ClubRight Cash Advance is a business funding option for clubs using ClubRight Pay, provided in partnership with YouLend. This FAQ explains what it is, how repayment works, the costs, and how to apply.
What is ClubRight Cash Advance?
ClubRight Cash Advance is a flexible business funding solution powered by YouLend. Eligible clubs receive a lump-sum advance of capital that is repaid via a fixed percentage of future sales, with no interest and a single fixed fee agreed upfront.
You can use the funds for whatever your business needs: growth, refurbishment, equipment, staff costs, inventory, or bridging a cash flow gap.
How does repayment work?
Repayment is tied directly to your sales. A fixed percentage of each transaction goes toward repaying the advance.
If sales slow or stop, repayments slow accordingly. On days without sales, you do not repay anything.
There is no additional interest. You pay only the fixed fee you agreed when accepting the advance.
For example, if your repayment is 20% of daily sales and you took £1,000 in sales on a given day, £200 would go towards repayment and £800 would go to you. Unlike traditional business loans with interest that is always accruing, a YouLend advance adjusts to your cash flow without any extra fees or charges.
Am I eligible?
Final eligibility depends on your business's financial metrics, but the general criteria are:
You must have been trading for at least three months.
You must maintain a certain monthly transaction volume.
Funding is based roughly on your average monthly turnover from card and electronic transactions.
The fastest way to check whether you qualify is to start an application.
How much can I borrow?
Cash advances typically range from £2,500 to £1,000,000. The amount you can borrow depends on your business's financial metrics.
What does it cost?
There is no interest, just a single fixed fee agreed at the start.
The fee, and therefore the total repayment, depends on the offer you choose.
The repayment percentage is fixed and applies to every sale until the advance is fully repaid.
How do I apply?
Check eligibility. Visit youlend.com/apply/clubright/welcome to start the application.
Submit the application. You will be asked for some basic information about your business and to share business bank statements. This usually takes about five minutes, and you can get a quote the same day.
Review and sign your offer. If approved, you will be presented with one or more offers showing the amount, fixed fee, repayment percentage, and duration. You sign electronically.
When do I receive the funds?
Once your offer is signed, funds are typically transferred within 24 to 72 hours.
How do I check my balance?
Log into your YouLend account to see your outstanding balance and full payment history.
Can I repay early?
Yes. You may have the option to make one-off additional payments ahead of schedule without penalty.
Can I take more than one advance at a time?
Once you have been funded by YouLend at least once, you can usually get quotes for additional funding and receive the funds the same day you request them.
How do I get support?
ClubRight Cash Advance is provided in partnership with YouLend. For questions about funding, the application, repayment, or your account status, contact the YouLend support team directly through your YouLend account.
Have more questions about ClubRight Cash Advance?
If you have a general question that is not covered here, our Customer Success team is happy to help. Reach out via the orange chat button at the bottom right of your ClubRight dashboard.
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