Does FreshBooks offer financing?

FreshBooks has partnered with YouLend, a leading revenue-based finance provider in the United States and the United Kingdom, to provide flexible small business financing for your business.

 

Note: Financing with YouLend is available for eligible businesses in the United States and the United Kingdom. FreshBooks and YouLend determine eligibility based on several criteria and notifiy you by email when you become eligible for financing.


Financing with YouLend

YouLend offers an embedded finance solution for qualified businesses to access capital. Also known as a merchant cash advance, flexible funding from YouLend includes a flexible payment structure that adjusts to your business’s cash flow, including seasonal dips and month-to-month variability. YouLend offers the following:

  • Repay as you earn - Repayment will happen automatically as an agreed-upon, fixed percentage of your sales
  • No fixed monthly payments - Payments adjust based on your sales activity 
  • Clear terms upfront - Your total repayment amount and terms are shown before you accept

 

Financing page with an offer displayed.

To start your application, you’ll need to provide basic details about your business and connect your bank account. This allows YouLend to calculate your average daily sales and determine your funding options. Once approved, you can choose the funding amount that fits your business and review the terms. Then, once approved, funds are sent within 24 hours so you can access cash quickly.

For more information on YouLend, your application, or how funding works, reach out to YouLend’s support team directly or review YouLend’s Help Center.

 

Apply to YouLend

YouLend owns and manages the application and approval process. The application includes a soft credit check which will not impact your credit score.

To apply for financing, follow these steps: 

  1. Select the Financing section from the left menu
  2. Select the Apply Now button 
  3. In the Confirm Company Details pop-up, review or enter the following information:
    • Company Name
    • Company Type
    • Key Contact Name
    • Country
    • Email Address
    • Phone Number
    • Address Line 1, City, Country, and State
    • Employer Identification Number (EIN)
  4. Then check the box off next to I consent to a credit search being carried out
  5. Then select Submit
  6. Next, in the Company details section, confirm your First name and Last name
    1. Next, enter your Date of birth
    2. For Type of person, choose an option
    3. Confirm the Mobile number
    4. Enter a Home address and confirm the address details
    5. Select Next
  7. In the Verify your bank account section, select the Verify in 1 minute button
    1. Select Continue 
    2. Search or select your bank account to connect to YouLend
    3. Enter your bank’s login credentials
    4. Select the account(s) you want to share with YouLend and select Continue
    5. Select Allow to finish
  8. In the Review your information section, ensure your Company information and Personal information are correct, then select Submit application. You’ll be required to set up a YouLend login to review your application and if applicable, funding.

 

Review Application and Funding

You’ll receive an email from YouLend within 24 hours of your submission. If approved, your email will include a link to review offers. Use the below steps to review your available funding options: 

  1. In the email from YouLend, select the Review offers button, or sign into your YouLend account
  2. In the Customize your offer section, review the Offer amount
  3. Select Continue with offer
  4. In the Review and accept terms section, review the offer details, terms, and under Declarations, check off the available boxes
  5. Select Accept and sign
  6. Once you sign your contract, you’ll receive funding within 24 hours.

 

Manage your Financing with YouLend 

To review your advances, transactions, and company details with YouLend, log into your YouLend account.

YouLend US:

YouLend charges a one-time fixed fee that is disclosed upfront. There are no ongoing interest charges or hidden fees. Funding is provided by and at the discretion of YouLend US LLC. Merchants must apply for this directly with YouLend US LLC. Neither FreshBooks nor any subsidiary or affiliate company provides regulated lending, financial advice, recommendations, or brokerage services.

YouLend UK:

YouLend charges a one-time fixed fee that is disclosed upfront. There are no ongoing interest charges or hidden fees. Funding is provided by and at the discretion of YouLend Limited. Merchants must apply for this directly with YouLend Limited. Neither FreshBooks nor any subsidiary or affiliate company provides regulated lending, financial advice, recommendations, or brokerage services.

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