At YouLend, renewals refer to the process of a previously funded merchant applying for and receiving additional funding.

Merchants can either apply once their existing financing is paid off, or merchants can be eligible to apply for an early renewal before they have finished repaying their existing financing.

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Good to know

Merchants are usually eligible for a new cash advance after they have paid off around 50% of their existing advance, depending on their payment performance

Where can a merchant renew?

1. YouLend Merchant Dashboard

2. Partner Hosted Dashboard

Partners can also host the renewals journey themselves so that merchants are marketed their renewal offer and complete their application in the partner hosted environment.

See renewals integration guide here.

Early Renewals

An early renewal is when an additional funding has been created for a merchant, before they have finished paying off their existing or initial loan.

At YouLend merchants only pay down one financing at a time. When an early renewal is funded it does not receive payments until the initial has fully paid.

If the early renewal has a different sweep percentage to the initial - the sweep percentage of the initial is adjusted for the remainder of the term.

For partners facilitating repayments, see our guide on the topic here.