How You Can Benefit from Capital with Jackrabbit Pay
Jackrabbit clients who process payments through Jackrabbit Pay can prequalify for a business loan. With Jackrabbit Pay’s Capital feature, you can leave the complicated applications behind. Elevate your dance studio, gymnastics gym, cheer program, swim school, music school, or child care program by applying and receiving funds within two business days.
How You Can Benefit from Capital with Jackrabbit Pay
If you are a Jackrabbit client, the answer is you! Clients simply need to process payments with Jackrabbit Pay to apply for Capital. Applying takes less than three minutes and has no impact on credit scores.
With Capital, Jackrabbit clients can:
- Update equipment.
- Invest in staff.
- Finally launch that marketing campaign.
- Cover unexpected expenses without a cash flow disruption.
How Jackrabbit Pay’s Capital Feature Works
Fast Financing
Based on your processing with Jackrabbit Pay, you’ve been pre-qualified. Confirm your details and access your funds within hours.
Flexible Financing
You repay automatically as a fixed percentage of your daily sales, so repayments adjust with your revenue.
Transparent Financing
There’s no ongoing interest, just a flat fee that you repay as part of the loan, so you know the cost from the outset.
FAQ Section
What is Capital with Jackrabbit Pay?
Jackrabbit Pay’s Capital feature provides a loan on your business’ future processing. As we process your payments, repayment of the loan occurs.
What does pre-qualified mean?
Clients processing with Jackrabbit Pay for more than 90 days are eligible for a business loan through Capital based on their processing volume. Additional information may be required for full approval
How does repayment work?
Repayment is automatic, through a fixed percentage of your daily processing. You’ll repay more on high processing days and less on slow days, which helps to maintain consistent cash flow.
How does requesting Capital impact my credit score?
We determine your eligibility based on your business’ processing performance, so exploring your options with us will not impact your credit score.
How long does it typically take to repay the advance?
Each loan has a set end date for repayment, which can vary depending on the terms of your loan and your processing volume and will be outlined in your agreement.
What are the fees associated with accessing Capital?
Capital with Jackrabbit Pay offers business financing with a fixed fee rather than an interest rate. This fixed-fee structure helps to avoid variable costs for your business financing.
USA disclaimer: Loans are provided by Adyen N.V. San Francisco Branch and subject to credit approval.
All markets: Loans may take up to two business days depending on factors related to the bank you use.