Before applying for financing with Mollie Capital, it’s important to understand the key terms, conditions, and contractual obligations associated with your financing agreement.
What is Mollie Capital?
Mollie Capital is a financing solution that provides eligible businesses with quick access to financing. It works as a cash advance provided in exchange for a percentage of your future sales revenue.
Mollie Capital may be offered directly by Mollie or in partnership with our financing partner, YouLend.
Who is YouLend?
YouLend is Mollie’s trusted financing partner, providing flexible financing solutions for businesses.
Mollie and YouLend work together to assess applications and provide financing to eligible customers.
What is a soft credit check?
When you apply for Mollie Capital, you consent to a soft credit check.
A soft credit check allows us to assess your eligibility and creditworthiness without affecting your credit score. Other lenders may be able to see that a credit check took place, but they cannot see the outcome.
How does the repayment rate work?
Each Mollie Capital offer includes a fixed repayment rate, shown in your financing agreement. This is a percentage of your daily sales revenue that is automatically withheld from your settlements to repay your financing.
Repayments are collected automatically from your available Mollie balance until the full amount, including fees, has been repaid.
Because repayments are based on your sales volume:
- You repay more during busy periods
- You repay less when sales are lower
Example:
If your repayment rate is 20% and you process €1,000 in sales on a given day, €200 will automatically be withheld as repayment.
What happens if my daily revenue changes significantly?
When you accept a Capital offer, you receive an estimated repayment timeline based on your trading history and expected sales.
If repayments fall significantly behind schedule or are unlikely to meet the expected timeline, Mollie or YouLend may contact you to discuss your financial situation and possible solutions.
We will attempt to contact you over a 30-day period. If we are unable to reach you during this time, your financing may be considered in default and the recovery process may begin.
What can I use Mollie Capital financing for?
Mollie Capital financing must be used for purposes directly related to the business connected to your Mollie account.
Financing can be used to support business growth and operations, such as:
- Inventory
- Equipment
- Marketing
- Expansion
Financing cannot be used for personal expenses or unrelated purposes.
What is a personal guarantee?
A personal guarantee is a commitment by an individual (the guarantor) to personally repay amounts owed under a Mollie Capital agreement if the business cannot meet its obligations.
Because Mollie Capital financing is unsecured, requiring a personal guarantee is standard industry practice.
If repayments are missed, we will always consider your business situation before invoking a personal guarantee. It is only used as a last resort.
If a personal guarantee is enforced, it may have serious consequences, including:
- Personal assets (such as savings, property, or investments) may be used to repay outstanding amounts.
- Unpaid debt may be reported on the guarantor’s personal credit file, which could affect their credit score.
- Legal action may be taken to recover the debt.
Where can I find my signed agreement?
Once reviewed and signed, your Capital agreement will be available in your Mollie Dashboard.
To access it:
- Navigate to Capital in the sidebar menu.
- Navigate to the financing round you want to review.
- Download your signed contract.