MoonClerk has partnered with Stripe to offer eligible businesses access to fast, flexible financing through the Stripe Capital program. MoonClerk Capital provides financing to help eligible businesses cover business expenses and invest in their operations.

MoonClerk businesses are automatically reviewed for eligibility on a daily basis, and we’ll send you an email if your business receives a pre-qualified offer. The criteria for eligibility is based on a number of factors including your transaction volume and history with MoonClerk. Eligible US businesses will receive an email if they have a pre-qualified offer available to apply for.

If eligible, you’ll receive an email with your personalized pre-qualified offer and you can choose the amount that works best for your business. Each pre-qualified offer will outline:

Here’s an example pre-qualified offer you might receive:

If you accepted the example pre-qualified offer above and were approved, you would receive 17,000 USD in the bank account associated with your MoonClerk account as soon as two business days after approval, along with your usual payout. Stripe would then withhold 12% of your daily transaction total in addition to the usual processing fees as payment toward the total amount financed of 18,700 USD (the 17,000 USD financing amount plus the 1,700 USD flat fee).

You’ll automatically pay the financing over time through a percentage of your transactions according to your payment rate*. The payment process will begin automatically 1-2 business days after the funds have been deposited into your account. The more card sales you process through MoonClerk, the faster you’ll pay. If you would prefer to pay faster or pay the total amount financed in full, you can make a manual payment in addition to the withheld amounts by clicking the ‘Make Payment’ button in your financing overview page. There are no additional fees for early payment. Paying early doesn’t guarantee subsequent pre-qualified offers. Accounts are automatically reviewed for additional pre-qualified offers on a daily basis and we’ll send you an email if you qualify for any additional pre-qualified offers.

For loans, you’ll have a minimum amount due each repayment period. That period will be determined during underwriting and based on your pre-qualified loan offer. If the payments deducted from your sales meet the minimum, you’ll continue to pay through a percentage of your transactions. If the payments deducted from your sales over that period fall below the minimum, Stripe automatically debits your bank account or account balance for the remaining amount at the end of the period. You can view your minimum payment amount in the Dashboard or in your loan agreement. To see a daily summary of your payment progress, see the financing overview page.

Each pre-qualified offer specifies the type of financing being offered, which might be a loan or a merchant cash advance. You can’t request a particular financing type under the Stripe Capital program. A merchant cash advance is a purchase of a merchant’s future receivables by YouLend — not a loan or credit transaction — withheld from your payment processing volume at the percentage in the YouLend Advance Agreement, with no fixed payment schedule or periodic debits. Loans are business-purpose term loans issued by Celtic Bank, with a maximum term and periodic payments; if withholdings don’t meet the minimum amount (typically on a 30 or 60-day basis), shortfalls are debited from a linked bank account.

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’ll be notified during the application process.

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.

*For MoonClerk Capital Loans, you’ll have a minimum amount due each repayment 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.