Financing with Squarespace Capital
TL;DR:
- Squarespace Capital offers financing through Stripe to qualifying US businesses using Squarespace Payments
- Eligibility is checked daily – you'll get an email if you qualify
- Offers show financing amount, flat fee, total owed, and daily repayment rate
- No penalties for early repayment – pay off any time
- Automatic repayment starts 1-2 days after funding based on daily sales
Squarespace Capital provides financing in partnership with Stripe. If you run a US-based business and use Squarespace Payments, here's how it works.
How Eligibility Works
You don't apply for Squarespace Capital. The system checks your business daily based on your transaction volume and Squarespace history. If you qualify, you'll get an email notification.
Understanding Your Offer
Each financing offer breaks down like this:
- Financing Amount: Cash transferred to your bank account
- Flat Fee: One-time fee added to your repayment total
- Total Amount Owed: Financing amount plus flat fee
- Repayment Rate: Fixed percentage taken from daily card transactions
For example, a $17,000 offer with a $1,700 flat fee means you repay $18,700 total. If your repayment rate is 12%, that percentage comes out of your daily card sales until the balance is cleared.
How Repayment Works
Funds arrive in your bank account within 3-4 days of approval. Automatic repayment starts 1-2 days after you receive the money.
The more transactions you process, the faster you'll pay off the balance. If your daily transactions don't cover the minimum repayment amount, the shortfall gets debited from your linked bank account.
Keep track of your daily transactions to avoid unexpected bank deductions.
Early Repayment Options
You can pay off your balance early without penalties. Use the 'Make Payment' button on your loan overview page to make manual payments anytime.
Each repayment period has a minimum amount due. If your sales don't cover this minimum, the difference automatically comes out of your bank account.
FAQs
How do I know if my business qualifies for Squarespace Capital?
Eligibility gets assessed daily based on your Squarespace Payments usage and sales history. You'll receive an email notification if you qualify.
Can I repay my loan early?
Yes, you can make additional payments without extra charges using the 'Make Payment' button on your loan page.
What happens to my existing Stripe Capital loan if I switch to Squarespace Payments?
Your Stripe Capital loan transfers automatically, and repayments continue being deducted from your Squarespace Payments card transactions.
Jargon Buster
Flat Fee: Single additional charge on the loan amount with no extra fees or interest
Repayment Rate: Specific percentage deducted from daily transactions to repay the loan
Automatic Repayment: System where daily transaction percentages automatically go toward your loan balance
Wrap-up
Squarespace Capital keeps financing simple. The eligibility process runs automatically, and repayment adjusts to your sales volume. This lets you focus on growing your business while managing your financial commitments. Timely repayment also helps your chances of qualifying for future financing offers.
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