixed percentage of your takings.

Need help?

For more information, speak to a specialist on 0800 804 8109 or email paymentsense@youlend.com. Alternatively, check out our FAQs below.

FAQs

How much Business Funding am I eligible for?

The amount you're eligible for depends on your monthly revenue, and how long your business has been operating. You'll get an estimation once you input these details at the start of the application process.

How do I make repayments?

Once you've received the funds, the repayment process begins automatically. From this point on, a percentage of your card transactions will go towards paying off your advance. This is a percentage that you choose before the money is transferred, and stays the same regardless of the transaction value.

How do I check my balance?

As part of the application process, you'll set up a YouLend account with details of your Business Funding. You can log into this any time to check the progress of your repayments, and view the outstanding balance.

How long does it take to repay?

This depends on the size of the advance, the repayment percentage and your card turnover. The typical length to repay is 8 months.

Will I definitely be accepted?

Eligibility criteria will apply. Funding is only available for businesses that are still trading. Your pre-qualified funding amount may be adjusted to reflect changes to your regular trading. All Cash Advance and Loan Advance applications are processed by our dedicated provider, YouLend ApS.

What types of business finance do YouLend offer?

There are two types of finance products:

  1. Cash Advance: This is a transaction whereby you sell, and YouLend buys a specified portion of your current and future card receivables through a sale and purchase agreement in consideration of a purchase price paid to you. The sold card receivables are collected through an agreed fixed percentage of your card takings. This is a sale and not a loan so there is, for example, no maturity date.

  2. Loan Advance: This is an unsecured amortising loan with a fixed maturity date. The loan is repaid (amortised) through the greater of (1) an amount equating to an agreed fixed percentage of your card takings, and (2) a weekly minimum amount. This loan product is only available to (1) incorporated entities (private limited companies, public limited companies, limited partnerships and partnerships where 2/3 of all partners are incorporated entities also known as bodies corporates), and (2) unincorporated entities (sole traders and partnerships where less than 2/3 of all partners are incorporated entities) seeking to obtain more than £25,000 in financing. Any credit to be provided to you as borrower is to be applied for business purposes relating to you only and not for the benefit of any other person. You should be aware that the loan agreement entered into by you will not be subject to the regulation and legal protections applicable to loans that are consumer credit or regulated mortgage contracts