General
What is a Cash Advance?
A Teya Cash Advance gives you quick access to funds based on your daily card sales. Instead of waiting for future transactions, you receive an upfront amount with a single fixed fee agreed at the start.
Repayments are automatic. A small percentage of your daily card sales is collected until the full amount is repaid. When sales are higher, you repay more; when sales are slower, you repay less. You don’t pay interest, and there is no fixed repayment schedule.
We partner with trusted funding providers to deliver this service to Teya merchants.
Who is a Cash Advance suitable for?
A Cash Advance works best for businesses that take most of their payments through a card terminal. Repayments adjust automatically with your daily sales, making it useful for cafés, restaurants, shops, salons, and other card-reliant businesses. When sales are higher, you pay back more; when sales are lower, you pay back less.
What can I use the funds for?
You can use the funds for almost any business purpose, such as:
Buying stock or inventory
Managing seasonal cash-flow gaps
Paying suppliers or rent
Upgrading equipment or refurbishing premises
Hiring or training staff
Marketing and business growth activities
There are no restrictions on how you use the funds.
Is Cash Advance a loan?
No. A Cash Advance is not a loan.
You receive a fixed upfront amount and repay it through a percentage of your card sales, not through monthly instalments. You pay a single fixed fee with no interest or APR.
Can I choose my funding amount and repayment percentage?
Yes. You can choose the funding amount within your offer limits and the repayment percentage of card sales that suits your business. These choices determine the fixed fee and the total amount you repay.
How do I request a Cash Advance?
You can request funding through the Teya App or Web Portal under the Funding section.
You’ll be asked to provide a few details, including your business incorporation date, your preferred funding amount, and your annual revenue.
If you’re eligible, you’ll see personalised offers with full pricing and terms.
Review your options and complete the application in a few simple steps.
Once your offer is accepted, funds are usually released within 24 hours.
How long is my offer valid for?
Your offer is valid for 30 days from the date it’s issued. If it expires, it will be removed automatically.
If you qualify for new offers, you’ll be notified in the App, Web Portal, SMS and email.
Who are the funding partners involved?
We work with established funding providers in the UK, including Liberis, YouLend and iwoca. They specialise in revenue-based finance and small-business funding.
Funding
How much funding can I receive?
Your funding amount depends on your eligibility, which is based on factors like card sales, business background, location, and product type. In the UK, typical funding ranges from £1,000 to £500,000.
When will I receive my Teya Cash Advance funds?
Once approved, most merchants receive their funds within 24 hours, often sooner.
Can I change my funding amount after my Cash Advance starts?
No, you can’t change the total amount once your Cash Advance is active. However, you may become eligible to request a top-up after you’ve repaid around 50% of your advance.
Am I eligible for more funding while repaying my existing Cash Advance?
Yes, you may be. Once you’ve repaid around half of your current advance and your repayments are in line with expectations, you may see a Renewal option in the Funding section of the App or Web Portal.
Paying off your advance early does not guarantee eligibility for additional funding.
Credit checks
What checks are carried out, and do they affect my credit score?
Our funding partners review data from several sources to assess your business. They may run company and consumer credit checks, but these checks are visible only to you and won’t affect your credit score.
If your application isn’t approved, you’ll see this on screen immediately.
Do I need to provide security or a personal guarantee?
A Cash Advance is unsecured, so you don’t need to provide collateral; however, if you apply as a limited company or LLP, you may need to provide a personal guarantee. This means that if your business is unable to repay the Cash Advance, you, as the business owner (or partners), would be personally responsible for making the repayments.
Repayments
How are repayments collected?
A fixed percentage of your daily card sales is deducted automatically. When sales increase, you repay more; when sales slow down, you repay less. You’ll only need to meet a minimum repayment of 3% each month.
Example (10% repayment rate):
Day 1: £1,000 in card sales → £100 goes toward your Cash Advance
Day 2: £500 in card sales → £50 collected
Day 3: £0 in card sales → £0 collected
Day 4: £2,000 in card sales → £200 collected
Can I repay early?
Yes. You can repay your outstanding amount at any time through your funding partner. There are no additional costs, but the fixed fee remains unchanged.
What happens if I make no sales for a few days?
Repayments adjust to your sales pattern. Some agreements include minimum repayment requirements over several weeks. These details are provided with your offer.
Can I change my repayment rate?
In some cases, our funding partners may agree to alternative arrangements. You can discuss this directly with them.
Can I change acquirers while I have an active Cash Advance?
Yes, you can change acquirers, but we recommend staying with Teya until your advance is fully repaid.
If you switch, you'll lose access to your deal management tools, and tracking your repayments may become more difficult.
Can I pause my repayments?
Repayment pauses aren’t usually available. If you need support, your funding partner can review your situation.
What is the repayment period for the Cash Advance?
Repayment generally takes six to twelve months, depending on your transaction pattern. Since repayments are a percentage of your sales, higher transaction volumes shorten the repayment period, while lower volumes extend it. You will receive an estimate with your offer.
Can I change my business bank account while my Cash Advance is active?
Yes. You can update your bank details at any time in the Teya App. Go to Explore, tap Settlements & Accounts and update your destination bank account.