Funding Made Flexible
Join thousands of merchants already benefiting from fast and flexible business funding from YouLend through the Handepay Loyalty Programme.
Funding Made Flexible
Join thousands of merchants already benefiting from fast and flexible business funding from YouLend through the Handepay Loyalty Programme.
Business funding in partnership with YouLend
We understand that cash flow and finances are a huge part of owning a business.
How business finance with YouLend works
Business funding is offered as a cash advance against your future card receivables.
Repayment occurs through your terminal or e-commerce platform. When a customer makes a card payment, a fixed percentage of that transaction is allocated to repay the advance. The repayment percentage is chosen by the borrower during the application process and it remains constant regardless of the transaction size, ensuring that your repayment is proportionate to your cash flow.
The benefits of borrowing through YouLend
Fast
Funding
Typically receive funds 1-5 days from signing your business financing agreement.
Flexible
Repayments
Payments are taken automatically as a small portion of your card takings, so you pay when customers pay you.
No Hidden
Fees
There’s no interest to pay, just one fixed fee that never changes. No late payments or monthly charges.
Unsecured funds from £3,000 to £1,000,000
Access up to 2 x your average monthly card turnover.
Online
Tracking
Keep track of your repayments simply and easily on the portal.
Easy to
Renew
More than 70% of merchants renew their funding.
Why you should choose Handepay business finance
- Available to all Handepay merchants in the Handepay Loyalty Programme
- Flexible Finance with repayments based on a fixed percentage of your future card transactions
- Access between £3,000 and £1,000,000 in business funding
Finance for every business need
As a Handepay merchant, you have access to capital that can support your business growth. Whether you need to improve cash flow, renovate your premises, or expand your team, our partnership with YouLend provides the financial backing and confidence you need to succeed.
Business Lending FAQs
- Your business needs to have been trading for 3 months or more.
- You need to be accepting card payments with Handepay via their preferred acquiring service provider, either with a card machine or online via an e-commerce payment gateway. If you don’t use a preferred provider, an alternative may be available, but you’ll need to contact us.
- A minimum monthly turnover of £3,000 in card transactions is required.
The level of funding you could receive is dependent on your average card turnover.
Typically, you could receive an advance of up to 2 x your average card turnover, so if you take £10,000 per month on cards you could be eligible for an advance of up to £20,000 in total.
Your advance is automatically repaid from your card revenue.
When your customer pays by card either via your card machine or e-commerce site, a small fixed percentage of that transaction is used to repay the advance.
This percentage is agreed when you sign up and will stay the same regardless of the transaction value, so you’ll always repay proportionately with your cash flow. This process will continue until the advance is fully repaid.
Prequalified offers are indicative only and are calculated using up to 12 months’ trading activity of a business of a similar size and type.
These are intended as a guide only, and, as part of the application process, the final amount of funding you are eligible to receive shall be confirmed by YouLend in their sole discretion.
The cash advance product is not a regulated loan or credit agreement is therefore not subject to the regulation and legal protections applicable to loans that are consumer credit or regulated mortgage contracts.
Handepay’s activities in relation to the YouLend product does not constitute regulated credit broking.
All applications are processed directly by YouLend Limited the funding provider.
Available to existing Handepay merchants receiving acquiring services from an acquiring provider organised through Handepay who have not entered into any other agreement with third parties for the sale of their receivables. Eligibility criteria will apply. Business must be trading for 3 months or more, with a minimum of £3,000 in card transactions per month.
All Cash Advance applications are processed by the independent service provider, YouLend Limited. The cash advance is a sale of future card receivables, not a loan, and is not subject to the regulation and legal protections applicable to loans that are consumer credit or regulated mortgage contracts. Handepay’s activities in relation to the YouLend products do not constitute regulated credit broking.