Stripe Capital Financing

Stripe Capital offers two types of financing: loans and merchant cash advances. Each offer specifies the type of financing being offered. You can’t request a particular financing type under the Stripe Capital program.

Merchant cash advance: A merchant cash advance is a purchase of a merchant’s future receivables by YouLend. It’s not a loan or credit transaction. Purchased receivables are withheld from the merchant’s payment processing volume in a percentage specified in the YouLend Advance Agreement. Unlike a loan, there’s no fixed payment schedule or periodic debits. Instead, a merchant’s payments vary based on payment processing volumes.

Loans: Business-purpose term loans are made by Celtic Bank to eligible businesses. These loans have a maximum term, and periodic payments. If withholdings from payment processing receivables don’t meet a minimum amount (typically on a 30 or 60-day basis), shortfalls are debited from a linked bank account.

No, you’ll pay one flat fee that does not change. You won’t pay any interest on top of this fee.

Eligibility is determined based on a combination of factors, including overall sales volume and history with Goodshuffle Pro. Eligible U.S. businesses will receive an email from Goodshuffle if they have an offer available.

Applying for financing through Stripe Capital might require a personal credit check under some circumstances, but this credit check doesn’t impact your personal credit score. If a personal credit check is required you will be notified during the application process. All offers are determined based on a number of factors, including order volume and your history of orders through Goodshuffle Pro.

When you log into your offer email, you’ll be able to select from three different offers. If you’d like a different amount, you may request any amount up to the maximum offer that appears after clicking ‘View Offer’ in your Company Tab and requesting a ‘Custom Amount’.

The fee and repayment rate will adjust to your new offer.

You’ll automatically pay the flat fee via a percentage of your sales until the total amount owed is repaid. The fee is not charged up-front.

Payment toward the financing is collected automatically through a percentage of your Goodshuffle Pro sales, which means you pay down more when business is busy and less if things slow down.

A minimum payment is the minimum amount that you’re expected to pay toward the financing every 60 days such that the maximum duration of the financing does not exceed 18 months. If the total amount that you pay toward the financing through payments deducted from your sales in a 60-day period falls below the minimum payment requirement, you will be required to pay the remaining amount at the end of the period. You can view your minimum payment amount in your Stripe Capital agreement.

If your payments deducted from sales cover the minimum payment requirement for the 60-day period, no action will be taken. If you have not met the minimum payment amount by the end of the 60-day period, Stripe will automatically deduct the balance needed to meet your minimum payment. We’ll do this by taking the payment directly from your account balance or debiting your bank account. The minimum payment collection process is automatic — there’s no action needed on your part.

If your application is approved, you’ll see the funds in your bank account typically in 1-2 business days.

Each offer is available for 30 days. After that point, your business will automatically be re-evaluated to see if you’re eligible for an additional offer.

Yes, you do have the ability to pay toward the financing early — either in full or with manual one-off payments. You can make a payment by emailing a request to [email protected] and they will be able to assist you with a manual one-off payment.

Please note that your loan or Merchant Cash Advance does not accrue interest (so there is no penalty for using the maximum term to pay off the loan) and that paying it down early is not a guarantee of a subsequent offer.  As a result, paying down early might not always be financially advantageous. Accounts are automatically reviewed for additional funding on a daily basis. We will reach out over email once you are qualified for any future offers.

Once you’ve paid the total amount owed, you’ll automatically be evaluated for a new offer. Making payment toward the financing early does not automatically qualify you for a new offer.

If you have additional questions about how our financing program through Stripe Capital works, you can contact our partners at [email protected].

Tax reporting is often dependent on your specific situation, so we encourage you to talk with a tax advisor to ensure appropriate accounting. In general, Stripe Capital funds would not be considered taxable income at the time of receipt, and the amounts withheld to satisfy your obligations are not tax deductible.