What is ClubRight Cash Advance?
ClubRight Cash Advance is a flexible business funding solution powered by YouLend. Through this service, eligible clubs and fitness businesses can receive an advance of capital that is repaid via a fixed percentage of future sales. There is no interest, you pay a one-time fixed fee agreed upfront.
You can use the funds for growth, refurbishment, staff costs, inventory, or to bridge cash flow gaps.
How does repayment work?
Repayment is tied to your sales: a fixed percentage of each transaction will go toward repaying the advance.
If sales slow or stop, repayments slow accordingly.
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 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.
How much funding can I get? What are the eligibility criteria?
While final eligibility depends on your business’s financial metrics, some general guidelines include:
The range for cash advances is approximately £2,500 to £1,000,000.
Funding is based roughly on your average monthly turnover from card / electronic transactions.
You must have been trading for a minimum period of 3 months and maintain a certain monthly transaction volume.
How do I apply?
See if you qualify / receive offers
To see your eligibility for an advance visit; https://youlend.com/apply/clubright/welcomeSubmit an application
By applying online, you can typically get a quote the same day.
In the application, you will be asked for some basic information about your business, and to share business bank statements. This usually takes 5 minutes.Get your offer and sign
If approved, you’ll be presented with one or multiple offers (amount, fixed fee, repayment %, duration). You sign electronically.When can I receive the funding
If approved, funds are typically transferred within a short time (often within 24–72 hours) after signing.How to I find out my balance
To find out your outstanding balance, you can simply log in to your YouLend account which shows you your full payment history.
What does it cost?
There is no interest charged, only a single fixed fee from the start.
The precise fee (and thus 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.
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 us at least once, you can usually get quotes for additional funding and get the funds transferred the same day that you request it.
How can I get support?
Cash Advance is provided in partnership with YouLend, so for questions on the funding, application, repayment, or account status, you should contact the YouLend support team.