Dojo Advance provides fast, flexible funding to help give your cash flow a boost when you need it.
If you’ve already applied for a Dojo Advance, keep reading for more information.
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What to expect when you apply
Once you've completed your application, we'll send it over to our funding partner, YouLend. A member of their specialist team will review your application and contact you within one business day to explain the next steps.
If approved, funds will be paid to your bank account typically within two business days.
How to make repayments
Once you’ve received your Dojo Advance, the repayment process begins automatically. From this point on, a percentage of your card transactions will go towards paying off your advance.
This is a fixed percentage you choose when you apply, and it’s deducted before your takings are transferred to your bank account
It means that your repayments are always proportionate to your earnings.
You can log into the YouLend portal at any time to check the progress of your repayments, and view the outstanding balance.
How to increase your advance
Once you’ve repaid at least 50% of your Dojo Advance, you’ll be able to top up your funding.
We’ll automatically contact you once you’re eligible.
Am I eligible for Dojo Advance?
Eligibility criteria will apply. Your card transaction history, business performance and credit information are considered as part of the application process to determine if you are eligible for funding and the amount available to you.
Your pre-qualified funding amount may be adjusted to reflect changes to your regular trading.
How much funding can I get?
The amount you’re eligible for depends on your monthly revenue, and how long your business has been operating. Average funding is approximately 0.8-1 times your average monthly card turnover. You’ll get a quote once you’ve input these details at the start of the application process.
How long does it take to repay?
This depends on the size of the advance, the repayment percentage and your card turnover. The typical length to repay is nine months.