Every eligible business/merchant can apply for a business loan to secure upfront cash quickly. In return, the business/merchant agrees to pay back CASHDRIVE, a minimum fixed sum (including interest and fees) daily or weekly via direct debit/standing order, until the financing obligation is fully paid off.
The daily or weekly fixed repayment amount is calculated based on a tenor of between 3 - 12 months but the business/merchant can increase his weekly repayment amount to clear out his outstanding financing obligation faster.