A Teya Cash Advance provides quick access to funding based on your daily sales. Instead of a traditional loan with fixed monthly instalments, you receive an upfront amount and repay it automatically through a small, fixed percentage of your daily takings. This solution is delivered in partnership with trusted funding providers, including Liberis, YouLend, and iwoca.
How it works
A Teya Cash Advance is designed for businesses that take the majority of their payment volume through Teya payment solutions.
- Not a loan: You pay a single fixed fee agreed at the start. There is no interest and no Annual Percentage Rate (APR).
- Flexible repayments: We collect a pre-agreed percentage of your daily card sales. When you sell more, you repay more; when business is quiet, you repay less.
- Unrestricted use: You can use the funds for any business purpose, such as buying stock, refurbishing premises, training staff, or managing cash flow.
Repayment example
If you agree to a 10% repayment rate, your daily deductions might look like this:
- Day 1: £1,000 in card sales → £100 collected toward your Cash Advance.
- Day 2: £500 in card sales → £50 collected.
- Day 3: £0 in card sales → £0 collected.
While there is no fixed repayment schedule, you must meet a minimum repayment of 3% of the total advance each month.
Eligibility and funding options
Funding amounts typically range from £1,000 to £500,000. Your specific offer depends on your eligibility, which our partners assess using your card sales history, business background, location, and product type.
Security and credit checks
- Credit checks: Partners review various data sources. They may run company and consumer credit checks, but these are visible only to you and will not affect your credit score.
- Personal guarantee: A Cash Advance is generally unsecured. However, if you apply as a limited company or LLP, you may need to provide a personal guarantee. This makes the business owner(s) personally responsible for repayments if the business cannot pay.
How to apply
You can view your personalised offers in the Teya App or Business Portal under the Funding section.
- Check your offer: Enter details such as your incorporation date and annual revenue to see your options.
- Select terms: Choose the funding amount and repayment percentage that suits your cash flow.
- Submit: Complete the request in a few steps.
Once approved, funds will be settled typically within 24 hours. Offers are valid for 30 days; if an offer expires, you will be notified if you qualify for a new one.
Managing your Cash Advance
Top-ups and renewals
You cannot change the total amount of an active Cash Advance. However, once you have repaid approximately 50% of your advance, you may become eligible for a renewal or top-up. Check the Funding section of the App for availability.
Switching acquirers
While you are free to change acquirers, we recommend staying with Teya until your advance is fully repaid. Switching may cause you to lose access to deal management tools, making it harder to track your repayment progress.
Early repayment
You can settle your outstanding balance early at any time through your funding provider. There are no extra costs for doing this, but the original fixed fee remains unchanged.