Here at theCut, we want to make sure our customers have the access to capital they need to grow and succeed. One of the most challenging parts of growing a business can be accessing the financing required to move it forward.  

Whether you have an opportunity to purchase new inventory, invest in infrastructure, or hire new people, businesses of all sizes may need access to capital at some point. For many business owners, it can be hard to find financing opportunities.

Today, we are excited to announce our launch with Stripe to provide access to fast, flexible financing so our customers can more easily invest in their future and the growth of their businesses.

With the support of theCut Capital, powered by Stripe, businesses can access flexible, on-demand financing. It’s a simple application process and applying will not affect your personal credit score. Eligible businesses are automatically prequalified and can receive funds as quickly as two business days if they are approved.

Benefits of theCut Capital

● Simple application: There’s no impact on personal credit scores and no complicated application process. Eligibility is based on factors like your payment volume and history of theCut payments powered by Stripe.

● Get funds quickly: If you're approved, funds typically arrive in as little as one to two business days, directly into your bank account.

● One flat fee: Pay one flat fee that never changes. There are no compounding interest charges or late fees.

● Pay when you get paid*: Payment is fully automated and adjusts to your daily sales. Stripe deducts a fixed percentage of your sales until the total owed is paid.

How theCut Capital works

● Check your eligibility: If you’re eligible, based on factors that include your payment volume and history on theCut, you will receive a capital offer via email.
● Select your offer: Select the amount that’s right for your business needs. The financing fee and payment rate are set based on the funding amount.

● Receive your funds: After your application is reviewed, if you are approved the funds are deposited into your bank account, typically in as little as one to two business days after approval.

● Pay as you earn*: You’ll automatically pay the financing with a fixed percentage of your sales, until the total amount is paid.

Please note that eligibility is based on a combination of factors, such as your payment volume and history on theCut. If you’re eligible for an offer, Stripe will send you an email. If you haven’t received any notification, that means you’re not eligible for an offer at this time.

If you’d like to receive a financing offer, but aren’t eligible at this time, we recommend migrating more of your business’ payments to theCut. While not guaranteed, increased payment volume and your history with Stripe through theCut might increase your likelihood of getting a financing offer through theCut Capital.

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.

*Stripe Capital loans have a minimum amount due each payment period, and if the minimum amount that you pay through sales doesn’t meet the minimum your account will be automatically debited the remaining amount at the end of the period. If your loan has a fixed payment, Stripe stops withholding from your Stripe sales when you meet the fixed payment amount. The payment terms for your offer will be detailed during the application process.