Do you want to apply for a POS Advance?
Before applying, if you're an SME*, you can calculate the amount you need and find out how many days you can take to repay it.
- Select the advance amount.
- Receive the money in your account in less than 24 hours.
- Pay it back as you receive turnover, you have up to 150 days. The daily repayment amount will be 20% of your POS turnover, so the days you do not receive turnover you will not pay anything.
Here's an example: "Manuel's Bakery"
Manuel has a bakery and needs an advance of €3,000 for improvement works and to specialize in gluten-free breads.
How will he pay back his advance?
With his daily POS turnover, Manuel has been automatically repaying 20%, worry-free. The days he has taken €500, he has repaid €100, and the days he has taken €50, he has repaid €10. Since he does not open on Mondays and takes no turnover, on those days he pays nothing.
In the end, Manuel repaid his advance in 123 days.