Need a little extra to supercharge your business? Get funding based on your trading volume.
We’ve partnered with YouLend to offer flexible funding that puts you in control.
Apply in appIt's quick and easy to apply in the app. Simply head to the ‘My Account’ section in your Lopay app to get started.
Get access to funding within just a few days. No negotiations, no long wait times, and pre-approved funding that gives you greater peace of mind.
Repay automatically as a percentage of your weekly earnings through Lopay. So, when you earn more, you’ll pay a little more, and you’ll pay less when you are earning less.
Need more cash for an unexpected expense or to further grow your business? Access further funding in just a tap.
Help when you’re looking to expand to new locations or markets.
Boost your inventory levels so your bestsellers never run out of stock.
Protect your business from missed payments with suppliers.
Improve your cash flow and steady your business with cash advances straight to your bank.
Increase staff numbers and get more hands on deck to help take even more payments.
Whether it’s new salon equipment or carpentry tools, cash advances can help you improve your services.
Help when you’re looking to expand to new locations or markets.
Boost your inventory levels so your bestsellers never run out of stock.
Protect your business from missed payments with suppliers.
Improve your cash flow and steady your business with cash advances straight to your bank.
Increase staff numbers and get more hands on deck to help take even more payments.
Whether it’s new salon equipment or carpentry tools, cash advances can help you improve your services.
Once you have been trading with us for a few months and you are eligible, you’ll be able to apply for a Cash Advance. Here’s how in 3 quick steps.
Got more questions? Visit our help centre below, call us at +1 320 377 3741 or email us your questions at support@lopay.com.
Lopay works with YouLend Limited to offer cash advances to merchants using Lopay.
You will be notified via email and within the Lopay app when a cash advance offer is available to you. A minimum of 3 months of trading history is required.
The longer you've been trading through Lopay and the higher your monthly revenue, the larger your offers will be. Typically offers will be up to two times your monthly revenue.
As an example, if you have an ecommerce business that has sales of $10,000 each month on average, and you started your business 12 months ago, you could be eligible for $15,000 in funding with a fixed fee of $1,500 and repayment of 20% of your daily sales.
With a cash advance you won't pay interest. You will only be charged a single fixed fee, so you know up front exactly what you will repay. All terms will be clearly set out in your Lopay app and you choose the size of the advance that suits you.
If you receive a cash advance it will be repaid over an agreed period via deductions from the payments you take through Lopay. However, if you're earnings are lower than expected and deductions from your Lopay transactions are insufficient, YouLend reserve the right to take repayments direct from your bank.
Got more questions? Visit our help centre below, call us at +44(0)20 4571 4796 or email us your questions at support@lopay.com.