Rafa has a small restaurant in Alicante. Last summer he anticipated a large increase in his clientele, so he applied for an Online POS Terminal Loan of €30,000 to buy products and hire staff.
How did he repay the €30,000?
20% of what he invoiced with his POS terminal was automatically used to pay back the money. On the days he invoiced €4,000, he paid back €800 and on those he invoiced €400, he paid back €80. On the days he invoiced €0, he paid back €0.
In the end, Rafa paid back the money in 123 days, and he did not need to reach the maximum term of 150 days.