Small Business Finance
Flexible financing to grow your business. In partnership with YouLend. Simple.
Grow your business
with flexible funding
Access funding up to £1,000,0001 to grow your business and pay back when you make money2. Simple.
What is a cash advance?
You receive a lump sum payment, which you pay back as a small percentage of your daily card sales—typically between 5% and 30%.
Unlike a traditional bank loan, you don’t need to offer any assets as security. Instead, approval is based on your average card payment earnings, using your latest merchant statements.
This funding helps you grow your business and repay only when you make sales, giving you more flexibility and control over your finances.
Do I qualify?
There are some basic criteria before we can put forward a customer for cash advance funding:
- Have been in business for at least 12 months.
- Currently accept card payments from your customers via a card machine or secure e-commerce gateway.
A minimum monthly card turnover threshold of £3,000 per month, based on at least of 3 months’ worth of trading.3
What funding is available?
If you know your monthly card turnover, this will give you an estimate to the size of advance you could receive. (this can be found on your recent merchant statement).
Typically, you can get an advance at 100-110% of your monthly card turnover. E.g. a monthly card turnover of £15,000 will equal around a £15,000-£16,500 advance.
This isn't like a traditional bank loan
Traditional
Traditional Bank Loan
Up to 75 days to extend new loan- Fixed monthly repayments
- Administrative fees for an application, as well as early repayment fees
- Assets at risk if you default
YouLend
Merchant Cash Advance
- Decision in as little as 60 minutes
- Funding in 1-4 days
- Your assets will remain safe
- Funding is unsecured
- Pay back as you earn
- No hidden fees, all costs agreed upfront
Did you know over 83% of customers renew their advance? On average customers renew 3 times to continue to fund the growth of their business.4
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Just come off the phone having set up our new business broadband account. Really helpful in explaining the ins and outs of the broadband service offered - would recommend!
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Great deals and options given by the operator - resulting in some great upgrades for lower prices.
Rennicks Wedding Cars
I've used Clear Business for four years and never had an issue with them...
Glasgow, Scotland
I've used Clear Business for four years and never had an issue with them...
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