Cin7 Capital powered by Stripe (Stripe Capital)

Cin7 Capital powered by Stripe (Stripe Capital) provides working capital like cash advances, term loans, and flex loans from inside Cin7 Pay. Eligibility is based on your payment processing history, with financing payments automatically deducted from Cin7 Pay payouts.

Prerequisites

• You’ve set up Cin7 Pay

• Your business is in the US, UK, or Australia

• You have the Money → Cin7 Pay permission

• You have Cin7 Pay processing history and meet eligibility requirements as determined by Stripe and its financing partners

Eligibility and prequalification

Stripe assesses eligibility for prequalification based on your Cin7 Pay payment volume, processing history, and account standing. You can’t apply directly.

When you’re prequalified, you’ll receive an email with the details of your financing offer and a link to review the offer details within Cin7. Offers expire after 30 days and new offers are sent when you prequalify.

Your business must be based in the US, UK, or Australia.

Financing types

The financing type you’re offered depends on your region and eligibility:

• Merchant cash advance (MCA)—Receive a lump sum and repay through a fixed percentage of daily sales (US and UK)

• Loan advance—Similar to an MCA with different terms (UK)

• Flex loan—Flexible repayment terms based on sales volume (US and Australia)

• Fixed-term loan—Standard financing with a fixed repayment schedule (US)

Accept an offer

Stripe contacts you by email when you prequalify for financing.

1. Click the link in the email or go to Money > Cin7 Pay > Cin7 Capital application.

If you haven’t chosen financing accounts, you’ll be prompted to do so before you can review your offer:

2. Open the Account and setup tab.

3. Choose a Financing liability account.

4. Choose a Financing fees account.

5. Save.

Then return to Cin7 Capital application to review your offer and apply for financing:

6. On Cin7 Capital application, review the financing terms, including the amount, fee, and payment rate.

7. Follow the onscreen instructions to complete your application and apply for financing.

Stripe typically disburses funds within 2 business days of approval. When you receive a disbursement, funds are deposited into your business bank account account.

Find out about reconciliation

Payments, current balance, and timeline

Stripe automatically deducts financing payments from your Cin7 Pay payouts as a percentage of your daily Cin7 Pay payments volume. The financing payment rate is fixed when you accept the offer.

To review your payments history, current balance, and estimated payoff timeline, and make additional payments, go to Money > Cin7 Pay > Cin7 Capital financing to manage your financing.

Reconciliation

Cin7 Core automatically creates accounting entries for disbursements and repayments and syncs them to your connected accounting platform (Xero or QuickBooks Online) as journal entries.

Disbursements

This records the receipt of funds in the Bank account, establishes the full financing liability, and recognizes the financing fee at the time of disbursement.

Financing payments

This reduces the outstanding financing liability and offsets the repayment against the Clearing account used for payout processing.

Disclosure and support

Stripe Capital offers financing types that include loans and merchant cash advances. All financing applications are subject to review prior to approval. In the US, Stripe Capital loans are issued by Celtic Bank, and YouLend provides Stripe Capital merchant cash advances. See your Dashboard for the terms of your offer.

All financing applications are subject to review prior to approval. In the UK, Stripe Capital loans and merchant cash advances are provided by YouLend.

In Australia, financing is provided by Fundbox, an external finance provider, with payments facilitated by Stripe. Funding amounts, rates, and terms are based on review and approval of a completed application, and are subject to change. Financing offers might require additional documentation.

For questions about Stripe Capital financing, contact capital+support@stripe.com.

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