Mews x YouLend Partnership FAQs

Mews customers located in select countries can apply for flexible revenue-based funding to help with capital or cash flow, through YouLend via Mews Operations. 


Approved applications receive the money into the verified bank account on file, ready for use for any business purpose and as early as one business day after signing the agreement. YouLend charges a single fixed fee, with no compounding interest or hidden charges. 

 

To qualify, properties need to satisfy all the below criteria:

  • be a Mews customer located in:
    • Belgium
    • France
    • Germany
    • Ireland
    • the Netherlands
    • Poland
    • UK
    • USA
    • Spain
      • Be actively processing card payments through Mews Payments for more than three months.
      • Have a monthly turnover of at least €2,500. 

       

      To apply: 

      1. In Mews Operations, go to the main menu   > Capital.
      2. Click Apply now.
      3. Mews then redirects you to a YouLend application web page.  

       

      In this article you can learn about the following FAQs: 

       
        

      How much money can properties get? 

      Through our partner, YouLend, Mews customers can access financing from € 3,000 up to a maximum of € 1,000,000. The amount YouLend finances is dependent on your property's monthly turnover.  

       
       

      How do properties repay the money? 

      YouLend bases repayment amounts on a percentage of the property's daily sales that are processed through Mews Payments. Your repayment changes YouLend upfront, no matter how long it takes you to repay.  

       
       

      What is the repayment length?   

      YouLend offers different target repayment terms for loans, ranging from 3-12 months, depending on eligibility and cash flow.

       
       

      How long until properties receive a response?  

      Within 24 hours.

       
       

      How do properties receive funds?  

      YouLend deposits funds into the verified bank account on file. This is the same bank account where you receive your payouts from Mews.  

       
       

      How much interest does YouLend charge? 

      YouLend does not charge an upfront fee. Typically, YouLend fixes the fee from 3% to 30% of the total financed amount. YouLend defines the flat upfront fee based on the customer risk profile and offers unique pricing per customer.  

       
       

      How can properties use the funds? 

      Properties can use funds for any business need, including covering short-term cash flow, hiring employees, purchasing inventory and equipment, refinancing, and paying off debt, and renovating an existing property, among many other options.  

       
       

      When does loan repayment begin?  

      Your payment begins four business days after payment.

      Was this article helpful?
      00



      Feedback